BUSA Backs 2026 Budget but Calls for Faster Growth and Municipal Reform
BUSA supports the 2026 budget but urges faster growth and stronger municipal reforms to address unemployment and inequality.
Economy
Cross-border payments backbone of international monetary, financial systems – Cardoso
Cross-border payments have become the backbone of the international monetary and financial system, Nigeria's Central Bank Governor Yemi Cardoso declared Thursday. He called for digital reforms to slash costs and boost inclusion in developing economies.
New home sales outpace forecasts, signaling strength in housing market By Investing.com
New single-family home sales in the US jumped to a 745,000 annualized rate last month, topping economist forecasts of 732,000. The surge from June's 656,000 rate points to renewed buyer demand in the housing sector.
Partnered prosperity in a Globalist Gambit: Mapping India’s trade ascent
India's economy will expand by 6.2 percent in 2026-27 and 6.4 percent in 2027-28, the OECD forecasts in its latest Economic Outlook. The projection comes as New Delhi seals free trade agreements with economic powerhouses to counter U.S. tariffs and global trade fragmentation.
Kenya floats twin dollar bond to buyback debt as rates drop
Kenya launched a buyback offer for up to $500 million of its Eurobonds due in 2028 and 2032, funded by new dollar-denominated bonds amid declining yields. The move targets $150 million of the 2028 notes and $350 million of the 2032 notes, with premiums to lure investors.
Over 100 Shipowners Vie For $700m Cabotage Fund – Daily Trust
More than 100 indigenous shipowners in Nigeria have applied for shares of the $700 million Cabotage Vessel Financing Fund since its portal opened. Officials at the Nigerian Maritime Administration and Safety Agency say demand exceeds available funds, with disbursements likely on a first-come, first-served basis.
Guwahati Terminal Expansion Boosts Assam’s Aviation Capacity to 13.1 Million
The new terminal at Lokapriya Gopinath Bardoloi International Airport in Guwahati has increased the region's aviation capacity to 13.1 million passengers annually, enhancing connectivity across North East India and beyond.
Economic Data Alphabet Soup on the Menu: FOMC Minutes, GDP, PCE, PMIs, UMich | Investing.com UK
Traders face a packed U.S. economic calendar this week highlighted by Federal Open Market Committee minutes on Wednesday afternoon, followed by fourth-quarter GDP and PCE inflation figures Friday morning. Flash PMIs and a final University of Michigan consumer sentiment reading will round out the data releases amid shifting market expectations for Federal Reserve rate cuts.
Chicago Fed’s Goolsbee Cautious on Further Rate Cuts Amid Persistent Inflation
Chicago Federal Reserve President Austan Goolsbee emphasized that the central bank will not proceed with further interest rate cuts unless there is clear evidence of progress in reducing inflation.
FOMC Minutes, PCE Data to Influence Crypto as Rate Cuts Loom
FOMC minutes and key economic data this week could shift expectations for Federal Reserve rate cuts, impacting crypto markets.
Fed Rate Decision Odds Near 96.5% After Court Blocks Trump Tariffs
Traders now assign a 96.5% probability to the Federal Reserve keeping interest rates unchanged, despite a recent court ruling blocking former President Trump’s tariffs.
Central Bank Speeches Outperform Rate Decisions in Market Impact
Central bank speeches often influence financial markets more than official rate decisions, according to analysis of recent communication patterns.
UK Workers Optimistic on Most Life Aspects Except Retirement
UK employees report their highest optimism levels in five years across finances, work and health, but remain gloomy about retirement planning. Fidelity International's survey of 1,000 UK workers shows overall optimism at 54% in 2025, up from 52% last year.
IMF Praises Malta Economy, Urges Fiscal Reforms and Model Upgrade
Malta's economy grew faster than the EU average in 2024 despite global headwinds, the International Monetary Fund reported. Fund officials called for structural reforms to sustain long-term growth amid slowing expansion.
IMF Urges Trinidad Reforms Amid Weak Growth Outlook
The International Monetary Fund projects Trinidad and Tobago's GDP to grow just 0.8 percent in 2025 and 0.7 percent in 2026, urging the government to enact decisive structural reforms. Officials warn that persistent policy conflicts threaten foreign reserves and sustainable recovery.