World Bank Trims East Asia, Pacific GDP Forecast Amid COVID-19 Concerns
Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said…
Month: July 2021
Taiwan’s TSMC Posts 11% Jump In Q2 Profit On Global Chip Demand
Taiwan’s TSMC (2330.TW), posted an 11% rise in quarterly profit on Thursday, boosted by a pandemic-led surge in global demand for…
Record-Low Rates Spur Australia M&A Frenzy In 2021
Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and…
UK-Based Cybersecurity Firm Avast In Merger Talks With NortonLifeLock
UK-based cybersecurity firm Avast Plc (AVST.L) said on Wednesday it was in advanced talks over a merger with peer NortonLifeLock Inc (NLOK.O). If…
Asian Shares Find Support As Powell Shrugs Off Inflation
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was “still a ways…
Exclusive Twitter Sees Jump In Govt Demands To Remove Content Of Reporters, News Outlets
Twitter Inc (TWTR.N) saw a surge in government demands worldwide in 2020 to take down content posted by journalists and news outlets,…
China’s Economy Grows Slower Than Expected In Second Quarter
China’s economy grew more slowly than expected in the second quarter, as tepid manufacturing activity, higher raw material costs, and…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects of Federal Reserve…
Ponzi Schemes Flourish In Nigeria’s Declining Economy
I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido told his…
Future Of Oil & Gas In Nigeria: Renewed Oligations From Private Sector
From catalysing oil and gas potential to optimising gas production, diversifying consumption, and addressing gas flaring challenges, debates about hydrocarbon…
Turkey Holds Rates Again As Inflation Rules Out Summer Cut
Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices and a…
Systemic Racism In England Affects Health To Wealth, Report Says
Racism in England is systemic and the government is “frustratingly slow” at implementing recommended solutions, according to a leading race-relations…
How FG Can Woo Multinationals To Stock Market, Boost Profitability’
Experts have renewed calls for the Federal Government (FG) to adopt a policy that would help reduce persistent volatility in…
EU Set To Call Time On Combustion Engine Within Two Decades
The European Union is set to propose measures on Wednesday, as part of a broad climate package, that signal the…
U.K. Vows To End Sales Of New Petrol And Diesel HGVs By 2040
The U.K. will end the sale of all new diesel and petrol heavy goods vehicles by 2040 and ultimately decarbonize…
Major Oil Marketers Protest Restriction Of Import Licences To Refiners
The Major Oil Marketers Association of Nigeria (MOMAN) and the Petroleum Marketers Association of Nigeria (DAPPMAN) have kicked against the…
Bank Of Canada Holds Interest Rate, Says It Will Curb Bond Purchases
The Bank of Canada held its key overnight interest rate at a record low 0.25% as expected on Wednesday and…
Big Banks Seek To Curb “Speculative” Planned UK Forex Class Action
A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is too weak and speculative to…
Pound Spikes As Inflation Surge Ups Pressure On BoE To Hike Rates
The pound rallied on Wednesday morning as official data showed UK inflation continues to soar. Figures from the Office for…
Analysis: Digital Rivals? Central Bank E-Cash Plans Prompt Lenders To Wade In
As central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and technical plans, according…
Apple, Goldman Plan ‘Buy Now, Pay Later’ Service To Rival Affirm
Apple Inc. is working on a new service that will let consumers pay for any Apple Pay purchase in installments over…
‘UK Generated £1.9bn From Export To Nigeria In 2020’
The British Deputy High Commissioner to Nigeria, Ben Llewellyn-Jones has revealed that British firms operating in Nigeria were able to…
DMO To Auction N150bn FGN Bonds In July
In a circular issued on Monday, DMO said the bonds will be in three tranches, comprising N50 billion each. The…
Unstable Sugar Price In Nigeria Caused By Increase In Foreign Exchange – NSDC
The National Sugar Development Council (NSDC) has revealed that sudden change or increase in sugar prices in the country is…
Nigeria Hires Money Managers For $37 Billion Infrastructure Fund
Nigeria has picked four asset managers to run a $37 billion fund set up to drive investment in roads, railways…
PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut
The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s…
Petrol Subsidy Ends After Buhari Signs PIB – Minister
The assent of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), will put an end to…
Forex Shortages Force Nigerian Corporates To Turn To Parallel Market
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a…
ABCON Advocates Reforms To Curb Govt Spending, Public Debt
Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated for reforms that will reduce government spending and also…