Malaysia’s AirAsia Shares Slide After Record Quarterly Loss
Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the Malaysian budget…
Month: March 2021
Real-Economy Stirrings Show U.S. Leaves Europe In The Dust
Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage…
City Of London Says It Expects Bulk Of Workers To Return After Pandemic
The City of London financial district is likely to see most workers return to their offices after the coronavirus pandemic,…
BOJ Warns Of Rising Credit Costs Among Financial Institutions
Japanese financial institutions have seen credit costs rise this fiscal year due to uncertainty over the business prospects of borrowers…
Again, Senate Summons Emefiele, Alleges Federation Account $9.5m Missing
The Senate Public Accounts Committee has given the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, up till Thursday,…
Lagos Okays Ex-Aviation fuelling Firm MD, Others’ Trial Over Alleged N1bn Fraud
The Directorate of Public Prosecutions in Lagos State has said sufficient facts exist to establish a prima facie case of…
Lagos Accounts For 12.15% As States Debts Hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for 12.15 per cent…
China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index,…
Iran Rejects Ending 20% Enrichment Before U.S. Lifts Sanctions: State TV
– Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV quoted…
Apple Supplier Foxconn Fourth Quarter Profit Misses Estimates
Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients,…
Japan Asks Taiwan Manufacturers To Cooperate In Chip Production
Japan has asked some Taiwanese manufacturers to cooperate in alternative production of semiconductors, industry minister Hiroshi Kajiyama said on Tuesday,…
Teamviewer In Five-Year Sponsorship Deal With Mercedes F1 And FE Teams
German software company Teamviewer said on Tuesday that it had struck a five-year sponsorship deal with the Mercedes Formula 1…
“She’s Free”: Traffic In Suez Canal Resumes After Stranded Ship Refloated
Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship which had been blocking the busy…
Crypto Shadow Banking Explained And Why 12% Yields Are Common
A swathe of shadow banks in the $1.6 trillion cryptocurrency market have figured out how to generate returns of 12%…
Explainer: Why Nigeria’s Central Bank Won’t Ease Its Grip On The Naira
Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary Fund and World…
Bitcoin Rises As Visa Moves To Approve Crypto USD Coin
Bitcoin (BTCUSD=X) prices climbed as much as 3% by late-morning in London on Monday following yet more news of potential…
Stanbic IBTC, CAP, Lafarge Top Stocks To Watch This Week
Nigerian stocks were up by N436.250 billion in the week that just went by, buoyed by a number of impressive…
Nigeria Sets N50m Capital Base For Commodities’ Collateral Firms
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set a minimum capital base of N50 million for…
Euro Set For Biggest Monthly Drop Since Mid-2019; Yen Shorts Grow
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
China Sanctions US, Canadian Citizens Over Criticism Of Treatment Of Uighurs
The European Union, Britain, Canada and the United States sanctioned several members of Xinjiang’s political and economic hierarchy this week…
Dollar Drought: Neither CBN Nor Emefiele
There is dollar drought in Nigeria. It has become the biggest challenge for the Central Bank of Nigeria, CBN, in…
Exclusive: Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its…
SEC Unveils New Rules On Commodity Trading
To ensure a vibrant commodities trading ecosystem, the Securities and Exchange Commission (SEC) has unveiled new rules on warehousing, collateral…
Shell, Nigeria’s Aiteo Locked In Legal Battle Over Loan Default
Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that…
AfCFTA: Nigeria To Establish Trade Remedies To Tackle Fraudulent Invoicing
As part of its commitment to a successful implementation of the African Continental Free Trade (AfCFTA) Agreement, the federal government…
China’s Yuan Fixing Once Again Draws Attention As Rally Falters
China’s daily yuan fixing is once more drawing attention. A bout of sudden weakness in the currency has traders looking…
NIN: Telcos Lose 11.8 Million Subscribers In Four Months
The number of telecom subscribers in the country dropped by 11.84 million in four months, according to latest industry statistics…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Nigeria On Alert Over Fake COVID-19 Vaccines Shipped To Africa
The Nigerian government has placed its agencies on alert following speculations of fake COVID-19 vaccines reportedly dispatched to Africa. The…
Is Economy On The Verge Of Recovery In Q1?
Contrary to expectations, the gradual but steady rise in economic activities across the sectors in the first quarter of 2021…