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China’s Yuan Eases, But Basket Index Rises To 5-1/2-Year High
The Chinese yuan eased to a three-week low against a firmer dollar on Thursday, while its value against the…
Gold Falls As Fed Minutes Boost U.S. Dollar
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed…
Goldman Sachs Economists Cut Q3 Growth Forecast For U.S.
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from…
Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back…
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary…
Naira Weakens Further To 517 Against Dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in…
Solar Could Be 40% Of U.S. Power By 2035 -Biden Administration
Solar could supply more than 40% of the nation's electricity by 2035 - up from 3% today - if Congress adopts…
Fifty Shades Of Green: EU Sustainable Fund Rules Muddy The Waters
If you want to invest in a fund branded as sustainable under new European Union rules, you're spoilt for choice.…
Crude Sinks To Three-Month Low As Fuel Demand Wanes
Crude in New York dropped to the lowest since May after a surprise increase in U.S. gasoline inventories signaled…
Exchange Rate Used For Purchasing Stocks Via Fintech Apps Falls To N522/$1
The exchange rate for converting naira to dollar using FinTech apps nosedived to N522/$1 according to data collated…
Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight
Nigeria’s state governors sued the federal government for allegedly failing to share billions of dollars in…
Canadian Inflation Jumps To 3.7%, Creating Trouble For Trudeau
Canadian inflation accelerated to match its highest reading in almost two decades, threatening to become a…
Fed Govt Offers N150b Long-Term Bonds
The Federal Government will today auction medium-to long-term bonds valued at N150 billion as part of government’s…
UK Inflation Slows More Sharply Than Expected To 2.0% In July – ONS
British inflation fell to the Bank of England's 2% target last monthin an unexpectedly sharp slowdown that…
Sterling Hovers Near Recent Lows, Unmoved By Inflation Slowdown
Sterling hovered near a 3-1/2-week low on Wednesday after UK inflation data showed a sharper slowdown than…
Nigeria’s Economy May Grow To 2.5% In 2021, 2.6% In 2022, IMF Predicts
The International Monetary Fund (IMF) has maintained an unchanged economic growth rate of 2.5 per cent for 2021 and…
Forex – Labour Advocates Improved Monetary, Fiscal Policies
The leadership of Association of Senior Civil Servants of Nigeria (ASCSN) has called on federal government to take…
Nigeria’s Foreign Reserves To Surpass $40bn By September –Experts
Against the backdrop of a $3.35 billion direct allocations approved by the International Monetary Fund (IMF),…
S&P 500, Dow Edge Lower Ahead Of Fed Minutes
The S&P 500 and the Dow inched lower in choppy trading on Wednesday as investors refrained from making big bets…
Big-Ticket Spenders Boost Lowe’s Sales, Shares Jump
Lowe's Cos Inc (LOW.N) said on Wednesday that professional builders and handymen were rushing back to its stores,…
U.S. Senators Urge FTC To Probe Tesla Over Self-Driving Claims
Two U.S. senators on Wednesday pressed the Federal Trade Commission (FTC) to probe Tesla (TSLA.O), saying the…
TY Holdings Acquires 72% Stake In BOC Gases Nigeria
TY Holdings Limited yesterday announced to investing public that it has acquired 72 per cent stake in BOC Gases…
Mortgage Rates Hit Their Highest Level In A Month, And Weekly Demand Drops
Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in…
Chinese Tesla Rival Xpeng Expands Production Capacity As Competition Heats Up
Chinese electric carmaker Xpeng is doubling the production capacity at one of its key plants as competition heats…
Huawei Will Return To Smartphone Throne’ Despite Crippling Sanctions,…
Huawei Technologies' (HWT.UL) chairman said while U.S. sanctions have choked its smartphone business, it will not…
Woodside Investors Jittery On Petroleum Merger, BHP Falls On Listing Change
Shares in BHP Group Ltd. (BHP.AX) and Woodside Petroleum fell on Wednesday as investors digested details of the…
Analysis: As Investors Look To Jackson Hole, Options Markets See ‘A Lot Of…
Traders in U.S. equity options do not expect the Federal Reserve’s symposium in Jackson Hole, Wyoming later this…
Yuan’s Global Use Faces A Test As Xi’s Reforms Rattle Markets
The Chinese yuan has been making inroads in the world of cross-border payments in recent years, but a pair of data…
Forex: Labour Backs CBN, Makes Case For Manufacturers
Following the current foreign exchange squeeze being experienced in the country, organised labour, under the aegis…
Pound Hits 3-Week Low Vs Dollar As Risk Appetite Weakens
Britain’s pound hits its lowest level in three weeks against the dollar on Tuesday as weakening risk sentiment…