Real Time Financial News Website
Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to override financial regulators if they hold back post-Brexit reforms. Britain’s departure from the European Union…
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents; and industry sources, avoiding the U.S. dollar and cutting the risk of…
Ukraine’s grain, oilseed, vegetable oil exports rose 22.7% in July versus June to 2.66 million tonnes. Grain exports slumped since the start of the war because its Black Sea ports,…
Workers have continued to groan under the adverse effect of inflation on their income. Economists define inflation as the rise in the general price level over a period of time.…
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial…
The United States Treasury Department has announced today that it has banned American citizens from using Tornado Cash. A famous decentralized crypto-mixing service, in which one of its features so…
Rising cases of oil theft which has affected Nigeria’s earning capacity in a period of high crude prices could be worse than imagined; as the Federal Government revealed that Nigeria…
Following the correction experienced last week, the price movement of Ethereum, the main altcoin, has begun to recover. After that, a higher local low, which eventually cause prices to rise.…
For seven consecutive weeks, Institutional investors have been investing heavily into Ether-based digital asset funds; as these products have recorded inflows in the weeks in question. Ether based asset funds…
Australia’s central bank said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia; focusing on what potential economic benefits it…
SoftBank Group Corp (9984. T) is planning to cut headcount at its flagship Vision Fund investing arm; CEO Masayoshi Son said, after a crash in its portfolio pushed his conglomerate…
Shares edged lower and the dollar hung off recent highs as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal…
South Korea’s telecommunications regulator on Tuesday said it plans to launch an investigation into app store operators such as Apple Inc (AAPL. O), Alphabet’s Google and One Store over suspected…
Germany’s economy will lose more than 260 billion euros ($265 billion) in added value by 2030; due to the Ukraine war and high energy prices, spelling negative effects for the…
The Bank of England will probably have to raise interest ratesto tackle inflation pressures; that are gaining a foothold in Britain’s economy, BoE Deputy Governor Dave Ramsden said. Inflation’s spread…
Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of…
David Handler, a veteran banker who had built Centerview Partners’ technology advisory business; has filed a lawsuit against his former employer to obtain records that would help determine how much…
Tesla Inc (TSLA.O) said trading in its three-for-one split shares will start on Aug. 25; after the electric vehicle maker’s shareholders approved the proposal during its annual meeting. Shareholders of…
The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change; lower drug prices and raise some corporate taxes, a major victory for President Joe…
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill; arguing SAF is more carbon intense and less…
Shareholders of UK investment trust Trian Investors 1 Ltd (TI1) (TI1. L) have voted at an extraordinary general meeting to remove Chris Sherwell as company chair. TI1’s investment management strategy…
Japanese investors purchased heavily in foreign equities in July, as global stocks rebounded last month on the back of positive earnings and hopes of less aggressive monetary tightening measures from…
After plummeting to an all-time low of N710.00 the value of the local currency in Nigeria increased dramatically this week; when compared to the US dollar on the P2P market…
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021; a 15.6% increase compared to N16.31 billion spent in the previous year; and…
The commodities market in 2022 has been nothing short of a rollercoaster ride, especially in the Oil and Energy market, where the volatility is similar to that seen in the…
A recent report by Chainalysis, a blockchain data platform that provides data, software, services, and research; to government agencies, exchanges, and financial institutions, has estimated that a total of $2…
The crypto market has been progressively improving since early July despite macroeconomic headwinds. As it temporarily reached the $ 24k milestone, Bitcoin has enjoyed a steady climb over this time.…
The Organisation of Petroleum Exporting Countries raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per day; as Brent, the global benchmark for crude, dropped in…
Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay.. “Amazon continues to reject working with trade unions to deliver better working conditions…
Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase (COIN.O). Block (SQ.N), as a chill in the cryptocurrency market adds more pain to the companies grappling; with surging…