Google Delays Office Return Until January As COVID-19 Worries Linger
Alphabet Inc-owned (GOOGL.O) Google is extending its voluntary return-to-office policy through January next year, CEO Sundar Pichai said on Tuesday, citing uncertainty…
Day: August 31, 2021
Data And AI Platform Databricks Raises $1.6 Bln, Valued At $38 Bln
Databricks, a data analytics platform that uses artificial intelligence, said on Tuesday it raised $1.6 billion to expand its engineering…
Dollar At 3-Week Lows As Traders Await Tapering Clues
The dollar was trading near three-week lows against a basket of currencies on Tuesday, as investors looked to U.S. jobs…
Gold Prices Edge Back Towards 1-Month Peak As Dollar, Yields Slip
Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a weaker dollar and a fall…
Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks
Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the…
Stocks Sit Near Record Highs As Jobs Report Looms
A gauge of global equities headed for its seventh consecutive month of gains on Tuesday, but stocks and the dollar…
S.Korea’s Parliament Passes Bill To Curb Google, Apple Commission Dominance
South Korea’s parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from…
Euro Zone Inflation Surges To 10-Year-High, In Headache For ECB
Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the European Central Bank’s benign view…
Prosus Doubles Down On India With $4.7 Bln Deal For BillDesk
Prosus NV (PRX.AS) doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making…
Canada’s Economy Posts Surprise Contraction In Q2 Amid Election Campaign
Canada’s economy unexpectedly shrank in the second quarter and likely had far less momentum than had been expected heading into…
Apple Watch Production Delayed – Nikkei
Production of Apple Inc’s (AAPL.O) latest smartwatch has been delayed due to its complicated design, the Nikkei reported on Tuesday, citing people…
Zoom Shares Slide 11% As Searing Growth Tapers Off
Shares of Zoom (ZM.O) slid more than 11% in premarket trading on Tuesday, after the video conferencing company signaled a faster-than-expected drop…
Analysis: U.S. Liberals See Dwindling Legal Options To Challenge Voting Curbs
During the bitter legal battles over the 2020 presidential election, conservative U.S. Supreme Court justices signaled an embrace of a…
Biden Administration Aims To Cut Costs For Solar, Wind Projects On Public Land
The Biden administration plans to make federal lands cheaper to access for solar and wind power developers after the clean…
Digital Currency Gains Traction As Central Bank Of Nigeria Appoints Technical Partner
The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partner…
US Ready To Identify Boko Haram Sponsors
The United States has expressed its readiness to help Nigeria to identify sponsors of terrorism in the country. The US…
Central Bank Of Nigeria Urges NLC and TUC To Support Its 5-Year Economic Strategy
The Central Bank of Nigeria (CBN) has urged the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to…
Experts Peg Nigeria’s Infrastructure Gap at $3tn
Research experts have estimated that Nigeria has an infrastructure gap of $3 trillion, which according to them is about six…
Nigeria To Launch $3bn Eurobond On October 11, With Lagos, NY Roadshows
The federal government has set October 11, as the date to shop for new creditors to help finance the 2021…
Central Bank of Nigeria Engages British fintech To Develop Digital Currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the…
Champion Breweries, Eterna Others Drag Capitalisation Of The Nigerian Stock Exchange By N83b
The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially…
Nigeria: United Capital Lists N20b Commercial Papers
United Capital Plc has listed three series commercial papers worth about N19.72 billion on the FMDQ Securities Exchange, paving the…
Treasury Yields Dip As Jobs Data Remains In Focus
Treasury yields dipped on Tuesday morning, as investor focus remained on a key jobs report due out later in the…
Market’s Record Price Action Is Mimicking Late 1999 And It Could Spark a 10% to 20% Correction,Long-Term bull Julian Emanuel Warns
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street. According to BTIG’s Julian Emanuel, the…
Tencent and NetEase Shares Pare Losses After China Tightens Gaming Rules For Kids
Shares of China’s second-largest gaming company NetEase fell on Tuesday after regulators dramatically cut down the amount of time children…
SoftBank-Backed Ride-Hailing Firm Ola Plans To Raise $1 Billion In India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar…
Young Chinese Gamers Vent At Beijing’s New Rules As Shares In Gaming Companies Slide
China’s new rules forbidding under-18s from playing video games for more than three hours a week knocked shares in Tencent…
PayPal Exploring Stock-Trading Platform For U.S. Users
Shares of PayPal Holdings Inc (PYPL.O) jumped on Monday after a report that it is exploring ways to let its U.S. customers…
Google, Facebook, Microsoft Top EU Lobbying Spending – Study
Alphabet Inc’s (AAPL.O) Google unit, Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) are the three biggest lobbying spenders in Europe in a battle against tough new…