Bernstein Double Upgrades Beyond Meat, Says Buy The Dip On This Reopening Play
It’s time for investors to buy the dip in Beyond Meat to take advantage of a coming rebound, according to Bernstein. The…
Category: World
Wells Fargo Sees Little Upside For Tesla Shares From Here With Stock Pricing In Big Expectations
Tesla’s stock still looks pricey even after a recent pullback and long-term concerns could limit its upside, according to Wells…
Goldman Starts Coinbase With A Buy Rating And Says The Stock Can Jump More Than 30%
Investors should ride through volatility in the crypto space by buying shares of Coinbase, according to Goldman Sachs. Analyst Will Nance…
CEE MARKETS-Crown Firms, Other FX Up As Weak Dollar Stays Weak
Central European currencies edged up on Monday, with the Czech crown testing a fresh14-month-and-a-half high against the euro, lifted by…
Pound Pinned Near $1.42, Address By BoE Quartet Awaited
Britain’s pound held in a tight range on Monday, trading just shy of $1.42 as analysts set their eyes on…
Dollar Stuck Near 3-Month Lows, Bitcoin Struggles
The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust…
Foreign Reserves Down $790m
Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil prices. The foreign reserves stood…
Currency Dealers Warn Against Forex Speculation
The Association of Bureau De Change Operators of Nigeria (ABCON) has attributed the pressure facing the naira at the parallel…
Crypto Recovery Stalls As Miners Eye Exits
Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset…
New Finnish Finance Minister Promises Continuity When She Takes Office Next Week
Annika Saarikko, the leader of Finland’s Centre Party who will take over as finance minister next week, said on Saturday…
C.Banks In Ghana, Kenya And Nigeria To Keep Rates Steady Next Week
Central banks in Ghana and Kenya will keep interest rates on hold next week to check quickening inflation while foreign…
U.K.’S Patel To Unveil Post-Brexit Overhaul Of Immigration
U.K. Home Secretary Priti Patel is set to announce a “wholesale” reform of the nation’s immigration system in the wake…
Nigeria Economic Growth Picks Up As Oil And Factory Output Rise
Nigeria’s economic growth quickened in the first quarter as oil output started to recover and manufacturing production increased for the…
Bitcoin Resumes Selloff Over Weekend, Falls Below $32,000
The bitcoin selloff continued Sunday following a roller-coaster week of trading, as authorities in China and the U.S. move to tighten regulation…
Consolidation In FX May Be Welcome Given The Volatility Elsewhere
The reluctance of the Federal Reserve officials to signal a recalibration of policy given the booming economy, rising inflation and…
PBOC Says It Will Maintain Exchange Rate ‘Basically Stable
China’s central bank said it will maintain the exchange rate of the yuan at “basically stable” levels after recent comments…
White House Makes $1.7 Trillion Infrastructure Counteroffer — But Republicans Say Sides Now Seem Further Apart
WASHINGTON — White House aides working on a bipartisan infrastructure deal made a counteroffer on Friday to Republican senators, reducing…
Stocks could be volatile in week ahead amid turbulence from cryptocurrency
The trading pattern of the past two weeks – particularly alongside cryptocurrency’s movements – suggests stocks could continue to be…
Wealth Fund That Quadrupled Profits Now Pivots With Bet On Europe
One of Africa’s largest sovereign wealth funds rode the wave of U.S. technology stocks to a banner 2020. Now, it’s…
EU Disburses €10m To Combat Human Trafficking In Nigeria
The European Union (EU) says it has invested 10 million euros in Action Against Trafficking in Persons and Smuggling of…
China Should Let Yuan Rise To Offset Imported Price Rises, C.Bank Official Says
China should let its yuan currency strengthen to help offset the impact of rising import prices, a central bank official…
CNY: Hints Of A PBoC Change In FX Policy Priorities?
A central bank official has today proposed that China should let the yuan appreciate to offset the rising costs of…
IMF Pushes G20 States To Back $50bn Global Mass Vaccination Drive
Wealthy nation backing for a $50bn (£35bn) mass global vaccination drive could provide a $9tn boost to the world economy, the…
Hong Kong To Restrict Crypto Exchanges To Professional Investors
Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city’s markets regulator and will only be…
Pound Hits Two-Year High Against Dollar Amid Optimism For UK Recovery –
The pound reached a two-year high against the dollar (GBPUSD=X) on Friday amid rising hopes for a rapid economic recovery…
Sterling Steadies After Strong Retail Sales Data; PMIs In Focus
The British pound was steady in early trading on Friday, on track for a weekly rise versus the dollar, after…
China Will More Than Double Millionaires By 2025, HSBC Says
Pedestrians walk past a Prada SpA store in the Wangfujing shopping area of Beijing, China, on Monday, Dec. 7, 2020.…
Bitcoin’s Claim Of Rivaling Gold As Portfolio Hedge Loses Luster
ISTANBUL, TURKEY – APRIL 16: A woman uses a bank ATM next to a Bitcoin ATM machine at a…
FOREX-Dollar Set For Weekly Loss As Taper Fears Subside; Crypto Bounce Loses Steam
The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns…
How U.S. Government Paper Currency Began, And How Private Banknotes Ended
A couple months ago, in arguing that “The Fed should give everyone a bank account,” journalist Matt Yglesias cited what he took to…