Article content ADDIS ABABA — Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. Prime Minister Abiy Ahmed’s government has promised to open up sectors previously controlled […]
Article content A pioneer of artificial intelligence said he quit Google to speak freely about the technology’s dangers, after realizing computers could become smarter than people far sooner than he and other experts had expected. “I left so that I could talk about the dangers of AI without considering how this impacts Google,” Geoffrey Hinton […]
Article content Gold reversed course to gain, heading into the U.S. session, on Monday, as traders assessed risks from the collapse of the First Republic Bank in the run-up to the Federal Reserve’s rate hike decision this week. Spot gold was up 0.7% at $2,003.99 per ounce by 9:00 a.m. EDT (1300 GMT), after hitting […]
Article content ABIDJAN — Below average rainfall across most of Ivory Coast’s cocoa-growing regions last week has not affected crops as harvests pick up, farmers said on Monday. The world’s top cocoa producer is in the midst of the rainy season, which runs from April to mid-November. Rains are usually abundant and heavy during this […]
Article content HOUSTON — U.S. crude oil exports rose more-than-expected last month, building on a record 4.5 million barrels per day in March, as Chinese refiners snapped up cargoes to meet rising fuel demand, according to ship tracking data and analysts. U.S. crude exports rose by 22% last year from 2021 after Russia’s invasion of […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Joyce Zhou Published Apr 30, 2023 • 2 minute read Join the conversation Article content MACAU — Hundreds of thousands of mainland Chinese visitors have descended on the world’s biggest gambling hub of Macau for the Labour Day holiday, packing tightly into its narrow cobblestone […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Lewis Krauskopf Published Apr 30, 2023 • 3 minute read Join the conversation Article content NEW YORK — Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. The S&P 500 is up […]
Article content MUMBAI — India’s market regulator has asked for a six-month extension to complete its probe into possible lapses in securities market laws and regulatory disclosures by billionaire Gautam Adani’s Adani group, according to a court document seen by Reuters. The Securities and Exchange Board of India (SEBI) filed its request with the Supreme […]
Article content OTTAWA — The Canadian economy grew 0.1% in February from January, less than expected, and gross domestic product likely contracted in March, Statistics Canada data showed on Friday. Analysts had forecast a 0.2% rise from an upwardly revised 0.6% growth in January. March GDP was most likely down 0.1%, Statscan said in a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Gertrude Chavez-Dreyfuss Published Apr 28, 2023 • 2 minute read Join the conversation Article content NEW YORK — The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to […]