Explainer: What is pushing the Nigerian naira to record lows?

Explainer: What is pushing the Nigerian naira to record lows?

A man counts Nigerian naira banknotes at a market in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Acquire Licensing Rights ABUJA, Oct 27 (Reuters) – The Nigerian naira is on the brink of breaching the 1,000-per-dollar level after falling to an official record low of 999 last week, according to Refinitiv data tracking its …

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Oil falls more than 1% on weaker economic outlook

Oil falls more than 1% on weaker economic outlook

[1/2]In an illustration taken on September 4, 2022, you can see the word “oil” and a stock chart through a magnifying glass. REUTERS/Dado Ruvic/Illustration/File Photo Acquisition of licensing rights Investors are monitoring the development of the Israel-Hamas conflict US oil stocks increased more than expected – EIA Macroeconomic concerns weigh in NEW YORK, Oct 26 …

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China’s new bonds are aimed at helping economic recovery, an official says, as its budget deficit widens

China's new bonds are aimed at helping economic recovery, an official says, as its budget deficit widens

In an illustration taken on February 10, 2020, Chinese yuan banknotes can be seen behind a highlighted stock market graph. REUTERS/Dado Ruvic/Ilustracja Acquisition of licensing rights BEIJING, Oct 25 (Reuters) – China’s new government bonds will help shore up the economic recovery, China’s Vice Finance Minister Zhu Zhongming said on Wednesday, as the government’s stepped-up …

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Britain says change in pension funds needed to improve returns

Britain says change in pension funds needed to improve returns

Britain’s Chancellor of the Exchequer Jeremy Hunt leaves Downing Street in London, Britain September 13, 2023. REUTERS/Toby Melville/File photo acquire license rights LONDON, Oct 25 (Reuters) – Britain will not force pension funds to consolidate or invest in high-growth companies, but changes must be made to the sector to offer retirees better long-term returns term, …

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Visa’s profit beats estimates for post-pandemic travel growth

This photo shows Visa credit and debit cards, taken on August 2, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing Rights Cross-border freight volumes are growing due to continued travel demand The strong results signal consumer resilience Visa’s Q4 adjusted EPS of $2.33 beats estimates of $2.24 Oct 24 (Reuters) – Card giant Visa (VN) beat estimates …

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China, as expected, is leaving benchmark lending rates unchanged

China, as expected, is leaving benchmark lending rates unchanged

A woman walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China, September 28, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing Rights SHANGHAI/SINGAPORE, Oct 20 (Reuters) – China left benchmark mortgage rates unchanged at Friday’s monthly fixing, in line with market expectations as a set of economic data suggests …

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