The pound plunged Friday as the surprise election setback to Prime Minister Theresa May injected uncertainty into Britain’s negotiations with the European Union over Brexit. But London equity markets gained on the drop in the British currency, along with bourses in Paris and Frankfurt. Stocks were mixed on Wall Street, with the Dow climbing to … Read more
The pound climbed Wednesday on the eve of the British general election, while oil prices fell hard after a US inventory report suggested weak demand in the world’s biggest economy. Global equity markets were mixed with European bourses retreating, Tokyo flat and New York scoring modest gains. Traders across the world have been cautious ahead … Read more
Ghana has had to scrap its 4th Eurobond sale in as many years after investors virtually rejected the bond by demanding astronomic rates amid concerns on the health of the economy. A statement issued by the Finance Ministry announcing the scrapping of the Bond stated, “the Government will continue to build on this dialog with … Read more