Real Time Financial News Website
Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons. But Popeyes, which has…
Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the…
Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020. These credits were largely recorded in…
The pan-European Stoxx 600 closed up by 0.5%, paring earlier gains after July’s final euro zone PMI (purchasing managers’ index) reading came in at a modest 56.5, with the bloc’s…
Nigeria’s exchange rate at the NAFEX window depreciated to N389 during intraday trading on Tuesday, August 4, 2020. In a similar situation, the exchange rate at the parallel market depreciated…
Sterling edged 0.6% higher on Wednesday against a broadly weaker dollar as the U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank. Sterling climbed back toward pre-pandemic…
Weakening demand due to anticipated second wave of the coronavirus pandemic and rising supply have continued to weigh on market sentiment, dampening crude futures. Oil prices opened lower on Monday…
Bitcoin surged above $12,000 but quickly retreated this week Trading Envelope gauge suggests the token could appreciate Bitcoin’s surge over the past week got a lot of hearts pumping. Now…
The dollar remained weak on Wednesday as a U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank, with investors weighing prospects of further monetary easing to support…
Apple B of A Securities downgraded Apple to “neutral” from “buy”, while raising its price target on the stock to $470 per share from $420. The firm said there are…
Oil prices rose to their highest since early March on Wednesday on a drop in U.S. crude inventories and the weak dollar, but mounting coronavirus infections weighed on the demand…
One of the forex market’s most attractive aspects is that it provides opportunities for novice and professional traders. Forex trading became popular in Nigeria in the 1970s when an increase…
It is shaping up to be yet another rough and rocky trading week for the battered Dollar as investors attack the currency at any given opportunity! The king of the…
Transport delays from South Africa against a backdrop of increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries. Chinese…
The U.S. economy has entered the third stage of the coronavirus pandemic called the “healing phase,” according to economist Michelle Meyer. The first and second phases occurred when businesses shut…
The Federal Reserve is completing a year-long policy review and is expected to announce the results soon.One big change would be a harder commitment to getting inflation higher, through a…
Mueller-Glissmann highlighted that the key driver of markets in recent months had not been optimism on growth, but rather optimism on inflation, and said there was a “tactical opportunity” for…
Sterling edged lower on Tuesday erasing earlier gains as the U.S. dollar moved briefly higher, while fears of a second wave of virus infections and a Bank of England policy…
Mr Promise Amahah, an economic expert says revamping ailing industries and economic diversification in the country will help to strengthen the value of the Naira among world currencies. Amahah stated…
Financial experts have said there is a need to address the foreign exchange challenge facing the manufacturing and trade sectors of the economy which was occasioned by the coronavirus pandemic.…
Shoprite, Africa’s largest food retailer, told investors on Monday that it is considering a potential sale of ” all or a majority stake” of its business in Nigeria. Shoprite is…
A rebound in the dollar faltered on Tuesday as political wrangling over a U.S. relief plan and the gloomy economic outlook kept investors shy of the currency. After its worst…
Gold was little changed on Tuesday, hovering below the previous session’s record peak as fears over the pace of economic recovery amid surging coronavirus cases were offset by upbeat U.S.…
Ford Motor CEO and President Jim Hackett will unexpectedly retire. Hackett, 65, will be succeeded by his heir apparent, Jim Farley, Ford’s chief operating officer, effective Oct 1. Farley, 58,…
Gold’s rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above that level is likely, freeing prices for more record highs,…
There is uncertainty over the Organisation of Petroleum Exporting Countries (OPEC) and allies’ plan to return supply to the market after the group’s output cuts, while the covid-19 pandemic continues…
Investors will continue to monitor U.S. fiscal stimulus talks, with Congressional Democrats and the White House on Monday hinting at progress as lawmakers look to hammer out a new coronavirus…
For every maritime stakeholder, the mention of world big ports like Shanghai, China and Singapore rings a bell about their level of perfection in cargo delivery operations. To many it…
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by six percent, month-on-month, to $937.27 million last month from…
The pound’s month-long rally came to a halt on Monday, as dollar strength pushed sterling back down towards $1.30, even as it remained flat versus the euro. July was the…