U.S. Stocks Edge Higher; Yield Spike Hits Tech
U.S. stocks eked out a record, though rising Treasury yields continued to weigh on technology stocks. The dollar jumped. The S&P 500 closed higher amid rallies in financial and industrial…
ECB Doesn’t Intend Faster Bond-Buying To Mean More Stimulus
The European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, Oct. 21, 2020. A push for a ECB green lending program to help the fight against climate change has…
Higher Yields For Investors As T-Bill Rates To Near Double-Digit In H1
Fixed-income investors seeking high-yielding securities in the markets will not be disappointed in the first half of 2021 as analysts expect the rates on the Federal Government short-term debt instruments…
The Corporate Taxman Cometh
Global investors are obsessing about borrowing costs, discount rates and inflation risks as the world emerges from the shocking pandemic – but they are also starting to pore over coming…
Investors Dump Bonds And Gold, Pile Into Equities
Investors piled into equities, while pulling money out of gold and bonds in the week up to March 10, data from BofA Global Research showed. BofA’s weekly flows report showed…
Britain’s Burberry To Beat Forecasts After Sales Rebound
British luxury group Burberry said on Friday it would beat market forecasts for profits and revenues in its final quarter after a strong rebound in sales since December, sending its…
Power To The Beeple: Digital Art Fetches $69.3M At Auction
American artist Beeple became the first to sell a purely digital piece of artwork at auction, fetching more than $69.3m for “Everydays – The First 5000 Days”, a stunning collage…
UK Exports To EU Slump In First Month Of New Brexit Trade Ties
Exports and imports from Britain to the European Union plunged during the first month of the country’s new trade relationship with the bloc, according to data published on Friday with…
ECB’s Villeroy Flags Flexibility On Bond Purchases
The European Central Bank will be flexible at all levels in its bond purchases, ECB policymaker Francois Villeroy de Galhau said on Friday after the bank announced plans to accelerate…
Southeast Asia’s Grab In Talks For U.S. Listing Via $40 Billion SPAC Deal: Sources
Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with a U.S. special purpose acquisition company that could value it…
Rakuten To Sell 8% Stake To Japan Post In Amazon Battle
Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the…
From $318K To $0: Bitcoin Price Predictions For 2021
What will be the price of Bitcoin in one year? Ten years? Twenty years? Watch our latest video for our speculation! The moderates The Stock-to-Flow (S2F) model created by PlanB…
China’s JD.com In Talks To Purchase Stake In Brokerage Worth $1.5 Billion – Sources
JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims…
Commodities Trader Buys $36 Million Of Copper And Gets Painted Rocks Instead
Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all…
What Happens When Robinhood Traders Walk Out Of The Stock Market?
The findings support the view that the popularity of zero-commission brokers has attracted a new type of uninformed equity-market participant
Stakeholders Canvass Policies to Regulate Cryptocurrency
The Nigerian Technology Industry Group has said there should be core policies that would help in regulating cryptocurrency providers in Nigeria. The group stated this following the directive given by…
Using Ibori Loot For Lagos-Ibadan Expressway, Abuja-Kano Rail Line Unjust – Sagay
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has advised the President, Major General Muhammadu Buhari (retd.), to use the loot to fund projects in Delta State.…
Warren Buffett’s Net Worth Surpasses $100bn, Forbes Says
US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, Forbes…
Dangote Set To Earn N13bn In Dividend From Sugar Business
Chairman of Dangote Group, Aliko Dangote, is expected to earn a dividend of N13.1bn for the financial year 2020 from his stake in Dangote Sugar Refinery Plc. Africa’s richest man…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS Terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints and Bank Verification Numbers (BVNs). This followed the introduction of…
Nokia Signs Patent License Pact With Samsung
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday. While the companies did not disclose the…
Asia Stocks Soar As Receding Inflation Worries Bolster Confidence
Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns about inflation and lifted the Dow Jones Industrial Average to…
Investors Bracing For Bank Of Canada To Taper As Decision Looms
The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the first clues on its next moves coming as early as this week.…
Reddit Forums Get Behind Roblox Ahead Of Stock Launch
Roblox Corp is set to join the ranks of the so-called “meme stocks” such as GameStop at the center of social media-fueled rallies that have gripped Wall Street when the…
Hilton Grand Vacations To Buy Diamond Resorts International For About $1.4 Billion
Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc from funds managed by affiliates of Apollo Global Management Inc, Reverence Capital Partners and other stockholders…
ITV Shares Fall After Presenter Morgan Leaves Broadcaster
Shares in British broadcaster ITV plc fell on Wednesday with traders attributing at least part of the move to the resignation of television presenter Piers Morgan from his high-profile breakfast…
US Companies Invested A Total Of $3.8Billion In Five Years In Nigeria
Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand their operations in the country in the last five years and plans…
Bitcoin Mania Triggers Fundraising Rush By Chinese Players
Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector. From large listed companies tapping public markets…
States, Others Not Funding 3.5 Million Workers’ Pension – PenCom
The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by their workers as of the end of 2020. The implication…