Latest posts
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Nigerian Startup Bets Big on Drones
As drone attacks become increasingly common across the Sahel, Nigerian startup Terra Industries is expanding into Ghana and scaling production of drone and counter-drone systems. Backed by $34 million from investors including Palantir co-founder Joe Lonsdale and Lux Capital, the…
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China, New Zealand Hold Trade Talks to Deepen Cooperation
China and New Zealand held a bilateral trade commission meeting in Beijing on Friday, where officials exchanged views on deepening economic ties and cooperation in regional and multilateral frameworks.
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HKMA Says It’s Implemented New Bank Rules for Opening Accounts
Hong Kong has implemented guidelines for banks similar to the new regulatory requirements for brokers on managing mainland Chinese customers’ accounts, the Hong Kong Monetary Authority said.
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Indonesian Officials Vow Again to Steady Rupiah, Draw Funds
Indonesia’s finance and central bank officials said they will step up efforts to stabilize the currency and attract inflows after a week where the nation’s stocks tumbled at the fastest pace worldwide and its currency sank to all-time lows.
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Second US Screwworm Case Confirmed in Texas by USDA
A second case of the deadly New World screwworm parasite has been confirmed in a Texas calf, heightening fears of a broader outbreak that could impact the US beef business.
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US Drops $300 Million Fraud Case That Spotlighted Brian Kahn
US prosecutors dropped a $300 million fraud indictment against a former executive at Prophecy Asset Management accused of working with Brian Kahn, the disgraced founder of Franchise Group Inc., to cheat investors in their hedge fund.
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Raizen Inks $13 Billion Out-of-Court Debt Deal With Creditors
Raizen SA reached an out-of-court restructuring agreement with the majority of its creditors, marking a key step in the Brazilian sugar-and-ethanol producer’s efforts to rework its debt, according to people familiar with the matter.
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KPMG Chief Economist Discusses Fed Rate Hike Expectations
Diane Swonk, KPMG Chief Economist, analyzed the current economic landscape, highlighting how improvements in the labor market and persistent service sector inflation are driving hawkish sentiment among Federal Reserve officials. She noted that bond market pricing reflects expectations of a…
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Jan de Nul Wins Contract to Dig Argentina’s $10 Billion Waterway
Belgian dredger Jan de Nul NV and local partner Servimagnus SA won a 25-year contract on Thursday from Argentina’s government to upgrade the nation’s chief trade route in a concession overshadowed by accusations of Chinese influence.
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Indonesia Denies Rumors of Finance Minister Change
Indonesia has denied rumors of a plan to change the finance minister that circulated among market participants on Thursday.
