By Marc Jones LONDON (Reuters) – After some of the biggest losses in emerging markets on record this year the…
Prosus goes on cost-cutting drive, targets profit in 2 years
By Promit Mukherjee and Toby Sterling AMSTERDAM (Reuters) -Technology investor Prosus NV said on Wednesday it would launch a cost…
Putin promises further efforts to unblock more Russian fertiliser exports
MOSCOW (Reuters) – President Vladimir Putin said on Wednesday Russian officials would work to unblock Russian fertilisers stuck in European…
Emerging market debt ratio climbs back to record highs -IIF
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets’ debt-to-GDP ratio returned to record highs despite a $6.4 trillion decline…
South African retailer Shoprite to close Congo operations
KINSHASA (Reuters) -South African retailer Shoprite has decided to shut its shops in Democratic Republic of Congo, a company statement…
Morocco’s annual CPI up 8.1% in October
RABAT (Reuters) – Morocco’s consumer price index rose by 8.1% year-on-year in October, driven mainly by a surge in foodstuff…
IMF approves $88.3 million for Malawi under ‘food shock’ loan window
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said its executive board on Monday approved an $88.3 million…
Platinum deficit expected in 2023 after bumper surpluses, WPIC says
LONDON (Reuters) – The World Platinum Investment Council (WPIC) said on Tuesday it expected a deficit of the metal used…
Nigerian subsidies constrain development, says World Bank
LAGOS (Reuters) – Nigeria’s subsidies on petrol, electricity and foreign exchange are mostly benefiting wealthy households, the World Bank said…
Energy windfall improved Algeria’s economic position, says IMF
TUNIS (Reuters) – Higher energy prices have “materially improved” the Algerian economy’s near-term outlook, the International Monetary Fund (IMF) said…