Category: commodity markets
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World lenders mulling $4.5b financing for Reko-Diq huge gold, copper deposits
Considering the huge mineral potential and future cash flow prospects of Reko-Diq Copper and Gold Mining project, international lending institutions have indicated their interest with potential financing quantum of almost $4.5 billion for the project. The engagement with project lenders to secure debt financing for the project is at an advanced stage and third party…
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Karachi Transporters on Notice: Crackdown Looms for Overcharging
The commissioner of Karachi, Syed Hassan Naqvi, led a significant gathering where notable attendees included Secretary Transportation Asad Zamin, Deputy Inspector General of Traffic Peer Muhammad Shah, Additional Commissioner for Karachi-I Ghulam Mehdi Shah, Senior Director at the Traffic Engineering Bureau Yousuf Iqbal, district magistrates, the secretary from the Regional Transport Authority, representatives from the…
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How Kenyan Billionaire Stanley Githunguri Shared His $20 Million Fortune
Stanley Githunguri was a affluent Kenyan political figure who represented Kiambaa as a Member of Parliament between 2007 and 2013. The 77-year-old entrepreneur passed away leaving multiple properties and business interests estimated at KSh 1.8 billion upon his demise. He designated his daughters Lilian Joy Nyagaki and Claire Njeri as both the trustees of his…
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How Can Farmers Outsmart Unscrupulous Market Negotiators?
NATURAL resources like land, water, labour and a favourable climate can enable many people to produce diverse agricultural commodities. However, the biggest challenge for all farmers across the world is mastering market dynamics and what to do with excess produce. This challenge is worse in developing countries where markets are characterised by bad-faith negotiation. Bad…
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Simtel Team: Romanian Tech Firm Seeks to Issue €30M in Corporate Bonds
The Simtel Team (SMTL), an engineering and technology company listed on the main market of the Bucharest Stock Exchange and a top player in renewable energy within Romania, plans to raise EUR 30 million through the issuance of corporate bonds. The company’s leadership has scheduled an EGM (Extraordinary General Meeting) of shareholders for April 24-25,…
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China’s Next Major Crisis Is Imminent
Here’s what you should be aware of: The professor added that the CCP finds itself trapped in an endless loop of internal conflicts, with the key uncertainty being which side will make the initial move. Should Xi Jinping wish to salvage his position, he might have no choice but to renounce communism. China’s property market…
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Popular Streaming Service Faces Axing Amid $1 Billion Losses and Poor Ratings
A widely-used streaming platform famous for its successful series like Severance and Ted Lasso might be close to ceasing operations. The Apple TV+ high-end subscription service reportedly incurs losses of more than $1 billion annually, as stated in a report released on March 20. The Information . A portion of these losses stems from the…
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GM and Hyundai Accelerate Electric Van and Truck Ambitions
The major automotive companies are looking into a wide-ranging collaboration spanning various vehicle types and electric vehicle batteries. A downturn in Tesla’s sales could provide a competitive edge to its competitors, yet both General Motors and Hyundai are not seeking effortless victories. Rather, these companies are intensifying their electric vehicle initiatives and collaborating on upcoming…
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Homeowner Reveals Secrets: How He Built His Dream House on a Tiny Budget
Entrepreneur Mubita C. Nawa has recounted the story of constructing his ideal home, a process that began more than ten years ago. He lacked immediate funds, so he decided to construct it gradually according to his modest earnings. A neighbor, who appeared to always have ample funds, disapproved of his velocity yet found himself stranded…
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GPHA and Burkina Faso Strengthen Trade Ties: An International Edition Update
By Evelyn Arthur The Acting Director-General of the Ghana Ports and Harbours Authority (GPHA), Brigadier General Paul Seidu Tanye-Kulono, welcomed a senior delegation from the Burkinabe government to the organization’s main offices. Led by Ghana’s Special Envoy to the Alliance of Sahel States (AES), Colonel (Retired) Larry Gbevlo-Lartey, the delegation comprised several key figures from…