Tag: US

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US on track for June 1 default without debt ceiling hike, Treasury says

 The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government's bills only through June 1 without a debt...

Oil slides as US holds off refilling strategic reserve

Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum...

China blames US’s ‘radical fiscal policy’ for emerging market debt troubles

China implied that the US is to blame for economic turmoil across developing countries, deepening a war of words over responsibility for debt pressures...

Dollar firms after U.S. labor data points to further Fed tightening

The dollar strengthened on Thursday after unemployment claims pointed to a strong U.S. jobs market that along with other data showing growing labor costs...

Oil falls ahead of OPEC+, U.S. Federal Reserve meetings

Oil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors...

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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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