Global Economy
EU Tariffs on Chinese Cast Iron, Ivory Coast Stake Sale and Goldman Sachs Beats Bond Forecast – Market Brief
The European Commission has announced new anti‑dumping duties ranging from 15.5% to 38.1% on selected Chinese cast‑iron products. Meanwhile, the Ivorian government plans to divest a 21.54% stake in La Loyale Vie Assurance, part of a broader banking restructuring. Adding a positive note, Goldman Sachs topped analysts’ expectations in Q3 bond trading, boosting its commissions and capital performance.
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EU Announces New Tariffs on Chinese Cast Iron
The European Commission has launched anti‑dumping duties on a range of Chinese cast‑iron products. The tariff rates will vary between 15.5 % and 38.1 %, aimed at countering what Brussels considers unfair trade practices.
Ivory Coast to Divest 21.54 % of La Loyale Vie Assurance
As part of a restructuring of the public banking sector, the Ivorian state will sell the 21.54 % stake it holds through the National Savings Fund (CNCE) in La Loyale Vie Assurance. The transaction is expected to inject fresh capital into the insurer and support the broader financial reform agenda.
Goldman Sachs Beats Bond‑Trading Expectations
Goldman Sachs Group reported results that topped consensus estimates for the third quarter. The firm limited losses in its bond‑trading book, raised commission revenues and delivered a solid capital performance, beating analysts’ forecasts.
Other Recent Headlines (July 2026)
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