Real Time Financial News Website
Russia’s central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign shares. As a step to protect investors after Western sanctions left them with billions…
QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia; has again delayed its domestic IPO of up to $500 million on worries that poor macroeconomic…
Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike, and instead are sharpening their focus on protecting profits, analysts say.…
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 cryptocurrency, is up 33.9% from the year’s low of $17,592.78…
Singapore-based Crypto.com and German investment platform Trade Republic on Tuesday said they had registered as cryptocurrency operators in Italy, following in the tracks of rivals such as Binance and Coinbase(COIN.O).…
Netflix Inc (NFLX.O) averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop; from April through June, and predicted it would return to customer growth during…
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 billion stake and putting it nearer a threshold where it…
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage. The operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin; had…
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. Government data showed tepid gasoline consumption during the peak summer driving season. Brent…
Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments; which could raise as much as $1.5 billion for the energy…
A look at the day ahead in markets from Tommy Wilkes. If the European Central Bank’s inflation headache wasn’t bad enough, its first interest rate rise since 2011 will land…
Chinese regulators took fresh steps to defuse anger over a banking fraud that has sparked high-profile protests; by announcing a second round of repayments to depositors whose funds were frozen…
The price of gold declined in London, reaching its lowest level in over a year. As investors anticipated interest rate increases by major central banks to tame the growing inflation.…
Chinese authorities imposed a $1.2 billion fine on ride-hailing firm Didi Global Inc, a move that signalled an end to a year-long probe into the ride-hailing firm’s cybersecurity practices. read…
Tesla, an electric car company run by Elon Musk, sold the majority of its bitcoin holdings in the second quarter of 2022. Which according to Musk was done in order…
Hindustan Unilever Ltd, India’s largest consumer goods maker, warned on Tuesday that high inflation will dent its margins in the current quarter and could result in higher prices of its…
Wednesday, 20th July 2022: The exchange rate between the naira and the US dollar closed at N426.58/$1; at the Investors and Exporters (I&E) window, where forex is traded officially. Naira…
Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange; has resulted in shareholders of Nigerian Breweries Plc losing about N26.717 billion in a trading…
Stakeholders, including Jim Ovia, founder and Chairman of Zenith Bank Plc; Aliko Dangote, chairman of Dangote Industries Limited, and Godwin Emefiele, governor of Central Bank of Nigeria, have said Nigeria…
China’s cybersecurity regulator fined Didi Global Inc $1.2 billion, concluding a probe that forced the ride-hailing leader; to delist from New York within a year of its debut and made…
Tesla Inc (TSLA.O reported a smaller-than-expected drop in quarterly profit as a string of price increases; on its electric vehicles (EVs) helped offset production challenges caused by COVID-19 lockdowns in…
Major Nigerian cities including the Federal Capital Territory were thrown into darkness on Wednesday when the country’s electricity grid collapsed. Electricity distribution companies announced Wednesday that the collapse occurred at…
Africa’s payment technology Verve International has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem. CinetPay, the Ivorian-based FinTech provides online and Point-of-Sale (POS) payment solutions…
In trading on Wednesday, shares of Exxon Mobil were yielding above the 4% mark based on its quarterly dividend (annualized to $3.52), with the stock changing hands as low as…
NFT registration platform Premint, which suffered a hack over the weekend that stole more than 300 NFTs from users’ wallets, today announced that it intends to repay the victims of…
Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. In its after-market earnings announcement, Elon Musk said in a shareholder presentation that “Bitcoin…
There are strong indications that Nigeria may miss the World Bank’s target of 148 million enrollments for the National Identification Number by June 1, 2024. This is even as the…
Canada’s annual inflation rate accelerated to 8.1% in June, missing forecasts but remaining at its highest level since January 1983, mainly on rising gasoline prices, Statistics Canada data showed. Analyst…
Canadian home price growth slowed sharply in June from May; with year-over-year price gains also inching off recent record highs, as rising interest rates began to chill the market; index…
The naira continued to devalue against the dollar as it traded at N630 per dollar. However, the official market saw it trade at N430 to the dollar because of the…