Building Collapses In Lagos Nigeria.
A building collapsed in the early hours of Wednesday, July 2022 in Onipanu area of Lagos State. The affected building…
Day: July 13, 2022
Kadmos, a salary payments platform for migrant workers, raises $29.5M
Companies from across the industrial spectrum often rely on a migrant workforce employment. But being away from their domestic jurisdiction…
Russia’s Sberbank Executes First Digital Asset Issue On Its Platform.
Russia’s dominant lender Sberbank (SBER.MM) said it had carried out the first digital financial asset transaction on its own platform.…
Forex Flow To Nigeria Rise By $10.75bn.
Nigeria has recorded $10.75bn foreign exchange inflow in two months, figures obtained from the Central Bank of Nigeria have revealed.…
Zambia Plans To Cancel Over $2 Billion Projects To Rein In Debt.
Zambia is cancelling more than $2 billion worth of projects financed by commercial loans. To reduce the risk of accumulating…
Japan’s Machinery Orders Fall For First Time In 3 Months.
Japan’s core machinery orders slipped for the first time in three months in May. Hurting hopes that a pickup in…
Danske Cuts Profit Outlook Due To Challenging Financial Market Conditions.
Danske Bank (DANSKE.CO) reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions.…
Asian Firms May Struggle To Refinance Dollar Debt, Ratio Suggests
Asian companies are likely to find it harder to refinance dollar-denominated debt. The decline in a key metric suggests; with…
Chinese Property Developer Ronshine Misses Interest Payments On Two Bonds.
Chinese property developer Ronshine China Holdings Ltd (3301.HK) has not made interest payments on its June 2023 and December 2023…
Shell Invests $38 Million In Carbon Credit Projects In Brazil.
Shell (SHEL.L) said it has invested 200 million reais ($38.07 million) into a Brazilian preservation-focused company. Carbon credit developer Carbonext…
Oil Companies Oppose FG- Nigeria.
Oil and gas companies have committed to gas flare reduction in Nigeria. Some of them opposed the enforcement of penalties…
China Industry Body Cuts 2022 Auto Sales Growth Forecast To 3%
China’s automobile industry association downgraded its 27022 sales forecast; as anti-pandemic measures weighed on the economy and its car market,…
Bank Of Korea To Hike Rates By Historic 50 Bps
South Korea’s central bank will deliver its first-ever 50 basis point rate rise to 2.25%; turning up the heat on…
Twitter Hires Law Firm Wachtell To Sue Musk After Pulling Out Of $44 Billion Deal
Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk;…
Brazil’s Itau To Buy 35% Stake In Broker Avenue For $92 Mln, Eyes Control Later
Brazil’s largest private lender Itau Unibanco Holding SA (ITUB4.SA) has agreed to acquire control of Avenue; a brokerage that provides…
Essity Buys 80% Of Canada’s Knix Wear For $313 Million
Sweden’s Essity on Friday said it had agreed to buy 80% of Canadian company Knix Wear. A maker of leakproof…