US markets in sharp drop amid rollercoaster over coronavirus
US stock markets closed sharply lower again on Thursday as fears about fallout from the virus outbreak sent more shudders…
Category: World
Embattled Twitter chief Dorsey reconsiders Africa move amid coronavirus concerns
Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey said on Thursday he is reconsidering a proposed stint in Africa this…
OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional…
FX intervention pressure mounts on Brazil central bank to sell dollar reserves
Brazil’s currency is weakening so quickly the central bank may soon be forced to set aside its free-market principles and…
IMF: coronavirus means 2020 growth will be lower than 2019
The International Monetary Fund is to offer $50bn (£39bn) in emergency funding for countries hit by the coronavirus, as it…
Next Bank of England governor calls for funds for coronavirus-hit firms
The incoming governor of the Bank of England, Andrew Bailey, has called on the government to offer emergency financial support…
South Africa Central Banker Sees No Need for Emergency Rates Meeting
South Africa’s central bank sees no need for an emergency meeting on interest rates and will wait for its regular…
Global bankers’ committee reviews banking risks
The Basel Committee on Banking Supervision has concluded a two-day meeting in Basel during which the global bankers’ body reviewed…
China overtakes Germany as biggest containership nation
CHINA has overtaken Germany as the biggest nation in the container shipping sector in terms of total TEU. “The fact…
10-year Treasury yield drops to another record below 1.04% as historic fall in yields continues
The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields continued…
Forex: Turnover in I&E up by 46% to $8.2bn in Feb
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market grew by…
Total Is Said to Bid for Stake in $7.4 Billion U.K. Wind Farm
French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may…
It was a hellish week to be a billionaire
It was a bad day to be a billionaire. As stocks plummeted worldwide Monday on coronavirus fears, the 10 richest people in…
Citadel, BlackRock, and D1 Capital are racking up hundreds of millions in gains as coronavirus fears tank airlines, cruises, and movie-theater stocks
What might end up being the worst week for stocks in over a decade hurt a little less for some…
Warren Buffett discussed Apple, bitcoin, coronavirus, and Bernie Sanders in an interview this week.
Warren Buffett is renowned for making witty and insightful comments that many investors turn to for guidance. The 89-year-old investor…
Financial markets under pressure as coronavirus spreads
Worries about the economic consequences of the coronavirus epidemic hit financial markets on Monday with uncertainty among investors noticeably on…
Cash-Rich Berkshire Embraces the Idea of Life After Buffett
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change: Shareholders will…
Bitfxt raises N5.45 billion from UK firm
Bitfxt, a Nigerian cryptocurrency startup, has raised N5.45 billion from Payitup clearinghouse Ltd. The amount, which was raised in a…
US solar jobs have risen 167% since 2010, new data shows
The solar industry in the U.S. employed 249,983 people in 2019, a 2.3% increase compared to the previous year, according…
UK inflation unexpectedly hits six-month high in January, pushed up by fuel prices
British inflation unexpectedly struck a six-month high in January, pushed up by higher petrol prices and a smaller-than-usual drop in…
Asia markets bounce back as investors monitor China’s return to production
Asia markets mostly recovered on Wednesday after tumbling a day before, with investors closely monitoring China’s progress in returning to…
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says
The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to…
Nasdaq rises, heads for record close as Apple shares cut losses
The Nasdaq Composite traded slightly higher on Tuesday as gains from Netflix and Google-parent Alphabet offset a drop in Apple shares. The…
GM, Fiat Chrysler and Toyota resume auto production in China
General Motors, Fiat Chrysler and Toyota Motor on Tuesday confirmed that they’ve reopened their factories or are beginning to restart production in China following…
Restructuring: HSBC to cut 35,000 jobs in next 3 years
Banking giant, Hongkong and Shanghai Banking Corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in the next…
Japan’s Horrific GDP Spiral Poses Major U.S. Stock Market Threat
The global economic outlook saw another dark storm-cloud brewing on Sunday evening as Japan, the world’s 3rd largest economy, reported…
Markets Wrap
The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for the March…
HSBC misses expectations on 2019 pre-tax profit, shares down nearly 3%
HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European…
Coca-Cola Beat Earnings, but Shares Have Gone Parabolic
The Coca-Cola Company (KO) reported better-then-expected earnings before the opening bell on Jan. 30. The stock has been trading higher…
U.S.-Kenya Trade Talks Seen a Risk for Africa Regional Pact
A possible U.S.-Kenya free-trade agreement could undermine an existing continent-wide commerce pact and limit Africa’s power to negotiate with the…