Big investors shift away from US markets
Donald Trump’s trade war and rapidly mounting government debt have shaken confidence in American assets
Economic news
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Nigeria’s PalmPay thrives on ‘ultimate competition’ of cash
Chinese-backed payment app has focused on customers excluded by traditional banks, growing to 35mn users
Trade war a bigger challenge for EM central banks than Covid, says IMF’s Gopinath
Fund deputy warns policymakers are ‘steering through the fog’ as they weather Donald Trump’s unpredictable tariffs
Most companies are already raising prices or plan to because of tariffs, data shows
Two different surveys show most firms plan to pass along tariff costs to consumers.
Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring
The report noted that “economic activity has declined slightly since the previous report” released April 23.
Glencore-backed Cobalt Holdings scraps planned London listing
Metal investment company pulls IPO weeks after announcing plans for $230mn share offering