Investors have been piling into emerging market bonds as Treasurys’ long-held reputation as a safe haven took a beating following U.S. President Donald Trump’s “reciprocal” tariffs. Emerging market local currency bond yields slid by 13 basis points between April 2 — when Trump announced the tariffs — and April 25, according to the most recent […]
The Bank of England is expected to lower interest rates by a quarter point on May 8 as U.S. President Donald Trump’s tariffs darken the global growth outlook, and some economists think the BoE will soon need to speed up its gradual approach to rate cuts. BoE Governor Andrew Bailey, speaking in Washington last week […]
Former top HSBC investment banker Greg Guyett has joined the European Bank for Reconstruction and Development as its head of client services, the EBRD said on Friday. Guyett will join the EBRD on September 1 and lead teams responsible for banking, advising and policy activities, the development lender said. Guyett was head of HSBC’s Global […]
The United State’s interest in the Nigeria-Morocco gas pipeline project was revealed by Nigeria’s Finance Minister, Wale Edun, who highlighted the potential for U.S. involvement in the initiative. According to The Cable, Minister Edun disclosed this in a statement outlining the outcomes of the ministry’s bilateral engagements at the recently concluded 2025 Spring Meetings of the […]
Over the next five years, IBM has unveiled a massive $150 billion investment plan in the United States, with $30 billion specifically allocated for research and development to support advanced computing, including mainframes and quantum technology. “Technology doesn’t just build the future — it defines it,” said IBM chairman and CEO Arvind Krishna, underscoring the […]
THE United Kingdom is committed to strengthening bilateral relations with Zimbabwe, with a particular focus on enhancing trade and investment between the two countries, British Ambassador to Zimbabwe, Mr Pete Vowles, has said. Speaking at the Zimbabwe International Trade Fair (ZITF) 2025 Welcome Cocktail, co-hosted by the ZITF Company and the British Embassy, in Bulawayo […]
Beijing has pledged to allow more participation by foreign companies in sectors including telecommunications, healthcare and education in its latest attempt to attract and retain investment from overseas amid worsening geopolitical tensions. According to a 20-point 2025 action plan from the Ministry of Commerce and the National Development and Reform Commission that was unveiled on […]
California’s economy has surpassed Japan’s, making the Golden state the fourth largest economy in the world, Governor Gavin Newsom announced on Thursday. The state’s nominal GDP reached $4.1tn, according to data from the International Monetary Fund and the US Bureau of Economic Analysis, edging out Japan’s $4.02tn nominal GDP. California now ranks behind the US at $29.18tn, China at $18.74tn […]
The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilize the business environment. The bank also said Nigeria is now home to 15 per cent of the world’s extremely poor people, […]
Morocco’s King Mohammed VI gave the go-ahead on Thursday for a rail expansion plan worth 96 billion dirhams ($10.3 billion), including the construction of a high-speed line to Marrakesh, the country’s main tourist hub, by 2030, state media reported. Morocco’s preparations to co-host the World Cup in 2030, together with Spain and Portugal, has spurred […]