Microsoft warns of forex hit, cuts forecast

Dayana Jones

June 2 (Reuters) – Microsoft Corp (MSFT.O) on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest U.S. company to warn of a hit from a stronger greenback. A hawkish Federal Reserve and heightened geopolitical tensions have driven a 14% gain in the dollar against a […]

Malawi Faces Shortages of Foreign Exchange Currency

Dayana Jones

Blanyre, Malawi —  Malawi is facing acute shortages of foreign exchange currency, forcing two international airlines to suspend some of their services in the country. The situation has negatively affected the operations of many more local and international cross-border businesses. The latest monetary policy report by the Reserve Bank of […]