The International Monetary Fund (IMF) has expressed optimism regarding Ghana’s ongoing negotiations with the Official Credit Committee (OCC) over its external debt restructuring. Julie Kozack, IMF’s Director of Communications, addressed this issue at a recent press conference in Washington DC, noting that the Ghanaian government has already finalized restructuring of…

The worlds of politics and finance duked it out for attention in lower Manhattan Tuesday as the multi-billion fraud trial of crypto-king Sam Bankman-Fried began just a block away from a court where the mortgage-fraud case against Donald Trump entered its second day. Both cases attracted their own media spectacles,…

BENGALURU (Reuters) – India’s factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, fell to…

The U.S. House of Representatives on Tuesday afternoon voted against killing a measure that would remove Speaker Kevin McCarthy from his post, setting the stage for a vote on it later in the day. There were 208 votes in favor of tabling the measure, or rejecting consideration of it, compared…

The Reserve Bank of Australia (RBA) maintained its steady interest rates for the fourth consecutive month on Tuesday, despite a recent rebound in headline inflation. This decision marks the first monetary policy action under new RBA Governor Michele Bullock, who succeeded Philip Lowe last month. The cash rate remains unchanged…

The chief of the Atlanta Federal Reserve said further increases in interest rates probably aren’t necessary to bring inflation back down to pre-pandemic levels. Raphael Bostic said the Fed can afford to be patient as long as inflation continues to slow. He spoke at an event Tuesday in Atlanta. The…

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin? It’s a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional assets. As crypto prices see-saw ahead of their next swerve, the market for “tokenization” – issuing blockchain-based digital…

International trade will be a key issue in the 2024 U.S. presidential campaign. Sadly, both the Republican and Democratic parties are taking positions on trade that will leave Americans in a perilous sitution. I doubt anyone would view GOP promises to cut or reform taxes as credible avenues to lowering deficits. If Republicans…

By Nell Mackenzie, Carolina Mandl and Marc Jones LONDON (Reuters) – Geopolitical tensions and a weakening economy are driving hedge funds to consider alternatives to investing in China. Turmoil in China’s property sector has rattled world markets and hurt the outlook for the world’s No. 2 economy. Many U.S.-based hedge…

HONG KONG (Reuters) -Shares of China Evergrande (HK:) jumped as much as 42% in volatile trade on Tuesday, days after the embattled developer said its billionaire founder was being investigated over unspecified crimes. Evergrande’s stock was suspended last Thursday after a report that its chairman and founder, Hui Ka Yan,…