Category: Money
World Money and Markets in the news
FedEx Gives Better-Than-Expected Forecast on Cost Cuts
FedEx forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next…
Nvidia Rout, Blinken-Gallant, Ghana Debt | Horizons Middle East & Africa June 25, 2024
Nvidia’s three-day rout wipes off $430 billion in value, dragging Wall Street with it, while Asian stocks shrug off worries…
Nigeria Has Seen Worst of Naira Volatility, Central Bank Says
Nigeria’s central bank Governor Olayemi Cardoso said the bank is “relatively pleased” with the progress it has made in stabilizing the naira and believes…
Bloomberg Brief (06/25/2024)
“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. Today’s guests: Mark McCormick, TD…
Nigeria Will Do ‘Whatever It Needs’ to Control Inflation: Cardoso
Central Bank of Nigeria Governor Olayemi Cardoso says the monetary policy committee “will do whatever it needs to do to…
Market Pullback Coming as Momentum ‘Starting to Fall,’ Says Academy’s Tchir
Peter Tchir, head of macro strategy at Academy Securities, says he is expressing his bets on geopolitical risk via commodities…
Ghana’s Debt-Revamp Deal With Eurobond Holders Confirmed
Ghana bondholders to forgo about $4.7 billion of their claims, nation says in statement. Simon Quijano-Evans, Gemcorp Capital Chief Economist,…
AI Tech Giant Nvidia’s $430B Wipe-Out; France’s Airbus Tumbles | Bloomberg The Pulse 06/25/24
Shares of Nvidia fluctuated in premarket trading on Tuesday following a 13% fall over three days that wiped out about…
Global Electricity Demand to Double in Next 20 Years, Actis Chairman Says
Actis Capital Chairman and Senior Partner Torbjorn Caesar says there remains vast investment opportunity in the energy transition space as…
‘French Support for Ukraine Not Ironclad’- Former NATO Policy Chief Says
Fabrice Pothier, CEO of political consultancy firm Rasmussen Global, says France’s fractious politics could make it difficult for Paris to…