Category: Finance

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Chinese equities fluctuated, weighing on gains in Asia, while Nvidia Corp slid in US after-hours trading on a report that the Biden administration was considering further curbs on exports of powerful chips used to train artificial intelligence. The Australian dollar slumped as soft inflation data damped rate-hike bets. The broader picture in stocks was mixed, … Read More “China slows Asia stocks advance: Markets wrap” »

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From oil and gold to stocks and currencies, global markets were a picture of relative calm Monday in the wake of a geopolitical shock that challenged Vladimir Putin’s rule in Russia. Oil was steady after its near 4% slide last week, US and European equity futures ticked higher and Asian shares were mixed as bourses … Read More “Risk sentiment resilient in face of Russia mutiny: Markets wrap” »

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Global stocks headed for their biggest weekly decline in more than three months following a spate of central bank rate hikes that have pushed up bond yields and heightened fears of recession. European equity futures fell about 0.4% Friday, as did contracts for US benchmarks, taking little relief from Treasury Secretary Janet Yellen’s view that … Read More “Global stocks on course for worst week since March: Markets wrap” »

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Oil headed for a weekly loss of over 4% after the Federal Reserve signaled that further rate hikes were needed, bruising appetite for risk, aiding the dollar, and raising the prospect of an economic slowdown. West Texas Intermediate fell below $69 a barrel after tumbling 4.2% on Thursday. In testimony this week, Fed Chair Jerome … Read More “Oil suffers steep weekly decline as Fed flags further tightening” »

by Fintechnews Africa 21 June 2023 In Africa, improved productivity, increased digitalization and a rapidly expanding talent pool are laying the foundations for the continent to become a major services outsourcing destination, a new report by McKinsey and Company says. The report, released on June 05, 2023, looks at Africa’s economic, social and demographic trends … Read More “Digitalization: Africa to Become a Top Services Outsourcing Destination in Case Productivity Gets Better” »

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 “Weekly Wrap, June 19th, 2023; Capitalworks sells boat builder to Czech investor, Convergence renames permanent capital vehicle, Monter fund holds first close, and more…” »