After $25b On Maintenance, FEC Approves New $1.5b For PH Refinery
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari yesterday, approved the sum of $1.5 billion, about N575…
Category: Business
DMO Lists N162.56bn Sukuk Bond On NSE
The Debt Management Office said on Thursday that it listed its third sovereign Sukuk, N162.557bn seven-year 11.200 per cent AL…
Stock Market Bearish Again, Indices Down By 0.04%
Negative sentiments resurfaced on the Nigerian Stock Exchange on Wednesday with the key indicators dropping by 0.04 per cent due…
Capital Group Becomes Second-Biggest Investor In ABB
U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on Friday, becoming…
Corteva to Appoint Three Directors Proposed By Starboard
Corteva Inc said on Friday three new independent directors proposed by activist investor Starboard Value LP will join the agriculture…
Room With A View: Investors Check Out Italy’s Top Hotels
International investors are casting an eye over some of Italy’s grandest hotels whose family owners may be persuaded to part…
Futures Rise As Spike In Bond Yields Eases
U.S. stock index futures edged higher on Friday following a steep pullback in the prior session as bond yields withdrew…
UK’s Taylor Wimpey, Countryside Asked To Drop Unfair Ground Rent Terms
British homebuilders Taylor Wimpey and Countryside Properties must remove contract terms that lock leaseholders into rents that double every 10…
British Airways Considers Selling Its Headquarters After Homeworking Switch
British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means…
Benchmark German Bonds Rise, Set To End Week Unscathed From U.S. Sell-Off
AMSTERDAM, March 19 (Reuters) – Benchmark German bonds rallied on Friday, tracking U.S. Treasuries, and were set to end the…
Oil Steadies After Sell-Off As Demand Doubts Persist
Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave…
Autonomous Driving Startup Momenta Raises $500 Million From SAIC, Toyota, Others
Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto…
Bond Managers Say Pace Of Rise In U.S. Bond Yields ‘Unsettling’
The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major…
Starbucks Shareholders Reject CEO Pay Proposal In Rare Move
Starbucks shareholders voted against the company’s CEO pay proposal in a rare move that may indicate some shareholders think the…
US-China Talks Could End Up Inflaming Trade Tensions
Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe…
Foxconn In Talks With Vietnam’s Vinfast On Electric Car Partnership
Taiwan’s Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with…
Swedish EV Charging Company Charge Amps Raises $15 Million
Swedish maker of electric vehicle charging solutions, Charge Amps, said on Friday it had raised 130 million crowns ($15.3 million)…
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a…
Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting: Administrator
Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims of more than A$1.75 billion…
Twenty Years On, EU Turns Cold On Mercosur Trade Deal
As the European Union looks forward to a fresh start with the United States under a new president, it is…
China’s Small Tech Firms Step Out Of The Shadows As Giants Reel From Regulatory Crackdown
One firm’s loss is another’s gain. China’s smaller technology companies and investors are eager to seize the day as a…
Dollar Falters As Fed Dashes Early U.S. Rate Hike View
The U.S. dollar fell on Wednesday, after the Federal Reserve said it does not expect to raise interest rates through…
Nokia Sees Its Comparable Operating Margin Growing To 10-13% In 2023
Finnish telecom equipment maker Nokia sees its comparable operating margin growing to 10-13% in 2023, it said on Thursday. Nokia…
Pakistani Province Plans To Build Pilot Crypto Currency Mining Farms
The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish…
Britain Sets Sights On ‘Big Four’ Auditors In Market Shake-Up
Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud…
BlackRock Ups Focus On ‘Natural Capital’ Ahead Of AGM Season
BlackRock on Thursday warned companies that rely on nature or have an impact on natural habitats to publish a “no…
Steeper And Higher: U.S. Bond Tantrum Averted, But Worries Remain
Markets may be less fearful of a “taper tantrum” after the Federal Reserve’s latest meeting, but the prospect of higher…
Fed Patience Calms Yields For Now, But Market Feels Like ‘Coiled Spring’
The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic…
China Regulators Held Talks With Alibaba, Tencent, Nine Others On ‘Deepfake’ Tech
– Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of…
Stocks Cheer Dovish Fed, Yen Supported Before BOJ Decision
Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and…