Explainer: Binance: The Crypto Giant Facing Pressure From Regulators
Financial regulators across the world have targeted major cryptocurrency exchange Binance. Some have banned the platform from certain activities, while…
Day: August 19, 2021
U.S. Department Stores Get Sales Boost From Back-To-School Wardrobe Refresh
U.S. department store chains Macy’s Inc (M.N) and Kohl’s Corp (KSS.N) are leaning on a strong back-to-school season to sustain a sales recovery fueled…
SoftBank Sells 11.4 Million Shares Of DoorDash – Source
SoftBank Group Corp (9984.T) sold 11.4 million shares of food delivery company DoorDash Inc (DASH.N), marketed via Goldman Sachs Group Inc (GS.N), a source…
UAE Bars Nigeria, S’Africa, Others From Visa-On-Arrival List
The United Arab Emirates (UAE) has approved visa-on-arrival for passport holders from 70 countries except Nigeria, South Africa, Ghana and…
Euro’s Rapid Decline Puts ‘Line In The Sand’ In Sight For Bulls
The euro is on the cusp of breaking new lows against major global peers, weighed down by the prospect of…
Digital Yuan Gives Banks An Edge In Payments, Moody’s Says
China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology…
Fed Minutes Lift Dollar To A 9-Month High As Stock Mkts Swoon
The dollar index, which measures the U.S. currency’s performance against six rivals, extended gains in early London trading to rise…
Pound Plumbs Month’s Low As Stock Rout Hits Risk Currencies
Sterling hit its lowest in a month against the dollar on Thursday as a pull-back in global stock markets saw…
China’s Yuan Eases, But Basket Index Rises To 5-1/2-Year High
The Chinese yuan eased to a three-week low against a firmer dollar on Thursday, while its value against the currencies…
Gold Falls As Fed Minutes Boost U.S. Dollar
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed that its officials were…
EXCLUSIVE Facebook Selects Local Journalists Paid In $5 Million Newsletter Recruitment Push
Facebook Inc (FB.O) has chosen 25 local independent journalists to be paid out of a $5 million pot to write for its…
Goldman Sachs Economists Cut Q3 Growth Forecast For U.S.
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from 9% due…
Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back its stimulus…
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus,…
Sports Tech Firm Sportradar Renews Deal With FanDuel After Announcing $100 Million IPO
First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting…
Oil Falls For A Sixth Straight Day, Sinks To The Lowest Level Since May On Fears Of Slowing Growth
Oil dropped for a sixth-straight session on Thursday, falling to the lowest level since May as demand fears and comments…
Maersk Inks Deal To Secure Supply Of ‘Green’ e-methanol For Vessel, Targets 2023 Launch
Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel…
Jobless Claims Hit New Pandemic-era Low In A Sign Of Hope For The Employment Picture
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving…
Naira Weakens Further To 517 Against Dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent…
Twitter, Digital Platforms To Pay Tax As FIRS Targets N10.1trn Revenue In 2022
The Federal Inland Revenue Service (FIRS) has set a revenue target of N10.1 trillion for 2022. Mohammed Nami, executive chairman…
Dow Futures Drop 200 Points, Commodities Retreat On Concern About The Fed’s Move To Remove Stimulus
Stock futures were sharply lower on Thursday as concern grew that the Federal Reserve’s move to remove stimulus this year…
Chinese Firm Behind The Purchase Of The United Kingdom’s Largest Chip Plant Warns Deal Is At Risk
The Chinese firm behind the purchase of Britain’s largest chip manufacturing facility earlier this summer has admitted that the acquisition…
Treasury Yields Fall Despite Fed Taper Talk
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes showing that the central bank…
Solar Could Be 40% Of U.S. Power By 2035 -Biden Administration
Solar could supply more than 40% of the nation’s electricity by 2035 – up from 3% today – if Congress…
Fifty Shades Of Green: EU Sustainable Fund Rules Muddy The Waters
If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice.…
Apple Appeals Against Security Research Firm While Touting Researchers
Apple Inc (AAPL.O) on Tuesday appealed a copyright case it lost against security startup Corellium, which helps researchers examine programs like Apple’s…
Tencent Says More Regulations Set To Come As Quarterly Profit Jumps
China’s Tencent Holdings (0700.HK) said on Wednesday that the internet industry should brace for more regulations and uncertainty, but it believed Beijing…
Nvidia Forecast Beats Expectations, But Talks On $40 Bln Arm Deal Take Longer Than Expected
Nvidia Corp (NVDA.O) on Wednesday said talks with regulators to clear its $40 billion proposed acquisition of British semiconductor technology firm Arm…
Analysis: White-Collar Staff Calling Shots As Job Markets Recover
Having hunkered down at home and clung on to his job through the 2020 lockdowns, Dutch IT worker Benito Castillion…
Soaring Demand For The World’s Least-Liked Commodity Sees Thermal Coal Prices Jump 106% This Year
Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s…