Business and Economy

Business and Economy Latest News

Kenya's central bank chief says currency overvalued
Kenya's central bank chief says currency overvalued
by  AFP

Kenya's central bank chief has said that the country's currency, currently trading at record lows, has been overvalued for several years. "I think for several years now we have had an overvalued exchange rate," Central Bank of Kenya governor Kamau Thugge told a parliamentary committee on Tuesday.

Some S.African miners return to surface after underground dispute
Some S.African miners return to surface after underground dispute
by  AFP

Some of the miners who stayed underground for more than two days in a standoff between rival South African labour unions began returning to the surface Wednesday, their representatives said. So, we couldn't allow workers to stay underground without food," he said.

Santander racks up another record quarter
Santander racks up another record quarter
by  AFP

Spanish lender Banco Santander announced Wednesday another record quarterly profit thanks to high interest rates and a growing customer base. The rise in global interest rates has been a boon for most banks, including Santander, as it has increased margins on their lending operations.

Energy

Money

Industry

Technology

Economy