Real Time Financial News Website
Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore…
The stock market does not appear as strong as the headline numbers in the benchmark index may portray after taking a look at the performances of its components, CNBC’s Jim…
Treasury yields fell on Thursday after the government’s latest report on the U.S. unemployment situation showed that the number of Americans filing for jobless benefits for the first time climbed…
Department store chain Lord & Taylor is closing two dozen stores for good as it continues to search for a buyer to restructure under Chapter 11 bankruptcy protection and keep…
Johnson & Johnson plans to begin what would be the largest, late-stage trial testing a potential coronavirus vaccine in September, the company confirmed Thursday. The phase three trial would enroll…
American Airlines said Thursday it plans to cut service to 15 small U.S. cities with low demand in October after the terms of federal aid requiring the flights expires. American…
Production has started in Germany on the first electric SUV from the Volkswagen brand, marking the latest push by the world’s largest carmaker into cleaner vehicles. Volkswagen announced Thursday that…
Olympique Lyonnais’ (OL) shares fell on Thursday after the French soccer club’s defeat by Bayern Munich in the Champions League semi-final. Lyon’s shares, which had risen at the start of…
Chairman of the Nigerian Bar Association (NBA) Section on Business Law (SBL) Mr. Seni Adio (SAN), has praised President Muhammadu Buhari for signing into law the new Companies and Allied…
Short-term home rental company Airbnb said on Wednesday it filed confidentially for an initial public offering with US regulators, setting the stage for one of 2020’s marquee stock market debuts.…
China’s Alibaba Group Holding Ltd (BABA.N) beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses benefited from the coronavirus-led shift to online shopping…
As the U.S.-China “tech war” widens, investors are betting on China’s efforts to replace U.S. technologies with indigenous applications to run networks in the state sector. In recent months, local…
Dubai state carrier Emirates Airline will serve all of its 143 destinations by the summer of 2021, with the frequency of flights depending on demand, the company’s chief operating officer…
Nigeria is making frantic efforts to stop Enron Nigeria Power Holding (ENPH) from enforcing a $22 million arbitration award that could risk the country’s assets in the US, TheCable can…
Nigeria’s naira fell 1.04% on Tuesday to a low of 480 on the black market after the government said it would reopen airports for international travel in two weeks’ time,…
Nigerian importers have decried the huge surcharge imposed on them by international shipping firms for cargoes brought into the country. Also, some critical industries in the country are groaning under…
Sterling remained driven by the weaker U.S. dollar on Wednesday in thin August trading, even though British inflation jumped unexpectedly last month to its highest since March. FILE PHOTO: A…
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.…
The consumer price index increased only 0.1% from the same month a year earlier, Statistics Canada reported Wednesday from Ottawa. That’s a reversal from last month when inflation turned positive…
Apple has become the first American company to be valued at $2 trillion. The company crossed the $2 trillion dollar mark on Wednesday after being the first in the world…
Ride-hailing competitors to Uber and Lyft are already preparing to seize the moment if the industry leaders decide to pull their service in California while fighting a new labor law.…
Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new customers online, setting a record for same-store sales that…
No new high-level trade talks have been scheduled between the United States and China but the two sides remain in touch about implementing a Phase 1 deal, White House Chief…
Target CEO Brian Cornell said he’d like to see Congress strike a stimulus deal, but he credited closed movie theaters and canceled summer vacations for driving spending during the retailer’s…
General Motors Co (GM.N) is planning an electric car offensive in China with more than 40% of its new launches in the country over the next five years set to…
Jeff Bezos, founder and CEO of Amazon, ended Tuesday with a record net worth of $197.8 billion, the highest fortune Forbes has recorded in nearly four decades of tracking billionaires.…
The U.S. dollar is driving a wedge between volatility expectations for global currencies and U.S. stocks. The greenback’s plunge last month jolted currencies so profoundly that a gauge of expected…
The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures from the Central Bank of Nigeria have shown. The CBN…
Gold had its best day since April on Monday, but market history says it may be time to bet against the precious metal. A surprising development helped to propel gold…
Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes…