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Banks saddled with $30 billion in unwanted debt in risk exodus

The world’s biggest banks have already had to use about $30 billion of their own cash this year to fund loans for acquisitions and...

Stocks sag, bond yields firm as yen sinks further

Stocks sagged and bond yields firmed on Thursday as looming central bank rate meetings cast a shadow over largely resilient corporate earnings so far...

Oil rises on tight supplies, China possibly easing COVID curbs

Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in...

Tesla seeks to ease demand concerns over likely 2022 delivery target miss

Tesla Inc (TSLA.O) said on Wednesday it expected to miss its vehicle delivery target this year, but downplayed concerns about softening demand after its revenue missed...

UK stocks fall as inflation returns to 40-year high; banks under pressure

UK stock indexes closed lower on Wednesday after data showed consumer prices returned to a 40-year high in September, while banking stocks were hit...

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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