Greece Plans Gradual Relaxation Of Lockdown Measures
Greek Prime Minister Kyriakos Mitsotakis said on Tuesday restrictions on citizens’ movements would be lifted and more shops allowed to…
Month: April 2020
France Plots Gradual Exit From Lockdown From May 11, But Cafes To Stay Closed
France will begin to ease its coronavirus lockdown from May 11 to avoid an economic meltdown, Prime Minister Edouard Philippe…
BREAKING: 2020 Budget: Senate Approves Buhari’s N850bn Loan Request
The Senate has approved the N850billion loan request of the President, Major General Muhammadu Buhari (retd.), which was read at…
Nigeria: FBN Holdings Shareholders Approve N13.64bn Dividend
Shareholders of the FBN Holdings have approved a total dividend of N13.64bn declared by the company for the financial year…
Harley-Davidson Cuts Dividend Payout, Suspends Share Buybacks
Harley-Davidson Inc (HOG.N) cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its…
Nigeria: Buhari Seeks N’assembly Approval For N850bn Loan To Fund 2020 Budget
President Muhammadu Buhari has asked the national assembly to approve a loan request of N850 billion to fund the 2020…
Remote Work Revenue Could Help Microsoft Offset Coronavirus Impacts, Analysts Say
When Microsoft Corp reports earnings on Wednesday, analysts expect some areas of its business to take a hit from the…
Pepsi Warns Second Quarter Revenue Will Drop
Pepsi warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its…
Central Bank Of Nigeria Lifts Suspension On Cheques’ Clearing
The Central Bank of Nigeria has lifted suspension on cheque clearing by the Deposit Money Banks. It stated this in…
IMF To Meet On Nigeria’s Emergency Loan Request Today
There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria…
US Oil Falls Below $11 Per Barrel
US oil nosedived below $11 a barrel on Tuesday after a major exchange-traded fund started selling its short-term contracts of…
Market Wrap
S&P 500 contracts turn higher alongside shares in Europe, Asia. Crude deepens losses after Monday plunge; Treasuries steady. It’s harder to buy equities from a valuation perspective, says Marvin Loh, senior global market strategist at State Street.
COVID-19 Global Virus Update
Virus Tracker: Total cases 3 million; deaths pass 211,000. White House strategy envisions tests reaching 2% of public
Johnson urges U.K. to stick to lockdown. European nation with fewest virus deaths proves speed is key. Back to school brings a bleak new normal for China’s students. Vaccine coalition sees potential to move faster
Study finds virus lingers in air of crowded spaces
Adidas’ First Quarter Profit Falls By 90%
Adidas has said that sales will fall by 40% in the second quarter after the German sportswear giant saw profits…
New York State Cancels Presidential Primary Over Coronavirus Risk
New York state on Monday canceled its presidential primary over concerns voting was an unnecessary risk amid the COVID-19 pandemic,…
BREAKING: President Buhari Extends Lockdown In Lagos, Ogun, FCT Until May 4, Curfew To Begin After That
President Buhari has extended the lockdown in Lagos, Abuja and Ogun state till May 4th He also sad a dusk…
South Africa Seeking $5 Billion From Multilateral Lenders To Fight Virus
South Africa is seeking 95 billion rand ($4.99 billion) from multilateral lenders to help it fight the COVID-19 pandemic, a…
U.S Oil Slips Below $15 Per Barrel
US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus…
GE’s Coronavirus Troubles Likely To Hit Power Business, Not Just Aviation
Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric…
Healthy Again, British PM Says Too Risky To Relax Lockdown Yet
Prime Minister Boris Johnson returned to work on Monday after recovering from COVID-19 with a warning that it was still…
Apple, Amazon, Boeing, Airbus, Federal Reserve – 5 Things You Must Know Monday
Stock futures rise as economies across the globe, including the United States, move tentatively toward reopening; Apple, Amazon and Alphabet highlight a busy earnings week; the Federal Reserve meets; Boeing abandons a $4.2 billion deal with Brazil’s Embraer
Apple To Delay Mass Production Of 2020 Flagship iPhones
Apple Inc is delaying the production ramp-up of its flagship iPhones coming later this year by about a month as…
Prepare For A Decade Of Low Stock Market Returns
Elevated valuations historically signal low returns
Bank of Japan Expands Stimulus As Pandemic Pain Worsens
The Bank of Japan expanded monetary stimulus on Monday and pledged to buy an unlimited amount of bonds to keep…
U.S. Economy Faces Historic Shock With 16% Unemployment Possible
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely…
Kanye West Is Now Officially A Billionaire
After months of requests, the hip-hop superstar shared financial records, revealing details about his wildly popular Yeezy sneaker empire — and his fixation on outside validation.
New York City Needs $7.4 Billion In Federal Aid Amid Coronavirus: Mayor
New York City needs a $7.4 billion in federal aid to offset economic losses from the coronavirus, Mayor Bill de…
Reconsidering Cannabis ‘Teaspoon’ Of Tax Revenue
Cannabis companies would get access to small-business aid under new legislation introduced in the House last week, but whether…
Saudi Arabia Cuts $265 Million Deal With China To Fight Virus
Saudi Arabia will pay China 995 million riyals ($264.6 million) to provide coronavirus tests and medical expertise, Abdullah Al-Rabiah, chairman…
World’s Biggest Wheat Supply Dries Up When Some Want It Most
Russian exhausts grain-export quota two months ahead of plan. Russian ban could benefit rival suppliers like the EU and U.S.