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Nigeria: NNPC GMD Blames Fuel Scarcity, Hike in Diesel Price On Non Functionality of Refineries

Nigeria: Oil Industry Players Seek Special Forex Window for Modular Refineries Operators

Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari has attributed the current fuel scarcity and hike in the price of diesel to the non functionally of the refineries in the country. He also said that over 200 illegal facilities were operating in the country which had made matters worse. Appearing … Read more

Russia denies debt default, blames Western financial agents | Business and Economy News

Russia denies debt default, blames Western financial agents | Business and Economy News

Russia’s finance ministry asked foreign bondholders to speak directly to those withholding their payments. Russia has rejected claims that is has defaulted on its external debt for the first time in more than a century, telling investors to go to Western financial agents for the cash which Moscow claims was sent but bondholders did not … Read more

Was cash-strapped Sri Lanka duped by China in Hambantota Port? – Opinion

Was cash-strapped Sri Lanka duped by China in Hambantota Port? - Opinion

Two car-shipping carriers berthed at Sri Lanka’s Chinese-built Hambantota Port (AFP)   THE HINDU: The Chinese-built Hambantota Port has become a millstone around Sri Lanka’s neck, as the seaport has landed Colombo in a dragon debt trap and is commercially unviable, with little hope of traffic revival in … Read more

Sell-off continues; FPIs pull out Rs 46,000 cr from Indian equities in June so far amid monetary policy tightening and higher oil prices

Sell-off continues; FPIs pull out Rs 46,000 cr from Indian equities in June so far amid monetary policy tightening and higher oil prices

Continuing to desert Indian equity markets and Foreign investors pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices, and volatile rupee. The net outflow by foreign portfolio investors (FPIs) from equities reached Rs 2.13 lakh crore unitll now … Read more

Namibia: Forex Traders Can’t Afford Senior Lawyer

Nigeria: Oil Industry Players Seek Special Forex Window for Modular Refineries Operators

Forex traders Michael Amushelelo and Gregory Cloete have reached a financial crunch that they are now looking to the State to provide them with legal representation for their upcoming criminal trial. According to their lawyer Kadhila Amoomo, the pair could not come up with sufficient funds to enable them to appoint senior legal counsel of … Read more

Markets not braced for Japanese, Swiss cenbank liquidity drain: McGeever

Mixed Start Seen for Europe But Mood Generally Calm

ORLANDO, Fla., June 23 (Reuters) – If estimates that world markets face a record $4 trillion liquidity drain over the next 18 months are even close to accurate, hold on to your hats. That’s how much analysts at Morgan Stanley reckon G4 central banks – the U.S. Federal Reserve, European Central Bank, Bank of Japan … Read more

Zimbabwe: ‘Govt Working On Stabilising Economy’

Nigeria: Oil Industry Players Seek Special Forex Window for Modular Refineries Operators

THE Government will continue to create a stable operating environment for business to curtail price increases that have the negative effect of eroding the purchasing power of incomes while putting pressure on inflation, a senior official said. Retailers, on their part, said it was critical that all sector players remain responsible and desist from speculative … Read more

Chamisa says to introduce full dollarisation before bringing back local currency

Chamisa says to introduce full dollarisation before bringing back local currency

By Alois Vinga CITIZENS Coalition for Change (CCC) political party has effectively backed the need for Zimbabwe to adopt its own currency but maintained that such a strategy must only be implemented under a conducive environment. The question of whether Zimbabwe can sustain a full scale US$ economy has been a subject of debate for … Read more

KCS ALGO Is Using AI To Calculate The Patterns Of Ever-Changing Crypto Market

Stocks Seen Dented by Inflation Worries; Oil Jumps on Partial Embargo

The continued development of artificial intelligence might make it even simpler for beginners to begin trading cryptocurrencies. Many cryptocurrency exchanges in the market give users a chance to benefit from algorithmic trading. It is a very generous offer for those who don’t have the time to continuously monitor the market or don’t possess sufficient expertise … Read more