The Evergrande headquarters, left, stands in Shenzhen, China, Friday, Sept. 24, 2021. Seeking to dispel fears of financial turmoil, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt, saying they can cope with a potential default. (AP Photo/Ng Han Guan) Associated Press

A person walks past the Bank of England in the City of London financial district, in London, Britain, June 11, 2021. REUTERS/Henry Nicholls Reuters By David Milliken Britain’s central bank looks set to keep interest rates steady later on Thursday as it approaches the end-point of its 895 billion pound ($1.22 trillion) asset purchase programme

Public Debt Management Office Director General Haron Sirima. By Business Daily Africa Kenya is considering using funds from the International Monetary Fund (IMF) to repay Chinese loans after it dropped an earlier request to defer debt payments. The Treasury says it could use its additional allocation of IMF reserves in Special Drawing Rights (SDR) assets,

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Sept. 21, 2021. Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. (AP Photo/Vincent Yu) Associated Press By YURI KAGEYAMA TOKYO

A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, Sept. 20, 2021. Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with both Tokyo and Shanghai closed. (AP Photo/Vincent Yu) Associated Press By DAMIAN J.

President Uhuru Kenyatta with British Prime Minister Boris Johnson in July. By Daily Nation The government will get a percentage of the cash that Kenyan nurses will make in the UK following the deal made by President Uhuru Kenyatta and Prime Minister Boris Johnson in July. The deal is similar to the one made by

By Anadolu Agency Soaring natural gas prices are also limiting downward trend in crude Oil prices decreased on Friday over a stronger dollar, which hit a three-week high on Friday, however, declines were limited due to the slower-than-expected supply recovery following two hurricanes in the US. International benchmark Brent crude was trading at $75.43 per

By Anadolu Agency Gary Gensler says Chinese firms could be prohibited trading from markets if they fail to comply with regulations The US’ Securities and Exchange Commission (SEC) Chairman Gary Gensler warned that Chinese firms might be kicked out of American stock exchanges in 2024 unless they comply with regulations. The head of the US

By Anadolu Agency Pharmacy sector takes lion share with $110.6B The European Union posted a 7% decline in high-tech product sales in 2020 to stand at €311 billion ($354.5 billion), the bloc’s statistical department said on Tuesday. Despite this decrease, sold production of these products had been rising since 2010, with an average annual increase

Sportpesa CEO Ronald Karauri. By Business Daily Africa The UK government is set to inherit Sh2 billion worth of assets held by Liverpool-based SPS Sportsoft Limited, a gambling software and support services firm which has the same shareholders as SportPesa. The company’s biggest client, Kenya-based Pevans East Africa Limited, ceased operations in 2019 after the