Zambian Inflation Hits 26-Month High as Currency Rout Returns
Zambia’s annual inflation rate climbed to a 26-month high and may continue to increase as a record drought in parts of the country and renewed weakness in the currency lifts prices.
Zambia’s annual inflation rate climbed to a 26-month high and may continue to increase as a record drought in parts of the country and renewed weakness in the currency lifts prices.
The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.
Cnooc Ltd. saw profits hit a record in the first quarter as the offshore driller continued to increase output amid slightly lower global crude prices.
Malaysia’s Khazanah Nasional Bhd. and two other funds will invest up to 3 billion ringgit ($627 million) in startups in Southeast Asia.
Technology stocks led declines in US equity futures Thursday after Meta Platforms Inc.’s disappointing outlook underscored the risk of volatility in a high-stakes earnings week.
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