SHANGHAI: China’s yuan eased against the dollar on Thursday, as signs of further deterioration in economic activity hurt investor confidence, even as the central bank lifted its daily guidance for the currency to a new three-month high. The economy lost more steam in November as factory output slowed and retail sales extended declines, both missing … Read more
By Stephen Nakrosis Moody’s Investors Service said Friday it was downgrading Nigeria’s local currency and foreign currency long-term issuer ratings to B3 from B2, and placing them on review for downgrade. Moody’s also lowered its rating on the country’s foreign currency senior unsecured debt ratings to B3 from B2, similarly placing them on review for … Read more
Let us discuss inflation and currency deterioration and how we can build financial defenses for our wealth. In this presentation, I will explain how you can build a resilient economic playbook that mirrors Nigeria 1994 World Cup team. I will explain how you can have Eguavoen, Keshi, Iroha and Okechukwu in your defense with Rifai … Read more
Increasingly dire forecasts for the global economy will see last-minute downgrades to Australia’s economic figures in next week’s federal budget, with the treasurer, Jim Chalmers, warning of “an increasingly perilous path” for world markets and key trading partners. The budget will forecast the UK economy to contract by 0.25% in 2023 and the US to … Read more