Canadian Inflation Jumps To 3.7%, Creating Trouble For Trudeau
Canadian inflation accelerated to match its highest reading in almost two decades, threatening to become a…
Yearly Archives
2021
Fed Govt Offers N150b Long-Term Bonds
The Federal Government will today auction medium-to long-term bonds valued at N150 billion as part of government’s…
UK Inflation Slows More Sharply Than Expected To 2.0% In July – ONS
British inflation fell to the Bank of England's 2% target last monthin an unexpectedly sharp slowdown that…
Sterling Hovers Near Recent Lows, Unmoved By Inflation Slowdown
Sterling hovered near a 3-1/2-week low on Wednesday after UK inflation data showed a sharper slowdown than…
Nigeria’s Economy May Grow To 2.5% In 2021, 2.6% In 2022, IMF Predicts
The International Monetary Fund (IMF) has maintained an unchanged economic growth rate of 2.5 per cent for 2021 and…
Forex – Labour Advocates Improved Monetary, Fiscal Policies
The leadership of Association of Senior Civil Servants of Nigeria (ASCSN) has called on federal government to take…
Nigeria’s Foreign Reserves To Surpass $40bn By September –Experts
Against the backdrop of a $3.35 billion direct allocations approved by the International Monetary Fund (IMF),…
U.S. SEC Says It Charges Former Netflix Staffers For Insider Trading
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it has charged three former engineers at…
Aurora Releases Tool To Gauge Safety Of Self-Driving Systems
Aurora, the Silicon Valley self-driving startup founded by former Tesla, Uber and Google executives, has released…
S&P 500, Dow Edge Lower Ahead Of Fed Minutes
The S&P 500 and the Dow inched lower in choppy trading on Wednesday as investors refrained from making big bets…
Big-Ticket Spenders Boost Lowe’s Sales, Shares Jump
Lowe's Cos Inc (LOW.N) said on Wednesday that professional builders and handymen were rushing back to its stores,…
U.S. Senators Urge FTC To Probe Tesla Over Self-Driving Claims
Two U.S. senators on Wednesday pressed the Federal Trade Commission (FTC) to probe Tesla (TSLA.O), saying the…
Nigeria’s Central Bank Reportedly Freezes Accounts Of Chaka, Bamboo; What Happens…
A Federal High Court sitting in Abuja has granted the Central Bank of Nigeria an order to freeze the accounts of…
Naira Abusers Risk Jail Terms, Central Bank Of Nigeria Warns
The Central Bank of Nigeria (CBN) has disclosed that it is working with the Nigeria Police Force (NPF), Federal…
Central Bank Of Nigeria Moves To Strengthen Cybersecurity In Other Financial…
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions…
Experts Raise Concern As Nigeria’s Inflation Falls To 17.38%
Economic experts have expressed concerns over the reported decline in the country’s inflation rate to 17.38 per…
TY Holdings Acquires 72% Stake In BOC Gases Nigeria
TY Holdings Limited yesterday announced to investing public that it has acquired 72 per cent stake in BOC Gases…
Stock Market Rebounds As Investors Gain N23bn
The equities market on the Nigerian Exchange Limited rebounded from the loss recorded on Monday with investors…
Dollar Settles Near 4-1/2 Month Highs As Risk Appetite Cools
The dollar held near a 4-1/2 month high versus a basket of major currencies on Wednesday as simmering concerns…
Mortgage Rates Hit Their Highest Level In A Month, And Weekly Demand Drops
Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in…
PayPal And Fiserv Partner To Allow Paycheck Deposits Into Venmo Accounts
Getting gig economy workers to send their paychecks directly to a PayPal or Venmo wallet is one of the goals of a…
Chinese Tesla Rival Xpeng Expands Production Capacity As Competition Heats Up
Chinese electric carmaker Xpeng is doubling the production capacity at one of its key plants as competition heats…
Tesla Is Facing A Critical Technical Support Level — And A Break Below Could Mean…
Tesla’s recent declines are taking the stock to treacherous territory, one trader warns.
Shares of the…
Stocks making the biggest moves premarket: Lowe’s, Target, Krispy Kreme And Others
Lowe’s (LOW ) – The home improvement retailer reported an adjusted quarterly profit of $4.25 per share, beating the…
Crypto Exchange Binance Hires Former US Treasury Criminal Investigator
Binance said on Wednesday it had appointed a former U.S. Treasury criminal investigator as its global money…
New Nissan Z Sports Car Unveiled As Halo Vehicle Amid Automaker’s Turnaround Plan
Nissan Motor on Tuesday unveiled its new Z performance vehicle — a favorite of enthusiasts and customizers — as an…
TSMC Overtakes Tencent To become Asia’s Most Valuable Company, As China Crackdown…
The world’s largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has overtaken Chinese tech behemoth…
European Stocks Nudge Higher Amid Inflation Data; Carlsberg Up 2%
European markets were slightly higher on Wednesday morning, as investors monitored inflation data and looked ahead…
Robinhood’s Shareholders: Are Crypto Wallets Coming And Do We Get Hoodies?
When Robinhood Markets Inc (HOOD.O) reports quarterly financial results on Wednesday for the first time since…
BlackBerry Software Flaw Could Impact Cars, Medical Devices – U.S. Agencies
A cybersecurity flaw in a software designed by BlackBerry Ltd (BB.TO) could put at risk cars and medical equipment…