Ghana Delays Rate Announcement After Calling Emergency Meeting
It unexpectedly advanced a gathering of the monetary policy committee and declared it would hold an emergency meeting on Thursday — with an announcement of the outcome on Friday — and then changed its mind.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
BingEx Limited (NASDAQ:FLX) Has Found A Path To Profitability
With the business potentially at an important milestone, we thought we'd take a closer look at BingEx Limited's () future prospects. BingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. With the latest financial year loss of CN¥260m and a trailing-twelve-month loss of CN¥298m, the US$207m market-cap company amplified its loss by moving further away from its breakeven target. As path to profitability is the topic on BingEx's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts' expectations for the company. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. According to some industry analysts covering BingEx, breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of CN¥88m in 2025. Therefore, the company is expected to breakeven roughly 12 months from now or less. How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2025? Working backwards from analyst estimates, it turns out that they expect the company to grow 88% year-on-year, on average, which is rather optimistic! If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Given this is a high-level overview, we won't go into details of BingEx's upcoming projects, but, take into account that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. View our latest analysis for BingEx Before we wrap up, there's one aspect worth mentioning. BingEx currently has no debt on its balance sheet, which is quite unusual for a cash-burning growth company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company. Next Steps: This article is not intended to be a comprehensive analysis on BingEx, so if you are interested in understanding the company at a deeper level, take a look at BingEx's company page on Simply Wall St. We've also compiled a list of important factors you should further research: Historical Track Record: What has BingEx's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on BingEx's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
39 minutes ago
- Bloomberg
Dollar Rethink Is Pushing Emerging World to Sell More Euro Debt
Emerging-market borrowers are tapping the euro bond market at the fastest pace in over a decade, capitalizing on the rising demand for diversification away from the US dollar. The surge is being fueled by robust demand for developing debt, with non-dedicated investors playing a bigger role as credit quality improves. While euro-denominated bonds still account for a small share of total emerging-market supply, their volume is expected to remain high — both in absolute terms and relative to dollar-denominated deals.
Yahoo
an hour ago
- Yahoo
The No. 1 Reason Retiring Rich Seems Impossible — and 3 Reasons You Can Do It Anyway
For a lot of people, retiring rich only feels possible if you were born into money. But that's far from the truth. The biggest reason retirement wealth feels out of reach has less to do with income and more to do with timing. Find Out: For You: Most people underestimate just how powerful time is when it comes to building wealth. Starting early gives your money time to grow and multiply through compound interest. That's the financial advantage people talk about when they say to 'start young.' However, life doesn't always go according to plan. Student loans, mortgages and child care costs can make it difficult to stay afloat and invest early. But even without a perfect financial history, there are still ways to build a solid retirement plan starting now. Here are a few reasons why retiring rich may still be possible for you. 1. You Have More Control Over Your Income and Expenses Now Many people earn more in their 30s, 40s and 50s than they did in their early working years. With more money coming in, you'll be able to put more toward your retirement accounts or take advantage of higher contribution limits. That can help close the gap created by a late start. As you get better at managing your finances, you may also have more control over your spending, which makes it easier to put money toward long-term goals without drastically changing your lifestyle. Read Next: 2. Retiring 'Rich' Looks Different for Everyone There's often a gap between what we think retirement should look like, and what we actually need to feel content. For example, instead of having millions in the bank and living in a large Malibu mansion, you might find more comfort in downsizing your home, relocating to a more affordable town, or working part-time on projects you're genuinely passionate about. In other words, once you've saved enough to cover your needs and enjoy life on your terms, having more money doesn't always add more happiness. A rich retirement isn't always about more money, but rather having more peace, time and alignment with what matters to you. 3. You Can Still Catch Up If you're over 50, retirement accounts offer catch-up contributions that let you save more than younger workers. For example, in 2025, you can contribute an extra $7,500 to your 401(k) beyond the standard $23,000 limit. That means more tax-advantaged space to accelerate your savings. Delaying retirement by a few years can also increase your Social Security benefits and reduce the number of years your savings need to last. Some people choose to work longer by choice; others by either case, working longer can provide more financial stability later on. You can also consider rolling over old 401(k)s into IRAs for better investment options or consolidating accounts to simplify your retirement planning. Retiring Rich Is Possible It's easy to feel discouraged if you didn't start saving for retirement early. However, focusing on what's out of your control will only make you feel more hopeless and frustrated. What matters now is making the most of the time and resources you do have. There's still room to build a strong retirement foundation, even if the path looks different from someone else's. Retiring 'rich' isn't just for people who did everything right from the beginning. As long as you put in consistent effort and have a clear plan, you can still reach your version of financial security. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on The No. 1 Reason Retiring Rich Seems Impossible — and 3 Reasons You Can Do It Anyway Sign in to access your portfolio
