Real Time Financial News Website
The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices, amid concerns that rising inflation could derail the…
Deliveroo doubled orders in the first half of 2021, as appetite for food delivery services held up even as coronavirus restrictions eased. The British food delivery company reported orders of…
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation indicator. The yield on the benchmark 10-year Treasury note rose…
President Joe Biden said Tuesday he does not regret his decision to withdraw U.S. forces from Afghanistan, a move that effectively ends America’s longest war. “Look, we spent over a…
Senate Democrats took their first step toward passing a $3.5 trillion spending plan as the party forges ahead with a massive economic agenda. The Democratic-held chamber approved a budget resolution…
A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by environmental experts. Speaking to CNBC Tuesday, environmentalists outlined the role…
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks…
A transition to renewable sources of energy will prompt a surge in demand for base metals in the coming years, Wood Mackenzie has predicted. In a report published Monday, analysts…
Democrats unveiled their $3.5 trillion budget proposal on Monday, calling for significant spending increases for social programs and climate policy. The plan comes as the Senate is trying to push…
Momentum stocks have picked up speed to begin the week. The MTUM ETF, which holds stocks such as Alphabet and Tesla, led markets on Monday and has beaten the S&P…
SoftBank has offloaded shares of U.S. tech giants like Facebook, Microsoft, Alphabet and Netflix, according to its latest financial report released on Tuesday. The Tokyo-headquartered conglomerate invests in publicly listed…
China has tightened Covid-19 measures to combat an uptick in daily cases — a move that could hold back the country’s economic growth and hit its stock markets, said veteran…
Buy now, pay later” options are becoming increasingly popular, but analysts warn of default risks given the lack of credit checks and “opaque” debt reporting. Not being able to check…
As the OECD’s deadline for finalizing major reforms to the global tax system draws near, the Irish government recently opened a public consultation on the deal as it considers its…
United State Treasury yields were little changed early on Tuesday, as investors digested jobs data and comments from Federal Reserve officials, while awaiting key inflation readings later this week. The…
Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain.…
Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival Delivery Hero has taken a 5.09% stake in the business. The firm’s stock…
Treasury yields rose early on Monday, with investors focusing on job openings data set to come out later in the morning and inflation readings due to be released later this…
Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX:HFPC.U) announces that it has appointed Masai Ujiri as an independent director. Ujiri grew up in Zaria, Nigeria, attended college in the United States,…
Social impact investor Oikocredit provided a loan of € 1.6 million to Comafruits, a fruit processing company in Mali. Comafruits has been active for more than ten years in this…
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings and Gobi Ventures. Expressing his confidence in the startup, Tim Chen, vice president…
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure due to regulatory scrutiny from the Chinese government (and the possible impact…
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar ventures and Target Global at a valuation of $500 million. Founded…
Africa-focused public utilities manager Eranove Group has a new key shareholder after a $200 million investment by a company formed by fund managers Emerging Capital Partners, A.P. Moller Capital and…
Asia-Pacific markets traded mostly higher on Monday, with indexes in Australia, Hong Kong and the Chinese mainland posting gains. Australia’s benchmark ASX 200 rose 0.16% as investors kept an eye…
Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report. Futures on the Dow added 2…
Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump more than threefold by 2025, according to Jungle Ventures. Over the next…
European stocks are expected to open in negative territory on Monday, bucking more positive sentiment overnight in Asia. London’s FTSE is seen opening 17 points lower at 7,109, Germany’s DAX23…