By Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rose for the sixth month in a row in June, to 22.79% year-on-year from 22.41% in May, putting pressure on t[...]
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Africa
Yellen ‘eager’ to work with China on debt, other global challenges
By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including[...]
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UN agency calls for debt pause option as poverty rates rise
By Emma Farge and Marc Jones GENEVA/LONDON (Reuters) – A United Nations agency urged global finance ministers to give poor countries debt repayment breaks, estimating the COVID-19 pandemic and s[...]
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EM portfolios see $22 billion foreign inflow in June -IIF
NEW YORK (Reuters) – Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its sixth consecutive month of outflows[...]
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Global public debt hits record $92 trillion – UN report
By Jorgelina do Rosario LONDON (Reuters) -Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being fel[...]
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Ghana inflation edges up to 42.5% in annual terms in June
ACCRA (Reuters) – Ghana’s consumer inflation edged up again to 42.5% in annual terms in June from 42.2% in May, driven partly by higher food inflation, data from the statistics service sho[...]
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S&P Global’s top economist sees dollar dominance diminishing
LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such[...]
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IMF’s Georgieva expects global growth around 3% for next five years
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well belo[...]
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Countries repatriating gold in wake of sanctions against Russia – study
By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Inves[...]
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