Ark Invest Adds $124 Million Worth Tesla Shares
Cathie Wood’s Ark Invest funds added a further $124 million stake in Tesla on Tuesday as the shares closed below…
Category: Investing
AM Best Affirms Credit Ratings Of AXA Mansard
AXA Mansard Insurance Plc has said that its rating outlook by the global insurance rating agency, A.M. Best as stable…
Ant Investor Boyu Capital Targets $6 Billion For New Private Equity Fund – Sources
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising…
Show Us The Plan: Investors Push Companies To Come Clean On Climate
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the…
A Nigerian Refinery: Known As Dangote Refinery Set To Sell It’s First Oil In Early 2022
Having crossed all hurdles, the 650,000 barrels a day Dangote refinery an integrated refinery and petrochemical project under construction in…
Cryptocurrencies, Virtual Assets Pose Serious Risks For Nigeria – ICPC Boss
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Bolaji Owasanoye, on Tuesday said virtual assets…
Exclusive: Top Banks Asked To Justify Why They Still Clear Euro Swaps In London
Europe’s top banks must justify why they should not have to shift clearing of euro-denominated derivatives worth billions of euros…
Bitcoin Battles For Support At $50,000
Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency’s lofty valuation…
Britain’s G4S Recommends $5.4 Billion Allied Universal Bid, Ending Takeover Tussle
Private security firm G4S on Tuesday recommended shareholders vote for Allied Universal’s final offer valuing the British firm at 3.8…
Exclusive: South African Upstart Bank Teams Up With JG Summit To Expand Into Philippines
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of…
Investors Kick Against Concession Of Lagos Trade Fair Complex
An umbrella body for the 61 investors that secured different development lease agreements from the Federal Government through the Ministry…
Private Investors Fault Central Bank Of Nigeria’s N50Bn Injection Into Commodity Exchange
Private investors in commodity exchanges have faulted the plan by the Central Bank of Nigeria (CBN) to inject N50 billion…
Saudi Defence Firm SAMI Targets $5 Billion Annual Revenue By 2030
State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said…
India To Clear 45 Investments From China, Likely To Include Great Wall, SAIC
India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor…
Shares Turn Cautious As Bond Yields, Commodities Surge
Asian shares turned mixed on Monday as expectations for faster economic growth and inflation globally battered bonds and boosted commodities,…
Rio Tinto Executives Say Goodbye To 2020 With Chunky Payouts
Three Rio Tinto executives forced to leave the company after the destruction of sacred rock shelters at Juukan Gorge in…
OPEC, U.S. Oil Firms Expect Subdued Shale Rebound Even As Crude Prices Rise
OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze…
Tesla Has Made About $1 Billion In Profit On Its Bitcoin Investment, Analyst Estimates
Tesla has made roughly $1 billion in paper profits from its investment into bitcoin, according to Daniel Ives, analyst at Wedbush Securities.…
Bitcoin, Either Hit Fresh Highs
Bitcoin hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on…
What’s Behind SpaceX’s $74 Billion Valuation: Elon Musk’s Two ‘Manhattan Projects’
Elon Musk’s SpaceX is now worth $74 billion after it raised more capital last week – and the strong demand for shares means…
Saudi Arabia To Invest More Than $20 Billion In Its Military Industry Over Next Decade
Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of…
Coca-Cola Zero Sugar Will Be The Company’s Biggest Source Of Growth In 2021, CEO Says
The biggest source of growth for Coca-Cola over the next few years will likely be the zero-sugar version of the company’s namesake…
Brazil’s Bolsonaro To Oust Petrobras CEO After Fuel Pricing Spat
Brazilian President Jair Bolsonaro moved to replace the head of state-run oil company Petrobras, naming a retired army general with…
Bitcoin, Ether Hit Fresh Highs
Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross…
Bitcoin Steams To New Record And Nears $1 Trillion Market Cap
Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely…
European Shares Rise On Upbeat Hermes Earnings; Renault Slides
European shares edged higher on Friday as an upbeat earnings report from Hermes boosted confidence in a broader economic recovery,…
Barclays Resumes Dividend Payouts As Annual Profit Halves
Barclays has resumed shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting expectations other British lenders will…
Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom
Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth since the start…
Dollar Hits Five-Month High Against Yen As Inflation Talk Boost U.S. Yields
The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S.…
Bitcoin makes history hits $50,000 for the first time
The price of Bitcoin on Tuesday rose above $50,000 for the first time in history. The buzz around bitcoin grew…