World Bank lifts Kenya’s growth forecast on construction sector optimism
NAIROBI, Nov 24 (Reuters) – The World Bank lifted Kenya’s economic growth forecast for this year to almost…
Investors eye holiday season turbulence amid AI and rate cut doubts
S&P 500 down 4% from Oct record high, Nasdaq off 7% from peak Volatility rising, indexes see biggest…
UAE announces $1 billion initiative to expand AI in Africa
JOHANNESBURG, Nov 22 (Reuters) – The United Arab Emirates said on Saturday it will invest $1 billion to…
Dollar hedging frenzy fades, bringing relief to greenback
Investor hedging of dollar exposure has slowed, traders say Development supports case for dollar recovery BNY client data…
Top ECB officials urge EU to remove internal barriers amid Trump tariffs
Item 1 of 3 European Central Bank President Christine Lagarde delivers her keynote speech at Euro Finance Week,…
Energy bills to edge higher for most Britons after 0.2% price cap rise
Ofgem increases domestic price cap by 0.2% due to higher policy costs Government under pressure to unveil measures…
Jitters over AI spending set to grow as US tech giants flood bond market
Tech giants’ bond issuance raises market absorption concerns Investors demand premiums for new tech bond deals AI spending…
AI boom brings fresh risks to US markets, and more money to M&A
Citadel’s risk models show modern markets amplify shocks, volatility spikes hit harder McKinsey estimates $7 trillion needed for…
BoE’s Pill does not expect much shift in rate view given high pay growth
LONDON, Nov 18 (Reuters) – Bank of England Chief Economist Huw Pill said on Tuesday that he did…
POLL Bank Indonesia to hold rates steady at 4.75% on November 19, cut next month
A majority of economists, 24 of 30, expect rates to be on hold at 4.75% on November 19…
As wellness trends go upscale, Nestle’s mass-market vitamins lose some shine
Nestle may face challenges in selling underperforming vitamin brands Mass-market vitamins are falling out of favour Consumers prefer…
US construction spending rebounds in August
WASHINGTON, Nov 17 (Reuters) – U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as…