The International Monetary Fund (IMF) has warned the European Union (EU) that an increase in public debt in European countries could negatively affect the economy and slow down its...
Several automakers including Ford, Toyota, and Honda have warned against China’s vehicle production capabilities, suggesting that its automakers alone can cater to the vehicular demands of an entire country...
Mexico and the European Union signed a long-stalled free trade agreement on Friday as they seek to decrease dependence on the US and partially insulate themselves from US President...
The Beijing-based company said it will establish a new entity to develop a 1.2 million-ton-per-year alumina plant in Guinea, deepening China’s growing footprint in Africa’s bauxite-rich economies. Under the agreement,...
West Africa’s foreign reserves, valued at about $67 billion and managed by the Central Bank of West African States (BCEAO), remain largely held through European banks and vaulting hubs,...
The Beijing-based company said it will establish a new entity to develop a 1.2 million-ton-per-year alumina plant in Guinea, deepening China’s growing footprint in Africa’s bauxite-rich economies. Under the agreement,...
Aliko Dangote’s $20 billion refinery helps power Nigeria to first credit rating upgrade in 14 years.
The $20 billion refinery, which has ramped up to near its 650,000 barrels-per-day capacity, was highlighted by S&P as a key factor behind Nigeria’s long-term sovereign rating upgrade to B from...
Oil market participants are increasingly pricing crude to be capped near US$100 (RM396.50) a barrel over the next year, as demand is forced to slow down to counter millions of...
Japan is displaying some resilience despite energy shocks. Its trade balance remained in the surplus zone, driven by stronger-than-expected exports. Machinery orders were also stable in the first quarter....
When markets were still apprehensive about the early warnings of COVID-19, billionaire investor Bill Ackman was bracing for impact. The World Health Organization officially declared the pandemic on March...