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…
Year: 2021
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…
Yuan Erases Year’s Gains Against Dollar As PBOC Steps Aside
People’s Bank of China in Beijing. The central bank vowed to increase currency flexibility. Photographer: Qilai Shen/Bloomberg , Bloomberg (Bloomberg)…
Govts, Organisations Urged to Increase Opportunities for Women
Governments at all levels as well as operators of private organisations have been advised to increase both leadership and economic…
CIBC CEO Calls For Policies To Boost Housing Supply As Prices Surge
Canadian Imperial Bank of Commerce Chief Executive Victor Dodig urged policymakers to focus on measures to boost the supply of…
A Basic Knowledge Of The Nigerian Stock Exchange Demutualisation
The recent news of the demutualisationof the Nigerian Stock Exchange flooded the markets with great excitement following its long anticipation.…
Sumeru Equity Leads $100 Million Funding In Canada-Based Tasktop
Tasktop Technologies Inc said on Thursday it had raised $100 million in a funding round led by technology-focused private equity…
UAC Records N7.1Bn Capital Returns To Shareholders
UAC Plc has recorded capital returns of N7.1 billion for its shareholders in the audited financial year ended December 31,…
NSE Resumes From Easter Holidays With N78bn Loss
The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due…
Microfinance Banks Seek Extension Of Recapitalisation Deadline
Microfinance banks in Nigeria will not be able to meet up with recapitalisation requirement of the Central Bank of Nigeria, within…
Nasdaq Futures Gain 1% Ahead Of Weekly Jobless Claims Data
Futures tracking the Nasdaq jumped about 1% on Thursday, as tech-related stocks climbed ahead of weekly jobless claims data, while…
China’s Capital Envisages 10,000 Fuel Cell Vehicles By 2025
The city of Beijing aims to have over 10,000 fuel cell vehicles on the road and build 74 hydrogen filling…
Europe Should Invest In Chip Design, Not A Mega-Fab: Think Tank
Europe’s ambition to make the most powerful computer chips risks wasting billions of euros, a German think tank said in…
Dollar Trades Near Two-Week Low As U.S. Yields Fall
The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields…
Cut The Debt Of Poor Countries, Pope Tells IMF, World Bank
Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to…
World Leaders Are Making Progress On A Huge Global Tax Overhaul
For years, world leaders have been trying to launch a historic overhaul of global tax rules, aiming to tackle an unwieldy system…