Real Time Financial News Website
Whether they make strawberry pound cake-scented candles or $300 brisket barbecue delivery meal kits, U.S. Companies are telling investors to expect consumers to cut back on discretionary spending with inflation…
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in dollars. The Government employees concluded this action following collapse in the…
Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama “Sex and the City”; it has won a legal battle in China to…
U.S. development agency USAID will provide Kenya with $255 million in emergency and development assistance to tackle drought, administrator Samantha Power said on Friday. The Kenyan government says 4.1 million…
Payments due on international bonds issued by Russia’s Gazprom (GAZP.MM) have been transferred to some creditors, a source familiar with the matter; amid the economic tit-for-tat surrounding the country’s gas…
On Feb. 2, when Meta Platforms (META.O) reported Facebook’s first-ever quarterly drop in daily users; its finance chief identified higher mobile data costs as a unique obstacle slowing growth in…
Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution ahead of crucial central bank meetings in which rate hikes…
Hungary has blocked an EU directive that would impose a 15% minimum tax on multinational corporations, arguing the levy would deal a “low blow” to European competitiveness and endanger jobs.…
The Nigerian FG has announced that the subsidy on petrol is estimated at N6.72 trillion for 2023, which would be fully provided for. This was disclosed by the Ministry of…
The German government has agreed on a bailout for Uniper UN01, -8.24%, which reduced Russian gas imports have hit, the company said. Terms call for the German state to take…
The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation; as the likelihood…
A Director of Patrons, an art advisory and dealership firm, Keturah Ovi;, says Nigeria has the capacity to tap into the $65.1 billion global art market. Ovio said this while…
Santander has dropped out of the process to buy Citigroup’s (C.N) Mexican retail bank; after having previously submitted a non-binding offer earlier this year. The euro zone’s second-biggest bank by…
Nigeria could spend up to 6.72 trillion naira ($16.2 billion) next year if it keeps a fuel subsidy in place; Finance Minister Zainab Ahmed, a nearly 70% jump from this…
German business activity unexpectedly shrank in July, a preliminary reading of a purchasing managers survey showe;, as companies were hit by inflation pressures and supply chain disruptions. S&P Global’s flash…
Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing; and a near-stalling of service sector growth as burgeoning costs pushed consumers to cut back…
Pension funds fixed in bank placements rose by N520.25bn from N1.64tn as of the end of April 2021 to N1.99tn as of the end of April 2022. Figures obtained from…
Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South Korea. Warsaw’s defence minister was quoted, as the country strengthens…
Alpha Bank (ACBr.AT), one of Greece’s four largest lenders, said it signed a binding agreement to sell; a 400 million euro ($407 million) portfolio of unsecured bad loans to Hoist…
Central banks around the world are singing from the U.S. Federal Reserve’s hymn sheet – and it could well be a coda to the dollar’s startling appreciation of the past…
Denmark’s central bank raised its key interest rate by 0.5% points to minus 0.1%; following a rate hike earlier in the day by the European Central Bank (ECB). Unlike most…
\Amazon.com Inc (AMZN.O) agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion. Expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time.…
Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased; according to an industry survey that might reduce pressure on the Bank of England…
Telecom Italia (TLIT.MI) shares and bonds fell after ratings agency Moody’s downgraded the phone group’s credit rating. Moody’s cut TIM’s rating by one notch to ‘B1’, citing expectations that the…
Businesses across the euro zone continued to report mounting inflation pressures and an acceleration in wage growth. Even as the overall growth outlook becomes increasingly murky, the European Central Bank…
TrustBanc Holdings Limited, the parent company of three regulated financial services companies; said it has successfully closed its series 7 and 8 commercial paper issue for a total amount of…
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI); have started looking for staff this month after Russian authorities moved to block them exiting the country;…
Gogo Inc. the world’s largest provider of broadband connectivity services for the business aviation market, today announced that it will release its financial results for the second quarter of 2022…
AT&T Inc on Thursday raised its forecast for annual revenue growth at its wireless service business after reporting a jump in quarterly subscriber additions, as it bets on more people…
Shopify Inc announced a partnership with Alphabet Inc’s (GOOGL.O) YouTube to allow merchants to sell through the video platform, as the Canadian company looks to tap into the growing number…