Moody’s reduces South Africa’s GDP growth forecast by 0.3%
Businessam StaffSeptember 10, 2019
Moody’s, a credit ratings firm has trimmed its economic growth forecast for South Africa by 0.3 percent. The firm forecasts
Oil rises as new Saudi minister commits to output cuts
Businessam StaffSeptember 9, 2019
Oil prices rose on Monday after the new Saudi Arabian energy minister, Abdulaziz bin Salman, confirmed expectations that there would
Britain’s deepening Brexit crisis is an economic ‘disaster,’ Nobel-winning economist says
Businessam StaffSeptember 6, 2019
Britain’s intensifying political meltdown has thrust the country into the midst of an economic “disaster,” according to a Nobel
U.S. job growth slows further; wages, hours pick up
Businessam StaffSeptember 6, 2019
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains
Africa’s CEOs groping for growth opportunities amid economic uncertainties, says new report
Businessam StaffSeptember 5, 2019
A new research has found that African business leaders are less optimistic about the strength of the global economy and their
US bond yields ticks slightly higher as U.S.-China agree to hold “high-level” talks in October
Businessam StaffSeptember 5, 2019
US bond yields have responded slightly to the news of China and the United States agreeing to hold high-level trade talks in early
China, U.S. to hold trade talks in October; Beijing says phone call went well
Businessam StaffSeptember 5, 2019
China and the United States on Thursday agreed to hold high-level trade talks in early October in Washington, amid fears that an
U.S. imposes duties on structural steel from China, Mexico
Businessam StaffSeptember 5, 2019
The U.S. commerce department said it imposed duties on Chinese and Mexican structural steel after making a preliminary determination
Nigeria, among shareholders to benefit from Japan MUFG Bank’s incoming Africa corporate, project, sovereign financing
Businessam StaffSeptember 4, 2019
Ben Eguzozie, with wire copy Nigeria and other shareholders of the $13.4 billion Africa Export-Import Bank (Afreximbank), pan-African
Lagarde clears key hurdle in becoming next ECB chief
Businessam StaffSeptember 4, 2019
Christine Lagarde took a major step towards becoming the European Central Bank’s next president on Wednesday, securing the backing of