Real Time Financial News Website
When Jette Nygaard-Andersen took the helm of U.K. online gambling company Entain, a pandemic was raging and the company had just fended off an acquisition attempt. Now, it’s the one…
Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility…
Alibaba has introduced a series of measures designed to prevent sexual harassment and assault. The move comes after a female employee accused her supervisor Wang Chengwen and a client of…
European markets are heading for a cautious open Friday, as investors assessed global economic indicators and rising Covid-19 cases in the search for direction. Britain’s FTSE 100 is seen around…
Nigerian trading market: a brief overview Although somewhat similar, it is important to note the difference between stock and Forex trading. Essentially, the difference lies in what is being traded;…
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks…
The Assets Management Corporation of Nigeria (AMCON) has rubbished reports that it was planning to take over the Dangote Refinery in Lagos, which is yet to commence operations. It was…
Investors’ interest in the fixed income and currencies markets has continue to soar as both markets recorded significant increase in turnover in June 2021, a report by FMDQ OTC limited…
The National Bureau of Statistics (NBS) says the federal government generated N512.25 billion as Value Added Tax (VAT) in the second quarter of the year. This is against N496.39 billion…
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond…
Semiconductor veteran Ron Black, the former CEO of the U.K.’s Imagination Technologies which used to design chips for Apple, is among a consortium that is interested in buying the country’s…
Wall Street’s main indexes were set to open slightly higher on Wednesday after data showed that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the…
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving OPEC’s biggest players and their allies more power and leaving…
U.S. stock index futures rose on Wednesday after inflation jumped, but not by quite as much as investors feared when stripping out volatile food and energy prices. Futures contracts tied…
The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices, amid concerns that rising inflation could derail the…
Deliveroo doubled orders in the first half of 2021, as appetite for food delivery services held up even as coronavirus restrictions eased. The British food delivery company reported orders of…
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation indicator. The yield on the benchmark 10-year Treasury note rose…
President Joe Biden said Tuesday he does not regret his decision to withdraw U.S. forces from Afghanistan, a move that effectively ends America’s longest war. “Look, we spent over a…
Senate Democrats took their first step toward passing a $3.5 trillion spending plan as the party forges ahead with a massive economic agenda. The Democratic-held chamber approved a budget resolution…
A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by environmental experts. Speaking to CNBC Tuesday, environmentalists outlined the role…
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks…
A transition to renewable sources of energy will prompt a surge in demand for base metals in the coming years, Wood Mackenzie has predicted. In a report published Monday, analysts…
China’s Lenovo Group Ltd (0992.HK), the world’s biggest maker of personal computers, on Wednesday posted a better-than-expected jump in first-quarter profit as COVID-19 curbs continued to spur work-from-home demand. Profit…
Facebook (FB.O) said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which aimed to enlist influencers to push anti-vaccine content…
Investors are ramping up the search for stocks that could benefit from a potential splurge in infrastructure spending, as a $1 trillion bipartisan bill here clears the Senate and heads…
Dutch bank ABN Amro reported on Wednesday a better-than-expected net profit of 393 million euros ($460.48 million)for the second quarter, as economic recovery helped reduce provisions for bad loans. Analysts…
The current inflation spike shouldn’t push the Federal Reserve to tighten monetary policy prematurely, with more months of labor data needed before any changes as well as more certainty that…
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels in the short to medium term, the Department of Petroleum…
Some of the main aims for the sales of forex to operators of licenced Bureau de Change outlets was to ease pressure on supply and firm up the naira; but…
The Stanbic IBTC Bank Nigeria’s Purchasing Manager Index (PMI) report has stated that the export of Nigerian manufactured goods, employment and productivity in the economy grew in the month of…