The World’s Largest Container Shipping Firm Posts Soaring Second-Quarter Earnings
Maersk, the world’s largest container shipping firm, has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue…
Year: 2021
U.S. FTC Says Facebook Misused Privacy Decree To Shut Down Ad Research
The U.S. Federal Trade Commission criticized Facebook Inc (FB.O) on Thursday for making “misleading claims” to explain why it had disabled the…
Qualcomm Tops Magna’s Bid With $4.6 Billion Offer For Veoneer
Chipmaker Qualcomm Inc (QCOM.O) said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc (VNE.N) for $4.6 billion, an 18.4%…
Robinhood Shares Dive 27.6%; Filing Sparks Worries Early Investors could Sell
Shares of Robinhood Markets Inc (HOOD.O) tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early…
Cooling Measures Doing Little To Slow New Zealand’s Housing Boom
Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government’s efforts to rein in the…
Nelson Peltz To Step Down From P&G Board
Procter & Gamble Co (PG.N) said on Thursday activist investor Nelson Peltz would step down from the company’s board at the end…
Analysis: Private Equity Struggles To Get In On $1 Trillion U.S. Infrastructure Bonanza
Private equity firms are fretting that a long-awaited $1 trillion infrastructure bill under negotiation by U.S. lawmakers will not create enough opportunities…
Fed’s Kashkari: Delta May Throw Wrinkle Into Taper Plan
Minneapolis Federal Reserve President Neel Kashkari on Thursday said the highly transmissible Delta variant of the novel coronavirus could throw…
Asian Shares Fall As Delta Variant Casts Shadow Over Growth
Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of…
Nigeria: Confusion As Emirates Says Nigerian Flights Remain Suspended
Emirates’ flights to and from Nigeria will remain suspended until 15 August 2021, the United Arab Emirates (UAE) carrier, has…
Nigeria CEOs Among Best Paid In Sub-Saharan Africa, PwC Says
Chief executives of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, according to a new report by PwC. The median…
The New Forex Ban And Its Short Term Market Reaction
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This announcement was made by…
Nigeria’s Financial System Sound, Stable, Resilient – CBN Governor
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money…
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2%…
Yuan Inches Up, Market Awaits Policy Guidance At Home And Abroad
China’s yuan inched up against the dollar on Thursday, although trade was thin as market participants awaited global policy indications…
DMO Unveils Transaction Advisers For N2.343 Trillion External Borrowing
The Debt Management Office (DMO) on Wednesday revealed that the Federal Executive Council has approved transaction advisers for the issuance…
Dollar Holds Gains After Hawkish Fed Comments
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal Reserve led…
FG Considers Blueprint To Reposition Free Trade Zones
Trade Zones – PUNCH AUGUST 05, 2021 BY Amarachi Orjiude The Federal Government has called on stakeholders in the private…
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Tech’s Pandemic Boom Is Coming To An End
The Covid boom times are coming to an end for tech companies. After reporting eye-popping growth throughout 2020 as more…
Iran’s Hardline Cleric Ebrahim Raisi Sworn In As President Amid Slew Of Tensions
Iranian cleric Ebrahim Raisi has been sworn in as the Islamic Republic’s new president against the backdrop of challenging negotiations…
Dr Anthony Fauci Warns More Severe Covid Variant Could Emerge As United State Cases Near 100,000
White House chief medical advisor Dr. Anthony Fauci has warned that a more severe Covid variant could emerge as the…
Biden To Aim For 50% EVs By 2030 With Industry Support
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold…
Target To Pay 100% Of College Tuition And Textbooks In Bid To Attract Workers
Target said Wednesday it will offer new perks to woo workers: a debt-free way to get a college degree and…
Stock Futures Rebound As Investors Await More Jobs Data
Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve…
Jobless Filings match estimates while continuing claims tumble below 3 millio
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, the Labor Department reported Thursday. First-time filings…
States Are Implementing New Educational Standards, Signaling The End Of Common Core
America is preparing for a return to school this fall semester, but curriculums might seem a bit different than they…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment benefits, while…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some…
Tesla Chair Denholm Sells Shares Worth More Than $22 Mln
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options,…