Oil steady as downbeat Chinese data offset demand hopes
Oil prices remained steady on Monday as mixed Chinese economic data tempered hopes for increased demand during the northern hemisphere’s…
Category: World
Goldman Sachs raises S&P 500 year-end target to 5,600
Goldman Sachs has increased its 2024 year-end target for the S&P 500 Index to 5,600, up from a previous target…
Shares stable, euro downtrodden as political turmoil saps market mood
Shares stabilized on Monday as European stocks partially recovered from last week’s losses, with the euro remaining weak amid ongoing…
SK Group to protect affiliates from hostile takeover after chairman’s divorce ruling
South Korea’s SK Group Chairman, Chey Tae-won, addressed concerns on Monday about the potential impact of his recent divorce payment…
At Toyota shareholder meeting, all eyes on level of support for chairman
Toyota Motor Corporation’s Chairman, Akio Toyoda, is expected to secure re-election at the automaker’s annual general meeting (AGM) despite recent…
Meta Trims Office Space in Lagos after layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, is downsizing its office space in Lagos, Nigeria, following workforce reductions…
Amazon to invest $230 million in generative AI startups globally
Amazon Web Services (AWS) has launched a $230 million fund to support startups globally in accelerating the creation of generative…
G7 partners pledges $420-million-dollar investments for Africa as Nigeria positions
Leaders from the Group of Seven (G7) countries, along with representatives from Italy and the United States private sectors, have…
World Bank, WTO, NITDA Move To Enhance Digital Trade
The National Information Technology Development Agency (NITDA), the World Bank, and the World Trade Organisation (WTO) have joined forces to…
Hyundai Upgrades 2025 Santa Fe
Hyundai has unveiled the fifth generation of the popular Santa Fe, featuring significant upgrades including a new 1.6-liter hybrid engine…
South African pay-TV group MultiChoice slides into annual loss
South African pay television company, MultiChoice Group, reported a pre-tax loss of $38 million for the financial year ending March…
Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion
Saudi Arabia successfully sold shares in oil giant Aramco, raising over $11.2 billion. The sale, priced towards the lower end…
Samsung Electronics union in South Korea stages first walkout
Samsung Electronics’ workers’ union staged the company’s first-ever strike on Friday, demanding higher wages. While the walkout is unlikely to…
Banks say growing reliance on Big Tech for AI carries new risks
The rise of artificial intelligence (AI) in banking is a double-edged sword, according to European banking executives. While AI offers…
Americans are getting pickier, but they are still spending on hot items
Investors are analyzing US credit card spending data to understand which retailers are likely to perform well this summer. While…
China’s exports rise solidly, but slower imports temper outlook
China’s exports grew for a second consecutive month in May, offering a glimmer of hope for the country’s economic recovery.…
Morning Bid: US check on sub-4% jobless, China imports slow
Global markets are currently in a holding pattern, awaiting the release of the US employment report. This report, due out…
Stock market rally pauses as US jobs data looms
Global stock markets are currently in a wait-and-see mode, with investors closely monitoring the upcoming US jobs report. This report…
Major Japanese Banks to Divest $8.5 Billion in Toyota Stock
Two of Japan’s largest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), are reportedly planning to…
EU aviation regulator to allow FAA to observe its plane audits
European aviation regulators are proposing a new level of cooperation with their American counterparts. The European Union Aviation Safety Agency…
Chinese security firm Nuctech challenges EU raids over alleged subsidies
Nuctech, a Chinese company manufacturing security scanners, is suing the European Commission after its offices were raided on suspicion of…
Boeing’s Calhoun says board will decide his successor
Boeing’s outgoing CEO David Calhoun is stepping down by the end of the year. The board is actively searching for…
Toyota Recalls Over 100,000 Vehicles Due to Potential Engine Stall
Attention Toyota and Lexus owners! There’s a recall on certain 2022-2023 Tundra pickup trucks and LX 600 SUVs equipped with…
Paramount Global’s top execs detail restructuring plan; shares fall
Paramount Global is undergoing a major shakeup. Facing declining revenue from traditional television and a yet-to-be-profitable streaming service, the company…
UK dedicated to maximising trading scheme uptake – Envoy
The British government is eager to leverage a trade scheme designed to benefit developing countries like Nigeria. The Developing Countries…
After trial, investors weigh Trump 2.0 factor as election looms
Last week, Donald Trump became the first former president to be convicted of a felony, but Wall Street remains optimistic…
Iran-Africa Trade Reaches $1.2 Billion, with Iran Targeting Nigerian Market
The Government of the Islamic Republic of Iran announced that its trade with African countries has reached $1.2 billion over…
Chinese companies rush to hike dividends, buy back shares in Japan-style reform
Chinese companies are responding to government calls to improve investor returns by offering record dividends and share buybacks. This has…
Saudi Arabia Considers Selling More Aramco Shares
Saudi Arabia is preparing to announce a potential secondary share offering for Aramco, its state-owned oil giant. This offering, if…
Oil prices steady as solid U.S. crude demand offsets rate concerns
Oil prices remained relatively unchanged today as conflicting factors influenced the market. Upward pressure came from a recent decline in…