Fitch Ratings: US leveraged loan default rate remains above 4% in July
The US leveraged loan default rate stayed above 4.0 per cent in July due to ongoing macroeconomic pressures and…
Author
IFC launches initiative to support underserved in L. America, Caribbean
The International Finance Corporation (IFC) has launched the Silver Economy Initiative to develop financial…
IMF approves new $13.8b flexible credit line for Chile
The International Monetary Fund (IMF) has approved a new two-year Flexible Credit Line (FCL) arrangement for Chile,…
Oil steady on Wednesday
Oil prices steadied after a 2 per cent drop on Tuesday, with Brent below $80 per barrel and West Texas Intermediate…
Argentina lowers key import tariff to ease inflation
Argentina is lowering a crucial import tariff to reduce inflation as President Javier Milei navigates the complex…
US Latina contribution to GDP reaches $1.3t
Latina women’s economic output in the US has reached $1.3 trillion in 2021, surpassing the GDP of Florida and…
EGX closes in green on August 27
Egypt’s stock market (EGX) closed in the green area on Tuesday. The main index, EGX30 jumped by 0.76 per cent, to…
Egypt’s SME body partners with IntilaQ to boost entrepreneurship
The Small and Medium Enterprises Development Authority (MSMEDA) has announced a new collaboration with IntilaQ to…
Chinese investment boosts African energy sector
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives…
IMF agrees on $209m credit facility for Liberia
The International Monetary Fund (IMF) and Liberia have reached a staff-level agreement on a 40-month Extended…