China’s push for a global yuan gains ground in one of Africa’s biggest oil economies
According to a directive issued by the Bank of Angola on July 2 and published on Thursday, banks can now use the […]
Canadian miner unveils $1 billion West African gold project with 60% projected return.
The Toronto Stock Exchange-listed miner said the study values the open-pit project at an after-tax net present value (NPV) of $1 billion, […]
Saudi Arabia Rushes Crude Exports Through Reopened Strait of Hormuz.
About 10 million barrels of Saudi crude have cleared the Strait of Hormuz in recent days, as supertankers continue to load oil […]
Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion.
Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy […]
Congo strikes diamond deal with Swiss firm to boost local diamond processing.
The Democratic Republic of Congo (DRC), Africa’s second-largest diamond producer, is taking another step toward capturing more value from its vast mineral […]
China factory activity grows faster than expected in June on tech export demand.
China’s manufacturing activity expanded faster than expected in June, with high-tech production climbing on demand tied to the global artificial-intelligence investment boom […]
Central Banks Plan to Cut Dollar Reserves as Gold and AI Gain Prominence.
Central banks around the world are planning to reduce their holdings of U.S. dollars over the coming decade for the first time, […]
Adani Targets 10 GW Nuclear Power Capacity in India by 2035.
Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting […]
Africa’s largest lender wins China approval to clear yuan payments across 19 African countries in major trade shift.
The People’s Bank of China (PBoC) has jointly authorised Standard Bank and the Industrial and Commercial Bank of China (ICBC) to operate […]
Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers.
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the […]
JPMorgan estimates $165B in equity selling and bond buying from June rebalancing
Every quarter, the world’s largest institutional investors look at their portfolios, notice the ratios are off, and start moving enormous piles of […]
Shipping stalls in Strait of Hormuz after Iran declares key waterway shut.
Shipping in the Strait of Hormuz has plunged following Iran’s announcement that it has closed the waterway once again over Israel’s strikes […]