Nigeria: Stock Market Loses N49bn On Profit-Taking
Equity transactions on the Nigerian Stock Exchange on Monday closed on the negative route to further extend losses as investors…
Month: May 2020
Nigeria: Reps Approve Buhari’s N850bn Loan
The House of Representatives has approved the request by the President, Major General Muhammadu Buhari (retd.), to borrow N850bn to…
Musk Defies County Orders, And Reopens Tesla’s California Plant
Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing. On Monday, the company’s…
Nigeria: Buhari Appoints Professor Agboola Ibrahim Gambari As New Chief Of Staff
President Muhammadu Buhari has appointed Professor Agboola Ibrahim Gambari as his new chief of staff following the death of Mallam…
Why Amazon, Facebook, Disney Saw Their Chiefs Retake Control
Over the past few months, some of the world’s biggest companies’ CEOs have reasserted themselves in ways they haven’t in…
UK Furlough Scheme Extended By Four Months
The UK scheme to pay wages of workers on leave because of coronavirus will be extended to October, Chancellor Rishi…
Premier League Clubs May Have To Refund £340m To Broadcasters Even If Season Resumes
Premier League clubs have been told they could have to repay an estimated £340m to domestic and international broadcasters –…
U.S. Congress To Quiz Bank Regulators On Coronavirus Rule-Easing, Assistance
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages…
Trump Orders Federal Retirement Money Invested In Chinese Equities To Be Pulled
President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, FOX Business has learned in a move that…
Once Taboo, Investors Begin To Imagine Negative U.S. Rates
Negative interest rates in the United States were once unimaginable. The coronavirus has changed that. While the Federal Reserve has…
Does Elon Musk Need California More Than California Needs Elon Musk?
Tesla Chief Executive Elon Musk did a big favor this weekend for anyone looking for a fresh source of entertainment…
China Announces New Tariff Waivers For Some U.S. imports
China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the…
Eventbrite revenue Plunges Amid Staggering Losses Because Of COVID-19
Eventbrite Inc. EB, +2.43% shares were flat in after-hours trading Monday after the event-management services company reported fiscal first-quarter revenue and net…
What Is The Bitcoin Halving And Which Day Does It Happen?
What is the halving or halvening? The event is known as the “halving” or “halvening,” and occurs every four years,…
Burger King And Starbucks Branches To Reopen For Takeaways
Branches of Burger King and Starbucks will reopen this week as the UK’s cafes and restaurants begin to emerge from the coronavirus…
Bentley And Toyota Workers Return To Work As Sector Eases Out Of Lockdown
Employees at two UK automotive plants are returning to work this week as the British economy tries to restart under…
Richard Branson To Sell $500m Worth Of Virgin Galactic Shares
Sir Richard Branson is to sell $500m (£405m) in Virgin Galactic shares in order to prop up his airline and leisure interests,…
As U.S. Meat Workers Fall Sick And Supplies Dwindle, Exports To China Soar
U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers…
AT&T Boss Retires With $274,000 A Month For Life
Not everyone gets personally insulted by the president of the United States when they announce their retirement. But when you’re…
More Americans Return To Work; Concerns Grow Of A Second Virus Wave
Factory workers began returning to assembly lines in Michigan on Monday, paving the way for the reopening of the U.S.…
S&P 500 Closes Barely Higher As Investors Balance Pandemic With Recovery
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus…
Trump Says Not In Favor Of Reopening China Trade Deal
President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on…
Seven Nigerian Banks Post Combined N209.16bn Profits
The banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc, FBN Holdings Plc, Fidelity Bank Plc and Union Bank of Nigeria Plc.
WHO Warns That Coronavirus Cases Have Jumped In Countries That Eased Lockdowns
Several countries that have lifted coronavirus restrictions and reopened businesses, including China, have seen jumps in coronavirus cases, underscoring the…
Disney To Increase Shanghai Park Attendance By 5,000 Per Week, According To CEO
Disney plans to increase capacity at its Shanghai park by 5,000 people each week until it reaches the limited capacity figure…
Chinese Investment In The U.S. Drops To Lowest Level Since Global Financial Crisis
Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and…
Paving Way For U.S. Auto Industry, Michigan Factories To End Coronavirus Lockdown
Factories in Michigan can resume production on Monday, enabling North American automakers to bring thousands of idled employees in the…
This Bond Market Signal Indicates The Bear Market Isn’t Over Yet
The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic…
Over 80% Of U.S. Small Businesses Expect Longer Impact Of Pandemic: Survey
Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect…
Stocks Stumble On Fears Of Second Wave Of Coronavirus cases
Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens…