Argentina slashes rates amid inflation concerns
Argentina has slashed its benchmark interest rate for the sixth time aiming to combat inflation while reducing the…
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S. Africa’s unemployment climbs to 32.9% Q1 ’24
South Africa's unemployment rate climbed to 32.9 per cent in the first quarter of 2024, up from 32.1 per cent in…
UK wage growth exceeds expectations, signals cooling
British wage growth surpassed expectations according to data released on Tuesday, but other indicators hinted at a…
US producer price index up by 0.5% in April
The US Bureau of Labor Statistics has announced a notable uptick in the Producer Price Index (PPI) for final…
Africa to receive $550m Vitol clean cooking investment
Vitol, along with its subsidiary Vivo Energy, plans to allocate over $550 million by 2030 towards developing…
Anglo American mulls breakup amid BHP takeover bid
Anglo-American revealed a strategic plan on Tuesday, considering the potential breakup of the company by either…
EGX closes in red notes on May 14th
Egypt’s stock market (EGX) closed red on Tuesday. The main index, EGX30 dropped by 0.16 per cent, to 25,339.77…
URGENT: OPEC+ 24-25 oil demand forecast unchanged
OPEC+ maintains oil movement forecast for 2024/2025 from last month, as per the group's monthly report released on…
Kenya proposes tax on infrastructure bonds
The Kenyan government plans to implement a tax on interest earned from infrastructure bonds, potentially reaching…
Oil steady in early Tuesday trade
Oil prices were steady on early Tuesday ahead of the release of an OPEC+ market outlook, as traders awaited signals…