Banks Set Monthly Cash Deposit Limit For Domiciliary Accounts
The amount of cash that can be deposited into domiciliary accounts of customers in Nigeria has been reduced by banks, Business…
Category: World
Yuan Slips As Sino-U.S. Tensions Weighs On Appetite
China’s yuan slipped on Wednesday as Sino-U.S. tensions weighed on risk appetite, defying central bank attempts to guide it higher…
Bitcoin Tumbles Below $40,000 After China Issues Warning
Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not…
$280 billion wiped off crypto market as bitcoin falls below $40,000 for first time in 14 weeks
Bitcoin fell sharply on Tuesday continuing a major sell-off that began a week ago. The digital currency fell over 13% to…
Overvalued Dollar Will Weaken Further If Fed Fails To Respond To Higher Inflation: MUFG
According to MUFG analysts, the US Dollar (USD) remains overvalued in global currency markets. Inflation differentials will widen the gap and weaken…
UK Sends $5.97 Mln Of Jailed Politician’s Stolen Assets To Nigeria
The dollar teetered near multi-month lows against European currencies on Tuesday as Treasury yields stall due to renewed expectations that…
Shell In Talks With Nigeria To Exit Onshore Oil Fields As Part Of Green Push
–After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations…
China Bans Financial, Payment Institutions From Cryptocurrency Business
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative…
Sterling Rises Above $1.42 After UK Jobs Data
Versus a weaker dollar, the British pound rose to a three-month high on Tuesday, with sentiment also boosted by jobs…
Dollar Drops As Yield Support Fades Amid Expectations Of Low U.S. Rates
The dollar plumbed a six-year trough against the Canadian dollar and teetered near multi-month lows versus European currencies on Tuesday,…
UK Jobless Rate Falls Again, Hiring Up As Lockdown Eases
Britain’s unemployment rate fell again to 4.8% between January and March, when the country was under a tight lockdown, and…
China’s Yuan Firms As Dollar Drops On U.S. Rate Outlook
China’s yuan strengthened on Tuesday as investors tempered earlier expectations that the U.S. central bank could hike interest rates soon,…
Pound-Dollar Steady On UK Lockdown Easing
The Pound US Dollar (GBP/USD) exchange rate is steady as the latest lockdown easing measures come into force across much…
California regulator reviews Tesla’s self-driving claims
A California regulator said on Monday it is reviewing whether Tesla Inc (TSLA.O) violated regulations by falsely promoting its advanced driver-assistance systems…
Berkshire sheds nearly all of Wells Fargo, a holding since 1989
Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren Buffett abandoned a more…
Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter
A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led…
Bitcoin drops to 3-month low in wild trading after Musk tweets
Bitcoin fell to a three-month low on Monday in a volatile session that saw investors selling and buying the digital…
Dollar Essentially Unchanged As Treasury Yields Hold Steady
The dollar on Monday held steady near recent lows as new restrictions in Asia to contain COVID-19 and mixed economic…
Apple’s App Store chief kicks off iPhone maker’s defense at Epic Games trial
Apple Inc (AAPL.O) on Monday began its formal defense in an antitrust trial brought by “Fortnite” online game creator Epic Games, by…
Summer Travel Is Returning: Here’s Who’s Booking And Where They’re Going
More than half (56%) of Europeans intend to travel this summer with the vast majority choosing to stay within the…
PM Urges ‘Heavy Dose Of Caution’ As Hugs, Indoor Pints And Foreign Holidays Return In England
As the country moves to stage thre of the PM’s roadmap, friends and family will enjoy greater freedom to gather…
Why Airbnb (ABNB) Looks Set To Bounce Back
It is easy to argue, as so many have over the last few years, that the market’s recent love affair…
Canadian Dollar Steadies As Housing Activity Calms In April
The Canadian dollar was little changed against its U.S. counterpart on Monday, consolidating some recent gains as Wall Street edged…
Dollar Holds Firm As Virus Restrictions In Asia Unnerve Investors
The dollar held above recent lows on Monday as new COVID-19 restrictions in Asia and mixed economic data in China…
Chinese Yuan Slumps As PBoC Injects $16 Billion Into Financial System
The Chinese yuan weakened against several of its major currency counterparts to kick off the trading week as the People’s…
India’s Oil Demand Shrinks Further As Virus Crisis Persists
India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns…
The World Economy Is Suddenly Running Low On Everything
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the…
China Loan At Risk As Nigeria Faces New Claim Over Power Deal
A Nigerian company that lost out on a contract to build a multibillion-dollar hydropower plant has filed a $400 million…
Sterling Holds Recent Gains As Britain Enters Second Phase Of Reopening
Sterling held on to recent gains against the dollar on Monday as Britain took a big step towards reopening its…
Elon Musk Just Reopened An Old Wound In The Bitcoin World
Earlier this year, when Tesla added Bitcoin to its balance sheet, CEO Elon Musk became an instant hero in the…