Internewscast

Tag : Economy

African News Health

Mauritius declares state of emergency on environment after oil spill

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Mauritius’ Prime Minister Pravind Jugnauth declared a state of environmental emergency on Friday as the Indian ocean island battled to contain an oil spill. The...
Business

Oil slips below $45 on-demand concerns, set for weekly rise

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Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases. Although a...
Business Finance

Dollar slips as yields dive on recovery worries

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The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan. This is as the latest coronavirus relief package stalled in Congress...
Business

Former CBN director urges government to intensify efforts to strengthen nation’s economy

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Dr Titus Okunrounmu, a former Director, Budgetary Department of the Central Bank of Nigeria (CBN) has called on the Federal Government to redouble efforts in...
Business

China’s manufacturing sector shows strong recovery – survey

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China’s manufacturing activity expanded in July at the fastest pace in almost a decade, according to a private survey released on Monday, though employment continued...
African News

OECD: South Africa economy could contract 8.2% if second coronavirus wave hits

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South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and...
Business Finance

South Africa’s central bank plans more reverse bond repurchases

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South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks,...
African News

Zimbabwe clears streets, shops close ahead of planned protests

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Zimbabwe’s security forces on Thursday cleared people off streets of the capital Harare and forced shops to close, a day before planned anti-government protests during...
Business Finance

Kenya central banker says still has ‘plenty of firepower’

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Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy. Policymakers...
Business

Reps: Capital market can rescue Nigeria’s economy from collapse

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The House of Representatives disclosed that a capital market is a viable option that should be utilized to rescue the Nigerian economy from collapse, especially...