South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South Africa’s gross domestic product reaching $401 billion based on current prices […]
The world’s second-largest economy expanded by 4.9% year on year in the third quarter, beating analysts’ forecasts but showing signs of slowing down. The Chinese economy showed a bigger-than-expected expansion in the period of July-September, suggesting that a recent set of […]
Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance and Didi, according to a PitchBook report Monday. China’s economic rebound from the pandemic has slowed. U.S.-China tensions have spilled over to […]
Chinese policymakers are facing a daunting task in trying to revive growth following a brief post-COVID bounce in the wake of persistent weakness in the crucial property industry, a faltering currency and weak global demand for its manufactured goods. Industrial […]
China’s central bank has been propping up the yuan against almost two dozen countries for the past month, indicating that its interventions are far broader than previously known, Bloomberg reported. The People’s Bank of China has supported the currency against […]
Markets remain cheerful, as Asian stocks rise after the all-important US Consumer Price Index (CPI) data cemented Federal Reserve (Fed) pause bets. The US S&P 500 futures, the risk barometer, is up nearly 0.30% on the day. On Wednesday, the […]
The U.S. dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank’s rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause […]
Netflix’s turn to advertising was supposed to ensure a safer financial future, but the streaming giant evidently forgot to factor in the industry’s apex predators: agents. Jeremy Zimmer, CEO of major Hollywood agency United Talent Agency which reps huge celebrities […]
Wall Street softened and the dollar rebounded on Tuesday as investors looked ahead to key inflation data and further clues regarding the duration of the U.S. Federal Reserve’s restrictive monetary policy. All three major U.S. stock indexes started the session […]
Gold prices rose on Monday, supported by a retreat in the dollar as investors looked forward to U.S. inflation data that could define the Federal Reserve’s moves on interest rates. Spot gold gained 0.3% to $1,922.89 per ounce by 0313 […]
