OPEC Meets To Review Compliance With Oil Cuts
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil…
Month: August 2020
Inflation In Canada Unexpectedly Falls Back to Near Zero
The consumer price index increased only 0.1% from the same month a year earlier, Statistics Canada reported Wednesday from Ottawa.…
EU To Impose Sanctions On Belarusian Officials For Election Fraud, Calls For A New Vote
The European Union announced plans to impose sanctions on Belarusian officials on Wednesday, with leaders of the 27 heads of…
Apple’s $2trn Value Higher Than GDP Of 48 African Countries — Including Nigeria, S’Africa
Apple has become the first American company to be valued at $2 trillion. The company crossed the $2 trillion dollar…
Exclusive: GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide
General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem…
Nigerian Embassy In Canada Shuts Down After ‘Attack’ On Staff
The Nigerian High Commission in Ottawa, Canada has announced an indefinite suspension of its activities. In a statement posted on its…
Uber And Lyft Competitors Ready To Pounce If Service Is Suspended In California
Ride-hailing competitors to Uber and Lyft are already preparing to seize the moment if the industry leaders decide to pull their service in California…
Target Reports A Monster Quarter — Profits Jump 80%, Same-Store Sales Set Record
Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new…
Apple Tops $2 Trillion In Market Value
Apple Inc (AAPL.O) became the first publicly listed U.S. company with a $2 trillion stock market value on Wednesday, as…
Nigeria: Unilag Is Bigger Than Anyone
The Ag. Vice-Chancellor, University of Lagos (UNILAG), Prof. Theophilus Omololu Soyombo got a rousing welcome from workers of the University,…
Elon Musk’s SpaceX Raises $1.9 Billion In Funding
Billionaire Elon Musk’s SpaceX has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday. would be…
No New U.S.-China Trade Talks Scheduled: White House Chief Of Staff
No new high-level trade talks have been scheduled between the United States and China but the two sides remain in…
Nigeria: Corruption – ‘Magu Boys’ Caught On Tape Demanding N75m Bribe
A businessman has played a tape recording before the Justice Ayo Salami-led presidential probe panel on how some operatives of…
Fed Faces A ‘Major Challenge’ In Making Its New Inflation Strategy Official
The U.S. central bank will be faced with a delicate balancing act if it opts to embrace a more relaxed…
Target CEO Credits Canceled Vacations, Not Stimulus Checks, For Blowout Quarter
Target CEO Brian Cornell said he’d like to see Congress strike a stimulus deal, but he credited closed movie theaters and…
GM Says Over 40% Of New China Launches In Next Five Years Will Be EVs
General Motors Co (GM.N) is planning an electric car offensive in China with more than 40% of its new launches…
Exclusive: FANCL Asia Owner Launches Sale That Could Fetch $1 Billion
U.S. Postmaster General Louis DeJoy is set to announce later on Tuesday that he will suspend all operational reforms and…
COVID-19: States Demand Release Of N67.2bn Grant
Following the continued dwindling of their economic fortunes as a result of COVID-19 pandemic, states have urged the Federal Government…
Jeff Bezos Ends Day With An All-Time High Net Worth Of $197.8 Billion
Jeff Bezos, founder and CEO of Amazon, ended Tuesday with a record net worth of $197.8 billion, the highest fortune…
Why Oracle’s Bid For TikTok Might Not Be As Crazy As It Sounds
Oracle’s bid to acquire TikTok’s U.S. business might not be as bizarre as it initially sounds, analysts told CNBC Tuesday.…
Currency Markets Warn of Turbulence Ahead
The U.S. dollar is driving a wedge between volatility expectations for global currencies and U.S. stocks. The greenback’s plunge last…
Nigeria: Foreign Reserves Fall By $544.94m In Six Weeks
The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures…
Nigeria: Over 60 Nigerians Return From Lebanon As Migrant Worker Conditions Worsen
On Sunday (16 August), 68 Nigerian women stranded in Lebanon returned home safely on a charter flight organized by the…
A Dow Buy Signal Says Warren Buffett’s Gold Stake Came Too Late For The Precious Metal
Gold had its best day since April on Monday, but market history says it may be time to bet against…
Trump Makes Another Attempt To Blame Amazon For Post Office Problems
President Donald Trump on Monday repeated his belief that Amazon is to blame for the U.S. Postal Service’s demise. “Amazon…
Walmart Posts Biggest Growth In Online Sales
Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics…
U.S. Treasury Yields Edge Lower As Investors Await Economic Data, Auctions
U.S. government debt prices were higher on Tuesday morning, as investors monitored a fresh batch of economic data and Treasury…
India’s Gold Market Plunged In The First Half. Here’s How The Second Half Looks
Recovery in India’s gold market remains uncertain in the second half of the year, dampened by factors including record high…
Kohl’s Posts Smaller-Than-Expected Loss, Shares Rise
Kohl’s Corp (KSS.N) posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that…
Walmart Beats On Profit, Posts Record Online Sales On Pandemic Boost
Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers cashed in stimulus checks and ordered…