Real Time Financial News Website
History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down…
The oil price is holding steady close to $45 a barrel, but prices further forward and in the physical market are showing new signs of weakness mainly due to a…
The dollar steadied against major currencies on Monday as traders looked to the Federal Reserve’s annual Jackson Hole retreat for guidance on the outlook for U.S. monetary policy. FILE PHOTO:…
Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic…
Hong Konger Winnie Tong aims to move to Britain with her family in two years, but is stalling on plans to buy a house there after prices jumped almost 15%…
A majority of stock market strategists polled by CNBC expect Democratic candidate Joe Biden to win the U.S. presidential race — but they’re significantly split on what the election would…
When the death of George Floyd forced companies to reflect on why there were so few Black people in their senior ranks, top banks and private equity firms pledged to…
As serial defaulters Argentina and Ecuador near the finishing line on their latest sovereign debt overhauls, foreign creditors are nervy about investing again without macroeconomic reforms and International Monetary Fund…
The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients. The…
The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable. With prime office blocks lying empty around the world, hotels half-vacant and retailers struggling to stay afloat,…
Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue. With stocks closing at all-time highs after a record-making week, the narrow leadership from…
ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok, according to people familiar with…
Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of…
One of the hottest stay-at-home stocks could be set for more upside, said Todd Gordon, managing director at Ascent Wealth Partners. Videoconferencing stock Zoom Video has already rallied nearly 330%…
The euro reversed earlier gains and fell on Friday as an August batch of business surveys pointed to a stuttering economic recovery, although the dollar remained on course for its…
The lira, which hit a record low of 7.4 against the U.S. dollar this week, began rising along with energy shares on Wednesday when Erdogan made his cryptic comments to…
Last week, Onne Port in Rivers State made history when it received the biggest container vessel to ever visit the country. The vessel, investigation revealed, berthed at the port with…
The British pound rose to a 1-1/2-month high on Friday versus the euro and inched towards an eight-month high against the greenback after UK retail sales numbers for July came…
Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money…
BANKS and businesses are the worse hit by the continued dollar scarcity in the economy, analysts have said. Nigeria is facing one of its biggest dollar crunch in recent years…
The euro is becoming the go-to currency for safety and liquidity as we approach the U.S. presidential elections and investors bet on a rocky time for the dollar. This may…
The Federal Government has taken a bold step to protest indiscriminate charges by multinational shipping firms, who have continued to slam huge surcharges on Nigerian-bound cargoes. The surcharge about 400…
Its rich oil and gas resources notwithstanding, foreign direct investment in the South-South has been at a low ebb, for reasons, which economic analysts said, were associated with insecurity, lack…
U.S. home sales rose at a record pace for a second straight month in July and home prices hit a record as historically low interest rates boosted demand for homes…
On Friday, AMC, Regal, Cinemark and Marcus Corp and other major theater chains reopened their doors to the public after five long months of being shuttered due to the coronavirus.…
Over a two-week span in early July, seven retailers, including The Paper Store, Brooks Brothers and Lucky Brand, filed for bankruptcy protection. J.Crew, Neiman Marcus and J.C. Penney and four…
BEIJING — Once on the brink of bankruptcy, one of China’s largest electric car makers is pressing ahead with plans to expand to Europe and beyond. Nio, which listed in…
1. Wall Street under pressure heading into Friday trading U.S. stock futures dropped Friday morning, one day after Wall Street closed higher as strength in tech stocks offset concerns about…
Airbnb has made it official. The company announced this week it has filed to go public after submitting a draft registration to the Securities and Exchange Commission. This comes as…
U.S. business activity snapped back to the highest since early 2019 this month as companies in both the manufacturing and services sectors saw a resurgence in new orders even as…