Tag: Federal Reserve

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Dollar drops as risk appetite improves after Fed minutes

The U.S. dollar was broadly weaker on Thursday as investors, encouraged by the prospect of a slower pace of interest rate hikes by the...

Sterling slumps ahead of BoE decision after Fed hikes rates again

Sterling dropped against the dollar on Thursday after the Federal Reserve jacked up interest rates again, and as traders awaited the latest decision from...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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