Real Time Financial News Website
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation of the Nigerian Stock Exchange (NSE), saying the commission is…
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and…
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex bank gave the explanation in a statement on its official…
Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following the release of new anti-monopoly guidelines over the weekend. Chinese tech shares were…
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand.…
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with…
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its stock in the cinema operator, a target of the recent…
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three months to Dec. 31 compared with a loss a…
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a substantial rate during the period. In its report titled ‘PMI hits six-month low in…
European stocks were modestly higher Friday as investors look to vaccine rollouts for hopes of normalization, while global markets flirt with record highs. The pan-European Stoxx 600 inched around 0.25%…
Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style frenzy, although a stronger dollar limited gains. LME three-month copper rose 0.7% to $7,875…
China stocks ended higher for the week on Friday, as investors found support from a continued economic recovery, though Sino-U.S. tensions remained a worry. ** The blue-chip CSI300 index rose…
SINGAPORE — Shares in major Asia-Pacific markets slipped on Thursday, with South Korea leading the losses. The Kospi in South Korea declined 1.35% to close at 3,087.55. Mainland Chinese stocks…
Gold and silver slipped on Thursday, as the dollar and U.S. Treasury yields gained and markets awaited clarity on U.S. fiscal stimulus measures and the Bank of England’s policy outlook.…
In recent years, the mere mention of Deutsche Bank’s wholesale business has been enough to elicit a titter from rival bosses. They assumed that Chief Executive Christian Sewing’s 2019 decision…
The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission. According to…
As China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the fight to each other. Douyin — the Chinese version…
The company founded by Jack Ma saw revenues up 37% against the same quarter of 2019 to 221bn yuan ($34.2bn, £25bn). But the results come amid continued uncertainty over the…
According to the Manufacturers Association of Nigeria (MAN), the depreciation in value of the Naira reduces manufacturing production, as observed in the various foreign exchange crises, adding that high cost…
United States Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in GameStop Corp and other stocks,…
A prototype of a SpaceX rocket the company hopes will one day journey to the moon and Mars has exploded in a roaring ball of flames as it tried to…
No one likes doing their taxes. But there is very good reason for everyone to file a federal tax return this year, even if your 2020 income was so low…
Uber’s future used to be self-driving cars. Now it’s delivering alcohol. On Tuesday, the company announced that it is acquiring alcohol delivery startup Drizly for $1.1 billion in stock and…
Last year was looking like a record breaker for Chris Wiseheart’s transport company in Prague. Wiseheart, originally from Detroit, had built the business over nearly two decades from an airport…
European stock index futures fell more than 1% on Friday, tracking declines in Asian and U.S. equity markets on caution around a retail trading frenzy that gripped Wall Street this…
The process will put into play a business which has held government contracts ranging from prisoner transportation for the Ministry of Justice to maintenance of the UK’s rail and road…
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally. Futures rose 2.3% in New…
Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers. A court in the country’s capital, New Delhi,…
BEIJING, Feb 3 (Reuters) – China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed gains in automakers on expectations of strong sales growth this…
Goddy Egene writes that the 5.3 per cent gain recorded by the equities market in January is a positive development that is capable of attracting more investors In line with…