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Deficits in the US, China will hurt global economy
The US will record a fiscal deficit of 7.1% in 2025, over three times the 2% average clocked in by…
Activity in China’s capital markets is on a downward spiral
Mainland IPOs along with follow-on and convertible share offerings fell to the lowest number ever recorded in the first four…
European Central Bank will likely cut rates this summer
The ECB kept rates unchanged when it met last Thursday
Faster approvals, simpler structure, and more impact will be hallmarks of World Bank, its chief says
The group wants to cut its 19-months approval process by a third by mid 2025
Africa’s private capital took a hit in 2023 amid global investment slump
Private capital activity declined 22% y-o-y, with only 450 transactions in 2023
Goldbug nation
Plus: Rate watchers on both sides of the Atlantic are tripping over themselves trying to suss out when the cuts…
Gold prices hit fresh high
The ongoing surge in gold prices has been driven by central banks increasing their gold purchases
Trump’s Truth Social plummets as financials show massive losses
The company went public on the Nasdaq with a Spac last week
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