Tag: USA

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Shares tumble as stress creeps into markets

Global shares slid on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of...

Analysis: As banks shake, markets hear the sound of peaking rates

Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the...

Fitch sees recession coming in Germany, Italy later in 2023

Fitch sees Germany and Italy’s economies going into recession by the end of this year as they battle to control inflation, although the Eurozone...

Oil slips on U.S. stock build, trading in narrow range

Oil prices edged lower on Thursday after a large build in U.S. crude inventories but continued to trade in a narrow range as hopes...

Walmart to close three U.S. tech hubs, relocate staff

Walmart Inc (WMT.N) will close three of its U.S. technology hubs, asking hundreds of workers to relocate to keep their jobs, a company spokesperson told Reuters...

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World Bank’s Banga says more bilateral debt forgiveness needed

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

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

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

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...

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