Real Time Financial News Website
The attorneys general of 16 U.S. states and the District of Columbia on Friday urged the Federal Communications Commission (FCC) to thoroughly investigate Verizon Communications Inc’s proposed $6.25 billion acquisition…
German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem: they can’t unlock the money because he won’t give…
The United States said on Friday it intends to revoke the terrorist designation for Yemen’s Houthi movement in response to the country’s humanitarian crisis, reversing one of the most criticised…
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a substantial rate during the period. In its report titled ‘PMI hits six-month low in…
The Central Bank of Nigeria (CBN) has reportedly issued circular directing financial institutions against dealing with cryptocurrencies or providing services to cryptocurrency exchanges. The circular allegedly dated February 5 2021,…
Ben Broadbent, the Bank of England’s deputy governor of monetary policy, told CNBC that tight borders following the rollout of vaccines would likely be detrimental to the U.K.’s economic recovery.…
Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand outlook improves. Futures in London climbed for a sixth day as…
The pound is behaving like a “risk-on imposter,” making it vulnerable to a reversal in sentiment. That’s the view of strategists at HSBC Holdings Plc including Dominic Bunning, who say…
The woes of the Naira continued at the Investors and Exporters (I&E) window of the foreign exchange market on Thursday as it further depreciated against the Dollar. During the session,…
Nigeria’s persistent crude oil loss has been linked to land terminals, as the Department of Petroleum Resources (DPR), said oil theft across offshore terminals are nearly impossible. Between 2009 and…
A second wave could play havoc with commerce, public finances and schools At first glance, sub-Saharan Africa appears to have avoided the worst of the pandemic. It has 14% of…
The National Bureau of Statistics says it has begun the national business sample survey (NBSS) as part of efforts to rebase the country’s gross domestic product (GDP). Ichedi Sunday Joel,…
After surging this year to the highest since 2018 against the dollar, the euro is losing its luster and strategists are beginning to pull back on their bullish views. The…
Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10% of overall sales, data showed…
The dollar strengthened to two-month highs and the euro dropped below $1.20, as data pointed to an improvement in the U.S. economic outlook, bond yields rose and oil prices hit…
Total pension assets under the Contributory Pension Scheme rose by N2.1tn to N12.3tn as of the of the 2020 from N10.2tn as of the end 2019, latest statistics from the…
With the dollar turning into a safe haven during the pandemic, risk appetite has become one of the most crucial elements for the FX market. The other main variable is…
Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money laundering and terrorist financing, it said on Thursday. The watchdog, BaFin, said it had…
The Senate Committee on Ethics, Privileges and Public Petitions, on Thursday, issued a fresh summon on the management staff of the Niger Delta Development Commission. The top staff members are…
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued…
U.S job growth likely rebounded in January as authorities began easing COVID-19 restrictions on businesses with the ebbing pace of infections, which could offer the strongest signal yet that the…
European stocks were modestly higher Friday as investors look to vaccine rollouts for hopes of normalization, while global markets flirt with record highs. The pan-European Stoxx 600 inched around 0.25%…
Shares of the Chinese short-form video app Kuaishou surged more than 190% on the company’s launch on Hong Kong’s stock exchange on Friday. Shortly after the company listed, shares were…
Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing their…
The GameStop saga is high drama, but is it an invitation to regulation? Securities sheriffs will soon decide. Newly minted U.S. Treasury Secretary Janet Yellen is meeting with heads of…
Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style frenzy, although a stronger dollar limited gains. LME three-month copper rose 0.7% to $7,875…
The number of Americans filing new applications for unemployment benefits decreased further last week, suggesting the labor market was stabilizing as authorities started to loosen pandemic-related restrictions on businesses. Despite…
Charges linked to the COVID-19 pandemic ate into BNP Paribas’ net profit in the fourth quarter as the lender set aside more provisions for loans that could turn sour. Rivals…
China stocks ended higher for the week on Friday, as investors found support from a continued economic recovery, though Sino-U.S. tensions remained a worry. ** The blue-chip CSI300 index rose…
As nations mark World Cancer Day today, there are concerns that COVID-19 has further reduced the chances of survival of cancer patients. Reports from the World Health Organisation (WHO), Union…