Russia Central Bank Proposes Banning Small Investors From Buying Foreign Shares.
Russia’s central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign shares. As a step…
Month: July 2022
Southeast Asian Fast Food Operator QSR Again Delays Up To $500 Million IPO.
QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia; has again delayed its domestic IPO…
As Borrowing Costs Rise, Canadian Companies Look To Delay Expansion Plans.
Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike, and…
Bitcoin Rises 5.11% to $23,564.93
Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT, adding $1,145.77 to its previous close. Bitcoin, the world’s biggest and best-known…
Crypto.com, Trade Republic Register For Crypto Services In Italy.
Singapore-based Crypto.com and German investment platform Trade Republic on Tuesday said they had registered as cryptocurrency operators in Italy, following…
Netflix Soothes Wall Street Concerns With Customer Growth Forecast.
Netflix Inc (NFLX.O) averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop; from April through…
Buffett’s Berkshire Edges Closer To 20% Occidental Stake.
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) purchased another 1.94 million shares of Occidental Petroleum Corp (OXY.N), giving it an $11.4…
Russia Resumes Gas Flows Via Nord Stream, Europe Still Wary.
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage. The operator said, allaying…
Oil Prices Extend Losses As Demand Concerns Outweigh Tight Supply.
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. Government data showed…
EXCLUSIVE Shell Places U.S. Gulf Of Mexico Assets Up For Sale -Sources.
Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments; which…
Morning Bid: ECB’s Time To Hike, Italy’s Time For More Instability.
A look at the day ahead in markets from Tommy Wilkes. If the European Central Bank’s inflation headache wasn’t bad…
China To Repay More Depositors To Defuse Rural Bank Scandal.
Chinese regulators took fresh steps to defuse anger over a banking fraud that has sparked high-profile protests; by announcing a…
Gold Drops Below $1,700 An Ounce, Lowest Level In Over A Year Amid Anticipated Interest Rate Hike.
The price of gold declined in London, reaching its lowest level in over a year. As investors anticipated interest rate…
China Takes Steps To Ease Up On Regulatory Crackdown As Economy Slows
Chinese authorities imposed a $1.2 billion fine on ride-hailing firm Didi Global Inc, a move that signalled an end to…
Elon Says Tesla Could Buy Back Bitcoin After Selling $936 Million Worth.
Tesla, an electric car company run by Elon Musk, sold the majority of its bitcoin holdings in the second quarter…
Unilever’s India unit warns of higher prices as costs pressure margins
Hindustan Unilever Ltd, India’s largest consumer goods maker, warned on Tuesday that high inflation will dent its margins in the…
Exchange Rate Skyrockets To N644/$1 At Peer-To-Peer Market As Forex Scarcity Lingers.
Wednesday, 20th July 2022: The exchange rate between the naira and the US dollar closed at N426.58/$1; at the Investors…
Investors Of Nigerian Breweries Lose N27 Billion In A Trading Day.
Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange; has resulted in shareholders of…
Nigeria Can Unlock Non-Oil Export Opportunities, Says Ovia, Dangote, Others
Stakeholders, including Jim Ovia, founder and Chairman of Zenith Bank Plc; Aliko Dangote, chairman of Dangote Industries Limited, and Godwin…
China Fines Didi Global $1.2 Billion For Violating Data Security Laws.
China’s cybersecurity regulator fined Didi Global Inc $1.2 billion, concluding a probe that forced the ride-hailing leader; to delist from…
Tesla Profit Tops Target; Musk Sees No Demand Problem.
Tesla Inc (TSLA.O reported a smaller-than-expected drop in quarterly profit as a string of price increases; on its electric vehicles…
Darkness As Nigeria’s Electricity Grid Collapses Again, Sixth Time In 2022
Major Nigerian cities including the Federal Capital Territory were thrown into darkness on Wednesday when the country’s electricity grid collapsed. Electricity distribution…
Verve Welcomes First Francophone Merchant Aggregator, Targets 40 New Operators
Africa’s payment technology Verve International has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem. CinetPay,…
Exxon Mobil Dividend Yield Pushes Past 4%
In trading on Wednesday, shares of Exxon Mobil were yielding above the 4% mark based on its quarterly dividend (annualized…
Premint To Return $500K In Ethereum To NFT Hack Victims
NFT registration platform Premint, which suffered a hack over the weekend that stole more than 300 NFTs from users’ wallets,…
Elon Musk’s Tesla Sells 75% Of Its Bitcoin Holdings
Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. In its after-market earnings announcement,…
NIN: Why Nigeria May Miss World Bank’s 148 Million National Identification Number Enrolment Target
There are strong indications that Nigeria may miss the World Bank’s target of 148 million enrollments for the National Identification…
Canada’s Inflation Rate Hit 8.1% In June As Gasoline Prices Bite
Canada’s annual inflation rate accelerated to 8.1% in June, missing forecasts but remaining at its highest level since January 1983,…
Canada Home Price Index Growth Slows Again In June – Teranet
Canadian home price growth slowed sharply in June from May; with year-over-year price gains also inching off recent record highs,…
Why The Black Market Is Holding The Naira Ransom
The naira continued to devalue against the dollar as it traded at N630 per dollar. However, the official market saw…