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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…
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…
10-year Treasury yield drops to another record below 1.04% as historic fall in…
The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields…
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…
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 cost more than…
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…
Citadel, BlackRock, and D1 Capital are racking up hundreds of millions in gains as…
What might end up being the worst week for stocks in over a decade hurt a little less for some asset managers.…
Warren Buffett discussed Apple, bitcoin, coronavirus, and Bernie Sanders in an…
Warren Buffett is renowned for making witty and insightful comments that many investors turn to for guidance.…
Financial markets under pressure as coronavirus spreads
Worries about the economic consequences of the coronavirus epidemic hit financial markets on Monday with…
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:…
Bitfxt raises N5.45 billion from UK firm
Bitfxt, a Nigerian cryptocurrency startup, has raised N5.45 billion from Payitup clearinghouse Ltd. The amount,…
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,…
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…
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…
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed…
The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector…
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…
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…
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…
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…
Markets Wrap
The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for…
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…
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…
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…
IMF’s Georgieva Says Lack of Reforms Is Hurting Global Economy
The head of the International Monetary Fund said the lack of deeper improvements in the…
Stocks gain as data shows lower new coronavirus cases
Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases…
Brexit may present Nigeria mixed trade opportunities
The recently concluded deal on Britain’s exit of the European Union, popularly called Brexit, may present Nigeria…
AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for…
Trade challenges ahead for the shipping industry
BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community…
Canada invites fresh 3,500 candidates to apply for Permanent Residence
The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent…