China has made a number of pledges recently to revive the economy’s recovery and improve the business environment as concerns about the growth outlook continue to mount. A flurry of statements from the government and Communist Party since July have largely focused on encouraging more spending on things like consumer goods and cars, coaxing private … Read More “Everything China is doing to juice its flagging economy” »
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Nasdaq futures rallied as a strong outlook from Nvidia gave fresh impetus to the artificial intelligence hype that’s boosting tech stocks this year. Nvidia advanced 7.9% in premarket trading after the chipmaker delivered a third straight sales forecast that beat analysts’ estimates, while tech giants such as Apple Inc. and Microsoft also rose. Contracts on … Read More “Nasdaq futures jump 1% as Nvidia stokes tech rally: Markets wrap” »
To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and the investment firms … Read More “TLcom’s TIDE Africa II adds another DFI to its roster of LPs” »
Oil was steady after a two-day drop as concerns about waning demand in top importer China were tempered by an industry-funded report pointing to a decline in US inventories. West Texas Intermediate futures for October traded below $80 a barrel after slipping 1.3% over the previous two days. China’s stuttering economy is now the biggest … Read More “Oil holds two-day loss on demand woes before US stockpile data” »
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August is turning out to be chaos for emerging markets. Bonds and stocks from developing economies are poised for their worst monthly losses since last September after Nigeria’s central bank revealed it has less reserves than estimated, an outsider won primaries in Argentina and a presidential candidate was assassinated in Ecuador. The upheaval, alongside a … Read More “The case for emerging-market investing is fading in August” »
To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and the investment firms … Read More “Carlyle exits Gabonese E&P company in $730mln deal” »
Food prices increased at the slowest pace in at least nine months as the cost of cooking oil plunged, Bloomberg’s Shisa Nyama Index shows, vindicating the central bank’s decision to leave its benchmark rate unchanged after overall inflation slowed. The cost of a basket of goods in the index, which has been compiled since November … Read More “Shisa Nyama Index shows SA food prices at nine-month low” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “Prosper Africa selects 4 more fund managers for catalytic partnerships” »
