Real Time Financial News Website
Sovereign wealth funds will have to navigate growing regulatory scrutiny across some of their favoured areas for investment such as pharmaceuticals, infrastructure, technology and logistics, a new report said on…
Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year, and focused instead on optimism that…
Abercrombie & Fitch Co reported a better-than-expected quarterly profit on Tuesday and said it would resume share buybacks, as the apparel retailer cut costs and sold products at higher average…
Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring plan expected to help it out of bankruptcy by early- to…
Logistics company Imperial recently announced that it has acquired 60% of ParcelNinja. The deal took effect on 1 February. The e-commerce business offers outsourced warehousing and business to South African…
There is an ongoing forex craze fueled by multi-level marketing schemes with the promise to earn you passive income on the side and even crazier, financial freedom. You need to…
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading,…
Nigerian equities sunk into the red in February with sustained losses in four consecutive weeks eroding early gains and building up losses in most portfolios. Deputy Group Business Editor, Taofik…
The European Central Bank has the flexibility to counter any undesired rise in bond yields, the bank’s vice president told a Portuguese newspaper after several policymakers called on the bank…
Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce market that has grown rapidly during the…
After raising $110 million in a Series B capital raise, Tyme plans to expand its digital bank for the underserved into Asia and Southeast Asia, starting with the Philippines. Tyme,…
Emerging Capital Partners (ECP), a pan-African leader in private equity, announced on February 3, 2021 that it had crossed the threshold of 5% of the capital of the Tunisian group…
The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform. The registration of this CP Programme strategically…
The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in…
StarTimes, the Chinese-owned Pay-TV operator with tentacles across Africa, is at “serious risk” of receiving a court-mandated “winding-up” order over US $11million debt. Reports say StarTimes Media “repeatedly failed to…
Foreigners were net sellers of Asian equities for a second consecutive month in February, hit by a jump in U.S. Treasury yields, which prompted investors to book profits in regional…
In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched for free online. Last week, he sold it for…
Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos…
The Australian dollar and other riskier currencies rebounded against the U.S. dollar on Monday, as a sell-off last week in global bonds on worries about eventual monetary policy tightening appeared…
U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that inflation may become difficult to tame, prompting more assertive policy action. In a recorded…
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can only be comic, if not also idiotic and otiose. Yes,…
From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their biggest monthly rises in years as expectations for a post-pandemic…
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks lower. Japan’s Nikkei 225 (N225) tumbled 4%, while Hong Kong’s…
The standoff between central banks and bond traders took center stage in Asia on Friday after Treasury yields surged to a one-year high, forcing policymakers into a slew of debt…
U.S. investment company Artisan Partners joined activist investor Bluebell Capital Partners on Friday in demanding that French food group Danone finds a new chief executive. Chairman and Chief Executive Emmanuel…
France’s Neoen has won A$160 million ($128 million) in cheap finance from the Australian government to help fund what will be one of the world’s biggest batteries, which it said…
Global stocks jumped on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a long time, calming market fears that higher inflation might prompt…
Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1…
India’s largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG Acquisition Corporation II, in a deal that values the merged…
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly $900 million recall that lays bare the thorny issue of…