DAVOS, Switzerland (Reuters) – Trade blocs seeking to skirt geopolitical risk by “friend-shoring” activities to like-minded countries should be careful…
Zambia received ‘debt-for-nature’ proposal from WWF for restructuring
(This Jan. 18 story has been corrected to change the timing of IMF MD Georgieva’s visit to Zambia from “in…
India’s Russian oil binge drags down OPEC’s share to lowest in 2022
By Nidhi Verma NEW DELHI (Reuters) – Russia became the third-largest oil supplier to India in 2022, making up about…
Fund manager allocation to U.S. stocks in January collapses – BofA survey
By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had…
Household wealth optimism collapses, global survey shows
By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future,…
Ghana extends domestic debt exchange deadline for third time
ACCRA (Reuters) – Ghana has again extended the deadline to register for its domestic debt exchange, this time to Jan.…
Foreign investors pour $925 million into Egypt since Wednesday
CAIRO (Reuters) – Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three…
Egypt to sell discounted bread to fight inflation
By Sarah El Safty CAIRO (Reuters) -Egypt’s government will start selling discounted bread to people not enrolled in its bread…
Investors snap up record $39 billion emerging market sovereign bond splurge
By Jorgelina do Rosario LONDON (Reuters) – Developing countries have sold a huge $39 billion of international bonds since the…
Yellen leads new U.S.-Africa policy with trip to Senegal, Zambia, South Africa
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Senegal, Zambia and South Africa during…