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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…
Govt To Borrow N5.62trn For 2022 Budget Deficit
The federal government has submitted a proposal to borrow N5.62 trillion to finance the budget deficit in the 2022…
Labour Seeks Special Allocation Of Forex To Manufacturers
Organised Labour has pleaded with the Federal Government to devise a special arrangement to ensure that foreign…
2022 Budget: FG Crashes Capital Expenditure, Despite Higher Earnings
The Federal Government’s fiscal operations in 2022 is set for contraction, despite higher oil earnings…
Oil Rises On Bargain-Hunting, Expectations That OPEC+ Will Not Boost Supply Soon
Oil prices rose on Tuesday, recovering from the previous day’s losses, as investors sought bargains and on…
Nigerian Equities Beat Global Stocks With N371b Gain
Nigerian equities closed weekend upbeat ahead of other major global stock markets with increased demand for…
Flee From Investments With Unrealistic Returns—SEC Warns Nigerians
For the umpteenth time, Nigerians have been warned to flee from investments that promise to offer them unrealistic…
India’s July Palm Oil Imports Plunge 43%, Says Trade Body
India's July palm oil imports plunged 43% from a year earlier to their lowest in five months, a leading trade body…
Tesla Expands Legal, External Relations Workforce In China
Tesla Inc (TSLA.O) is hiring managers for legal and external relations teams in China, according to a job post on…
EV Startups Hunt For Low-Cost Roads To Mass Production
Electric car and van startups racing to become the next Tesla Inc (TSLA.O) all want to avoid Elon Musk's journey…
Home Depot’s U.S. Sales Slow As DIY Frenzy Tapers Off
Home Depot Inc (HD.N) on Tuesday fell short of U.S. same-store sales estimates for the first time in nearly two…
Walmart Raises Forecast As People Return To Stores; Online Sales Slow
Walmart Inc (WMT.N)increased its annual U.S. same-store sales forecast after beating analysts' estimates on…
Automobile Shortages Weigh On U.S. Retail Sales
U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a…
ECOWAS Fixes January 2025 Deadline For Adoption Of Cleaner Fuels
Member countries of the Economic Community of West African States (ECOWAS) have set a January 2025 deadline for the…
Economic Outlook Getting Better, Adedipe, Others Claim
Chief Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe and Director, Monetary Policy Department of…
Forex Scarcity, Others Put Pressure On FMCG Companies’ Profits
Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira…
United State Stock Futures Dip After Dow, S&P 500 Close At Record Highs
U.S. stock index futures were slightly lower during overnight trading Monday, after the Dow and S&P 500 closed…
Chinese Electric Scooter Company Niu Shakes Off Pandemic Slump And Predicts Strong…
Almost three years since Chinese electric scooter start-up Niu Technologies listed in the U.S., the…
Pearson To Pay $1 Mln To Settle Charges It Misled Investors, U.S. SEC Says
London-based Pearson PLC (PSON.L) will pay $1 million to settle charges it misled investors about a 2018 cyber…
Dollar Steadies After Weak China Data; Fed Minutes Eyed
The dollar held its ground against major peers on Monday as disappointing monthly activity data from China helped…
Ranking The Currencies That Could Unseat The Dollar
This is the second installment in a series on global currencies. The first part details the forces eroding the U.S.…
BOE’s Inflation Alarm Deemed Overly-Cautious By Economists
Bank of England policy makers are being overly-alarmist on their outlook for inflation, economists’s forecasts…
Cardano’s ADA Token Is Now World’s Third-Largest Cryptocurrency
A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in…
China’s Oil Refining Tumbles To 14-Month Low Amid Crackdown
China’s oil refining slumped to the lowest level in 14-months as private processors scaled back operations amid a…
Australian Dollar Down On Weak China Data. Is AUD/USD Ready To Break Out?
The risk-off sentiment from early Monday morning in Asia continued after the release of Chinese data that was lower…
Manufacturers Urge Africa To Tap From AfCFTA
Whitfield, also the president of the Association of African Automotive Manufacturers (AAAM), in a statement,…