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ABCON Calls On CBN To Check Cryptocurrencies’ Impact On Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has charged the Central Bank of Nigeria (CBN) to…
CANADA FX DEBT-Canadian Dollar Notches 1-Month High Ahead Of Federal Budget
The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday, as the greenback…
Dollar Slide Extends
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected…
China Leaves Lending Benchmark Rate Steady For 12th Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its…
Bank Of England Joins Global Peers Exploring A Digital Currency
Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank…
UK Banks Launch 95% Mortgages: Everything You Need To Know
A new government-backed mortgage scheme has launched in the UK which will help first-time buyers, or current…
Coca-Cola Revenue Rises Past Estimates On Easing Pandemic Curbs
Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Monday, fueled by strong demand for its…
Arizona Mining Fight Pits Economy, EVs Against Conservation, Culture
Early last year, Darrin Lewis paid $800,000 for a hardware store in a tiny Arizona town where mining giant Rio…
Harley-Davidson Boosts Sales Forecast As Quarterly Shipments Rise
U.S. motorcycle maker Harley-Davidson on Monday reported a 10% rise in first-quarter revenue and raised it…
European Shares Hit Highs As Markets Upbeat About Recovery Prospects
World shares traded near record highs on Monday, as markets were generally upbeat about the prospects for a global…
U.S. Banks Deploy AI To Monitor Customers, Workers Amid Tech Backlash
Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers…
China NDRC Approves 16 Fixed-Asset Investment Projects Worth $6.96 bln In Q1
China's state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4…
Dollar Pinned Near One-Month Low Amid Subdued U.S. Yields
The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest…
Goldman Sachs Invests $69 Million In Britain’s Starling Bank
British digital bank Starling said on Monday that Goldman Sachs (GS.N) had invested 50 million pounds ($69 million)…
ABN Amro To Settle Money Laundering Probe For $574 mln
Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in…
Microsoft To Invest $1 bln In Malaysia To Set Up Data Centres – Malaysian PM
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership…
Credit Suisse Serves Investors Thin Gruel As Wall Street Feasts On Deals
While Wall Street rivals feast off a boom in trading and deals, Credit Suisse is stuck in limbo.
The collapse of…
ESR, GIC To Buy Australian Logistics Property Portfolio From Blackstone For $2.9…
Logistics real estate manager ESR Cayman Limited (1821.HK) said it will join with Singaporean sovereign wealth fund…
India May Build New Coal Plants Due To Low Cost Despite Climate Change
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity…
Investor Group Calls For Banks To Set Tougher Climate Targets
A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of…
Coinbase Chief Executive Armstrong Sold $291.8 Million In Shares On Opening Day
Coinbase Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency…
The ‘Metaverse’ Bet: Crypto-Rich Investors Snap Up Virtual Real Estate
What do you do with a $69 million artwork that doesn't physically exist?
That's the question faced by the…
Clubhouse Closes New Round Of Funding That Would Value App At $4 Billion
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on…
Fed’s Waller Says U.S. Economy ‘Ready To Rip’ But Inflation Will…
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable…
Morgan Stanley Reveals $911 Million Archegos Loss As Profit Jumps
Morgan Stanley (MS.N) lost nearly $1 billion from the collapse of family office Archegos Capital Management, the…
S&P 500, Dow Hit Record Highs On Bank Earnings Boost
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings…
Bitcoin Price Drops After Turkey Bans Cryptocurrency Payments
The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey's central bank…
Euro Zone Yields Rise As U.S. Treasury Yields Jump Back After Rally
Euro zone bond yields rose on Friday, following an overnight jump in U.S. Treasury yields after a hefty rally a day…
Why Banks Need To Pay Attention To Where A Digital Euro Is Heading
The European Central Bank makes clear that the development of its “digital euro” will take several years. Yet given…
Inflationary Pressures To Feed Expectations For Further Yield Increases
According to the National Bureau of Statistics (NBS), Nigeria's headline inflation rose for the 19th consecutive…