The Business Files Reporter

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Oil falls $1 on China COVID surge and firmer dollar

Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening...

G7 launches climate ‘Shield’ fund, some countries wary

A G7-led plan dubbed "Global Shield" to provide funding to countries suffering climate disasters was launched at the U.N. COP27 summit on Monday, although some questioned...

Ant’s consumer finance unit to boost its capital to $2.62 bln

The consumer finance unit of China's Ant Group will boost the company's registered capital to 18.5 billion yuan ($2.62 billion) from 8 billion yuan...

Ghana president sacks junior finance minister over alleged impropriety

Ghana's President Nana Akufo-Addo has sacked Charles Adu Boahen, the minister of state for finance, the presidency said on Monday after allegations of impropriety...

Global equity funds register outflows after two weeks of net buying

Global equity funds registered net outflows for the first time in three weeks in the week to Nov. 9, undermined by caution ahead of...

Breaking

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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