Tag: Gold

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AngloGold Ashanti CEO resists gold M&A temptation

Editors Pick

The Business Files Reporter - February 23, 2023

AngloGold Ashanti (ANGJ.J) has no plans to make acquisitions or to be bought, preferring to focus on internal growth, CEO Alberto Calderon said on Wednesday, after...

Switzerland sent $3.6 bln of gold to Turkey in Jan, the most since at least 2012

Economy

The Business Files Reporter - February 22, 2023

Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month...

Global shares edge higher ahead of U.S. inflation data, yen firms

Editors Pick

The Business Files Reporter - February 14, 2023

Global shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key U.S. inflation report and speeches by Federal Reserve...

Squeezed mining companies face growth dilemma

Editors Pick

The Business Files Reporter - January 31, 2023

High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust...

Central banks bought the most gold since 1967 last year, WGC says

Business

The Business Files Reporter - January 31, 2023

Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any...

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IMF predicts global public debt will be at 93% of GDP by end of 2024

The Business Files Reporter - October 21, 2024

World Bank’s Banga says more bilateral debt forgiveness needed

Africa October 18, 2024 0

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Business June 12, 2024 0

Ghana has finalised a pact with its official creditor...

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

Energy April 24, 2024 0

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 April 24, 2024 0

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

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