Dangote Refinery Switches to Dollar Pricing, Ending Naira Sales of Refined Oil in Nigeria
Nigeria’s Dangote Refinery ends naira pricing for oil products, forcing buyers to pay in dollars and raising costs for Africa’s largest economy.
Nigeria’s Dangote Refinery ends naira pricing for oil products, forcing buyers to pay in dollars and raising costs for Africa’s largest economy.
The pound rallied after Deutsche Bank's Saravelos said Burnham rhetoric is buoying sterling, highlighting political factors in currency markets.
Philippine outsourcing leaders cut growth targets as generative AI threatens the nation's BPO workforce, dimming the outlook for a sector that drives…
A sharp rise in oil prices prompted traders to boost rate-hike expectations for the BOE and ECB, lifting the euro and pound…
Deutsche Bank says the Chinese yuan is still cheap versus the euro despite recent gains, signaling further appreciation potential.
The Philippine peso slides toward a record low against the dollar as climbing oil prices raise import costs, threatening monetary stability.
RBNZ's Conway warns of sticky inflation that may force more interest rate hikes, boosting the New Zealand dollar and pressuring NZ bond…
Apollo’s Torsten Slok warns the US dollar is vulnerable to a sharp pullback if the AI stock boom falters, citing heavy foreign…
Standard Chartered predicts slower Nigerian interest rate cuts as rising inflation expectations reduce the scope for monetary easing, supporting the naira and…
The Philippine peso's rally is set to reverse as seasonal selling flows weigh on the currency, strategists caution, pointing to historical patterns…
Traders face a dollar-bullish, bond-bearish landscape as macro drivers push the greenback higher and Treasury yields up, challenging fixed-income allocations.
ECB's Fabio Moulin says AI adoption may heighten inflation volatility, creating fresh challenges for rate-setters and keeping markets on edge over the…