Jyoti Singh
Nigerian banks are rushing to secure new sources of capital following an order from the country’s central bank to bolster their balance sheets in order to safeguard themselves against the deteriorating economic conditions in the country. The Central Bank of Nigeria, which oversees the country’s 25 commercial banks, has set a deadline of March 2026 … Read more
The stock market surprised Wall Street last year with a significant increase, and it could surpass that this year with an even larger surge. Supported by a strong U.S. economy that defied widespread recession predictions and a more dovish stance from the Federal Reserve last fall, the S&P 500 rose by 24% in 2023. Only … Read more
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GQG Partners, one of the largest shareholders of Spanish bank BBVA, has decided to sell its stake due to the bank’s pursuit of a hostile bid for domestic rival Banco Sabadell, according to a report by the Financial Times. The decision to sell was made by GQG in July, as they believed that the Sabadell … Read more
Investing.com — Wells Fargo analysts have expressed doubts about the recent high-profile policy announcements from China, suggesting that the measures taken are unlikely to have a significant impact on the country’s economic trajectory. The bank argues that the growth effects of these stimulus initiatives will be similar to past experiences and will not address the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli airstrikes in northern Gaza have resulted in the deaths of many Palestinians, as reported by Hamas. The offensive continued after the killing of Yahya Sinwar, the leader of the militant group. Hamas claimed that … Read more
“ Backed by the full faith and credit of the federal government, U.S. Treasuries bonds have long been viewed as the gold standard in safe investments. In times of uncertainty, economic downturns, or full-blown crises, investors have flocked to Treasuries as a haven. But what if actual gold is the new gold standard for a … Read more
At the same time, personal savings rates have dropped as consumers dip into their reserves to keep up with higher prices. The savings rate was 6.9% in September, down from a pandemic peak of 33.8% in April 2020. Businesses, too, have been feeling the pinch. The Producer Price Index, a measure of wholesale inflation, increased … Read more
“ (Bloomberg) — Ahead of the upcoming meetings in Washington, global finance ministers have been urged by the International Monetary Fund to focus on tightening their budgets. Two weeks before a crucial US election and following a recent inflation crisis, ministers and central bankers gathering in Washington are facing increasing pressure to address their fiscal … Read more
By Tom Balmforth and Alexander Tanas CHISINAU (Reuters) – Moldovans are casting their votes on Sunday in a presidential election and EU referendum at a critical juncture that could strengthen the small agricultural economy’s efforts to join the European Union, amid accusations of Russian interference in the election. With the ongoing war in Ukraine to … Read more