Canada named world’s most cashless society as study claims switch to digital payments boosts economy
Businessam StaffOctober 16, 2017
Canada has been adjudged number one in the ranking of world’s most cashless societies, according to studies as reported by the
Watching inflation closely but economy is strong, says US Fed’s Yellen
Businessam StaffOctober 16, 2017
The US economy remains strong and the strength of the labour market calls for continued gradual increases in interest rates despite
0Asia
China’s anti-pollution drive will hit economic growth, raise prices, economist says
Businessam StaffOctober 2, 2017
China’s drive to cut pollution could reduce economic growth by 0.25 percentage points in the next six months while boosting factory
Ravio Entertainment, Angry Birds maker, pitches IPO price at €11.50 high
Businessam StaffSeptember 28, 2017
Rovio Entertainment has priced its stock market flotation at the top of its price range as investors showed strong interest in the
0Asia
Saudi Arabia raises $12.5bn from dollar bond sale to bolster budget
Businessam StaffSeptember 27, 2017
Saudi Arabia is raising $12.5 billion from its second dollar bond sale this year as the kingdom taps debt markets to bolster its
0Asia
Dubai economy launches partnership to expedite emCash
Businessam StaffSeptember 26, 2017
The partnership brings Emcredit, a subsidiary of Dubai Economy, and the UK-based Object Tech Grp Ltd together under the Dubai Economy
Bank of Ghana holds key rate at 2015 low as inflation rose in August from lowest in 4 years
Businessam StaffSeptember 26, 2017
Ghana’s central bank kept its key lending rate at the lowest since 2015 after inflation accelerated for the first time in four months.
Fears grow as Zimbabwe returns to excessive currency printing
Businessam StaffSeptember 26, 2017
Robert Mugabe’s latest economic experiment is making Zimbabwe’s stocks the world’s best performers for all the wrong reasons. And
Zimbabwe signs up for $600mn credit line from Afreximbank
Businessam StaffSeptember 25, 2017
Zimbabwe will access a $600 million credit line from African Export-Import Bank in an effort to stave off a foreign-currency shortage
Rwanda’s GDP growth slows to 4%
Businessam StaffSeptember 25, 2017
Rwanda’s economy grew by four percent year-on-year in second quarter 2017, from 7.5 percent in the same period a year ago, the