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China Is Defanging the Dollar, Not Dethroning It

Countries like Russia and Iran can settle transactions using the yuan – but those proceeds remain trapped in China by Beijing's design.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Qatar searches for strategic LNG hedge

QatarEnergy has adopted the “Hormuz shuttle” tactic used by regional crude exporters.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Nigeria’s state oil company mulls IPO

The listing would be the second major energy IPO in Nigeria after that of the Dangote refinery, which sought to raise $1.6 billion.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Kenya’s growth undercut by corruption, says World Bank

The bank warned that graft could raise Kenya’s borrowing needs, adding pressure to an already strained debt burden.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Senegal budget row extends IMF deal uncertainty

Lawmakers reject the government’s $13 billion plan which included a cut to public investment.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
How big money lost the 2026 midterms

Elon Musk’s record midterm spending and Vivek Ramaswamy’s run for Ohio governor both failed on election night, and the AI buildout now faces its own p...

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Fuel price shock: Why developing economies are paying the most at the pump

When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world’s develo...

Nov 04, 2026 · Staff
Originally on Wedgetail
News
South Africa downplays AGOA blow

Washington said on Monday that Pretoria would be removed from the program that allows products to enter the US duty-free.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Stocks and bonds up on Democrats' midterms victory

Though the results mean control of the government will be divided, markets “like gridlock,” a Morgan Stanley executive told CNBC.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Meta launches debut euro bond, joining other hyperscalers

Tech stocks have sagged as investors grow concerned over their ballooning debt piles at a time of rising interest rates.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Russia Hikes Tariffs on Spirits From ‘Unfriendly’ Countries

The 35% import duty applies to whiskey, rum, gin, liqueurs, brandies, tinctures and undenatured ethyl alcohol, with a minimum tariff of 5 euros.

Nov 04, 2026 · Staff
Originally on Wedgetail
News
Naftogaz and US sign off on oil & gas alliance

Naftogaz and the U.S. State Department have sealed a strategic energy deal to drive growth in Ukraine's oil and gas sector.

Nov 04, 2026 · Staff
Originally on Wedgetail