Tencent Stops Sales On Its NFT Platform Huanhe A Year After Launch As Scrutiny Mounts.
Chinese internet giant Tencent Holdings’ (0700. HK) non-fungible token (NFT) platform Huanhe will no longer release digital…
Category: Market
Inflation Creates Recession Anxiety, Lowering Investor Confidence In Germany.
German investor sentiment fell slightly in August on concerns the rising cost of living will…
Pandora Shares Fall On Disappointing U.S. Sales.
Jewellery maker Pandora (PNDORA. CO) reported disappointing second-quarter sales in the U.S. Market; prompting its shares to…
Inflation Reduces Income While The UK’s Hot Labor Market Cools.
Britain’s super-hot labour market showed signs of cooling in official data published; as businesses became…
Amid Concerns About A Recession, Stocks And Oil Prices Are Unsteady.
Stock markets struggled for direction as they grappled with worries over global growth; following weak…
Dangote Cement Shareholders Lose N409 Billion On Sell Pressure.
Negative sentiment witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange has…
Thailand Hikes Rate For First Time Since 2018 To Tame Hot Inflation.
Thailand’s central bank raised its key interest rate for the first time in nearly four…
UK’s FTSE 100 Steady Ahead Of U.S. Inflation Data.
UK’s blue-chip FTSE 100 was steady on Wednesday as investors digested mixed earnings reports. While…
European Shares Dip As U.S. Inflation Data Looms; Ahold Jumps.
European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation…
Britain’s Truss backs powers to override financial watchdogs, says FT.
Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to…
Italy To Approve $14.5 Billion Package Against Inflation.
Italy plans to approve on Thursday a new aid package worth around 14.3 billion euros…
Gains From MTN Nigeria, 18 Other Stocks Lift Market Activities To Bullish Stance.
Activities on the Nigerian Exchange Limited (NGX) returned to positive route following gains recorded by…
China Raises Hope For Emerging Market Debt.
China’s commitment to restructure the $6 billion it is owed by Zambia is a good sign for…
Ether Overtakes Bitcoin In Options Market For The First Time Ever.
Ether, the native token of Ethereum’s blockchain, currently on the verge of switching its consensus…
NESTLE, MTN Drive SWOOTs Capitalization Down By N724 Billion.
The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 3.49% to…
FUGAZ Investors Lose N42.21 Billion.
The market capitalization of the top five banks, referred to as the Tier-1 banks or…
UK Inflation Expectations Fall Again As BoE Nears Rates Decision.
The British public’s expectations for inflation fell again in July, a survey showed, potentially adding…
US Slips Into Recession After GDP Contracts By 0.9% In Q2 2022.
The United States of America recorded a 0.9% contraction in its gross domestic product in…
Oil Rally To Stall As Recession Risks Counter Tight Supplies.
A rally in oil prices could stall as recession fears and COVID flare-ups in China…
Ether Rallies Above $1,700 As Developers Announce Date For “Goerli Testnet Merger”
Looks like Ether, the native token of the Ethereum blockchain is leading the end-of-month rally…
Debt Management Office Lists Triple-Tranche Bonds On Nigerian Exchange
The Debt Management Office (DMO) has listed a triple-tranche of $4 billion Eurobonds, $1.25 billion…
Prada’s mid-term targets look closer after strong first half
Luxury fashion group Prada beat first-half sales and profit forecasts and said it could reach…
Exchange Rate Falls Further To N718/$1 At Black Market.
Naira has depreciated to a record low at the black market after the local currency…
Central Bank Of Nigeria’s July 2022 Treasury Bills Auction Records 23% Oversubscription.
It is worth noting that, despite the rise in the interest rate, increased inflationary pressure…
Nigerians Run To Crypto Amid Falling Naira, Bitcoin P2P Trading Surge By 258% In 7 Days.
Many Nigerians are hedging against collapsing local currency by amassing dollar-denominated digital assets, in particular…
Atiku Proposes $10 Billion Economic Stimulus Fund To Support Agriculture, Manufacturing And MSMEs- Nigeria.
Atiku Abubakar, the presidential candidate for the Peoples Democratic Party, has stated that within the…
Nigeria Has The Second Largest Market For Cryptocurrencies In Africa In 2022- Bitget Report.
A new cryptocurrency market report titled, “What Does the Future Hold for Crypto Exchanges,” has revealed that;…
UK Retailers Downbeat About Outlook For August – CBI.
British retailers are downbeat about the outlook for August as the cost-of-living squeeze weighs on…
Shanghai Bourse Vows Market Stability Before Communist Party Congress.
The Shanghai Stock Exchange (SSE) vowed over the weekend to maintain market stability; ahead of…
Due To Tighter Budgets, Consumers Avoid Candles And Barbecue Kits.
Whether they make strawberry pound cake-scented candles or $300 brisket barbecue delivery meal kits, U.S.…