We Lose N500m Daily To Stripping Operations – Group
The Advocacy for Maritime Development Association has disclosed that importers and agents are losing N500m daily over the suspension of…
Month: April 2021
Futures Tepid After S&P 500 Ends At Record Level
U.S. stock index futures were subdued on Friday as a rise in bond yields weighed on richly valued technology stocks…
Biden faces key test on EV battery Trade Dispute
U.S. President Joe Biden faces a Sunday deadline to decide whether to intervene in a trade dispute between two South…
Some Hong Kong Lawmakers Criticise Plans To Mask Company Directors’ Data
Several Hong Kong lawmakers on Friday raised concerns that proposals to restrict public access to information about directors of companies…
Volkswagen Loses $125 Million Fine Appeal For Emissions Breach In Australia: Regulator
Australian competition regulator said on Friday the federal court dismissed Volkswagen’s appeal against a record A$125 million ($95.1 million) fine…
Roughly 500 Ballots Challenged In Amazon’s Landmark Union Election
Roughly 500 ballots submitted in Amazon.com Inc’s landmark union election have been challenged in a contest that will determine whether…
China’s Didi Picks Goldman, Morgan Stanley For Mega U.S. IPO
China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans…
World Stocks Hit Record High, Powered By Wall Street
Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding U.S. inflation fears, with the…
Stocks Firm Near Record After Easing U.S. Inflation Fears Lift Wall Street
Global stocks held firm near record highs on Friday as receding inflation fears in the United States pushed down bond…
Holidays For The Rich: Airlines Criticise Britain’s Travel restart Plan
Airlines slammed Britain’s plans for restarting international travel, saying that expensive testing requirements for trips to low-risk countries would mean…
Strong March Pushes Airbus Quarterly Deliveries Higher
Airbus reported slightly higher deliveries in the first quarter with 125 aircraft handed over to airlines after a sharp increase…
European Stocks On Longest Weekly Winning Streak In A Year
European stocks were subdued on Friday, but on course for their longest weekly winning streak in more than a year…
China Will Take Necessary Measures To Uphold Rights Of Chinese Companies
China said on Friday it would take necessary measures to uphold the rights and interests of Chinese companies, after the…
Exclusive: China Set To Clear Tencent’s $3.5 Billion Sogou Deal Subject To Data Security Conditions: Sources
China’s antitrust regulator is ready to clear tech giant Tencent Holdings Ltd’s plan to take the country’s no.3 search engine…
Oil Prices Edge Down As Investors Weigh Rising Supplies, Demand Outlook
Oil prices edged down on Friday as investors weighed rising supplies from major producers and the impact on fuel demand…
ECB’s Schnabel Warns Against Blocking The EU’s Recovery Fund
European Central Bank board member Isabel Schnabel has warned against attempts to block the European Union’s Recovery Fund, saying such…
China’s Auto Sales Surge 75% In March, 12th Straight Monthly Gain
Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market…
Central Bank Nigeria Freezes Another 194 Accounts Of Firms, BDCs, Others
The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze…
Shoprite: Trade, Forex Policies, Others Hurting Businesses, Says LCCI
Against the backdrop of the move by Shoprite Holdings Limited to exit its Nigeria operations, the Lagos Chamber of Commerce…
MTN Partners fintechs As Talks With Banks Lingers
MTN has activated a number of new channel partnerships with fintech companies as the company continues meeting with the commercial…
Toshiba Chairman Issues Cautious Statement On CVC’s Take-Private Offer
The chairman of Toshiba Corp’s board on Friday issued a statement on CVC Capital Partners’ recent offer to take the…
China Halts New Enrollments At Business School Backed By Jack Ma
Beijing authorities have forced an elite business school backed by Alibaba Group Co Ltd founder Jack Ma to halt enrollments,…
China’s March New Yuan Loans Seen Rebounding, But Tightening Fears Grow: Reuters Poll
New bank loans in China are expected to have rebounded in March from a sharp drop in February, a Reuters…
Digital Pound Would Boost Post-Brexit City Of London, Think-Tank Says
A digital pound must be at the heart of Britain’s efforts to strengthen the City of London’s global attraction as…
Hyundai Motor To Suspend South Korea Production Due To Chip Shortage: Yonhap
South Korea’s Hyundai Motor Co plans to suspend production for two days from Monday at its Asan plant because of…
SEC Warns Against Proliferation Of Unregistered Investment Platforms
The Securities and Exchange Commission (SEC) has warned the investing public to be wary of the proliferation of unregistered online…
Nigeria Generated $150m From Coconut Oil In 2020 – Minister
The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday in Benin disclosed that Nigeria generated $150m from the…
World Bank Warns Against ‘High’ Global Tax Minimum
The head of the World Bank has warned world leaders against setting a global minimum tax rate for companies that…
CBN Freezes 11 Bank Accounts
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to…