Biden’s Executive Order To Promote Competition In The U.S. Economy Includes Over 70 Initiatives
President Joe Biden will sign an executive order on Friday that includes 72 initiatives he wants over a dozen agencies…
Category: Business
Bitcoin, Ether Tumble As Investors Take Off Risk Amid Global Markets Slide
The price of bitcoin dropped Thursday as investors began shedding risk amid an equity markets decline. Fears of a slowing…
Swedish Crypto Scammer Sentenced To 15 Years In Prison
A Swedish man wanted by the United States for defrauding over 3,500 victims of more than $16 million has been sentenced to 15…
Fintech Circle To Merge With Bob Diamond-Backed SPAC In $4.5 Bln Deal
Circle, which provides payments infrastructure for digital currencies, said on Thursday it would go public in a blank-check merger deal…
Labor Monitor Flags ‘Weaknesses’ In Mexico’s Drive To Boost Worker Rights
Mexico’s effort to stamp out employment contracts signed behind the backs of workers has “significant weaknesses” and should be reformed,…
ECB Failed To Agree On New Guidance, To Revisit July 22 – Sources
European Central Bank policymakers failed to agree on a new policy guidance when they finalised the conclusion of a broad…
Banks Tighten Grip On FX Market As Algo Trading Rises – Survey
Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market last year, with new…
Analysis: A Fine Mess: Weak Inflation Prompts A Global Central Bank Reset
It is an article of faith among central bankers that the decisions they make about how much money to create…
Virus Woes And Tech Crackdown Hammer Stocks; Bonds Rally
Asian stocks fell to a six-week low on Thursday as an extended selloff in tech shares in Hong Kong and…
EU Fines Volkswagen, BMW $1 Bln For Emissions Cartel
The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for…
Post-Fed Taper Tantrum? Not This Time, Market Strategists Say
Global markets won’t have a violent “taper-tantrum” like they did in 2013 even as though U.S. Federal Reserve is expected…
Dollar Firm Near 3-Month High After Fed Minutes Affirm Taper Timeline
The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve’s June policy…
FTSE Russell To Remove More China Stocks From Indexes Over U.S.Ban
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback…
Europe’s SoftBank Prosus Plays Long Game To Shrink Value Gap
Prosus, Europe’s answer to SoftBank and its Vision Fund, is betting that its long-term investments can fill a yawning valuation…
S.Korea’s Samsung SDI Considers Building Battery Cell Plant In U.S.
South Korea’s Samsung SDI Co (006400.KS) may build a battery cell plant in the United States to support the auto industry’s shift…
U.S. Stocks Edge Up After Fed Minutes, Bonds Steady, Dollar Firm
U.S. Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs after minutes from…
S&P 500 Edges Higher, Holds Gains After Fed Minutes
The S&P 500 rose slightly on Wednesday and held its gains after the Federal Reserve released the minutes from its…
U.S. Dollar Little Changed Following Fed Minutes
The dollar was slightly higher on Wednesday after the release of the minutes of the U.S. Federal Reserve’s latest policy…
Analysis: U.S. IPO Market A Danger Zone for Chinese Firms After Beijing Crackdown
China’s stepped-up scrutiny of overseas listings by its companies and a clampdown on ride-hailing giant Didi Global Inc (DIDI.N) soon after its…
Senate Approves Buhari’s $6bn Loan Request
The senate has approved the $6.1 billion loan request by President Muhammadu Buhari. The $6.1 billion loan request — N2.343…
AMCON Decries N1.4bn Debtors’ Promissory Notes
The Assets Management Company of Nigeria (AMCON) said it has over N1.4 billion promissory notes offered by bank debtors who…
Investing in Ethereum? What you need to know about it and why it’s not just another bitcoin
As institutional investors become more comfortable with bitcoin, many have also taken an interest in ether, the native currency…
Cramer questions why anyone would buy a Chinese IPO ever again after Didi debacle
CNBC’s Jim Cramer believes Didi Global’s post-IPO debacle may permanently change American investors’ attitudes toward Chinese companies seeking to go public on…
Dangote Refinery, Others To Buy Crude In Naira
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum…
Oil Market: Price Of Brent Hits $77.16 Per Barrel As OPEC, Non-OPEC Ministers Postpone Talks
The price of Brent, Monday, rose to $77.16 from $76.10 per barrel, in the international market, following the indefinite postponement…
Planned N4.8trn Borrowing: Each Citizen May Owe N217k By Next Year As Nigeria’s Debt Hits N43.4trn
The plan by the federal government to go for a fresh loan of N4.68 trillion to fund its 2022 budget would jack…
GBP/USD In For A Volatile Ride This Week, Focus On The Downside Below 1.3890
GBP/USD is currently trading at 1.3853 and a touch higher on the day by 0.2%. Cable has travelled between a…
Iran Says It Can Quickly Hike Oil Output If Sanctions Are Lifted
Iran’s Oil Minister Bijan Namdar Zanganeh said his country has taken “many measures” to ensure it can raise crude production…
Banks To Remain Resilient Despite Inflation, Currency Headwinds’
Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banks’…
UAE Rejects Extension Of OPEC+ Oil Production Deal To End-2022
The United Arab Emirates said it rejects a plan by other members of OPEC+ to extend the group’s agreement to…