Economy · Important news for 8 September 2026
S&P downgrades Senegal on debt fears
S&P Global Ratings has downgraded Senegal further into junk territory due to escalating debt fears.
- S&P downgraded Senegal's credit rating deeper into junk territory.
- The rating action was driven by debt sustainability fears.
China announces $54 billion injection for banks and insurers
Dangote Refinery sets IPO price in Lagos
Japan's foreign reserves drop by record $80 billion after yen intervention
Iran war drives $100 billion in extra energy costs for U.S. consumers
Turkey Trims 2027 GDP Growth Forecast Amid Economic Pressures
Japan reports faster GDP growth and highest wage rise since 1997, supporting expected BOJ rate hike
Canada Set to Hit Back at US Tariffs, Risking Trade War
China Central Bank Accelerates Gold Purchases in August Despite High Prices
France’s Lescure Says Vast Effort Needed to Contain Budget Gap
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