Fed’s Waller Says U.S. Economy ‘Ready To Rip’ But Inflation Will Level Off
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging…
Category: World
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 bank said on Friday, muddying…
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 reports…
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 to ban…
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…
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 the…
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 month to 18.17% YoY…
Qatar May Allow Foreigners To Fully Own Listed Companies
Qatar may allow foreign investors to fully own listed companies, in a move that could trigger more than $1 billion…
Dollar Heads For Second weekly Loss On Fed’s Lower-For-Longer Stance
The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors…
Hong Kong Tycoon Jimmy Lai, Others To Be Sentenced For Illegal Assembly
Hong Kong media tycoon Jimmy Lai and nine other pro-democracy activists are expected to be sentenced on Friday after they…
City Of London Brexit Hit Worse Than Expected, Says Study
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to…
ARK buys $110m Coinbase Shares, Adding To Positions
Celebrity stockpicker Cathie Woods’ ARK funds bought more shares of Coinbase (COIN.O) worth $110 million a day after the cryptocurrency exchange’s…
Investor Einhorn Says Palihapitiya, Musk Poured ‘Jet Fuel’ On GameStop
Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur Elon Musk threw “jet fuel” on…
Hyundai Motor Group Names New Chief For Mobility Division
Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named…
World Stocks Near Record Highs As China, U.S. Data Back Global Recovery Hopes Hideyuki Sano
Global stocks stood near record highs on Friday after strong U.S. and Chinese economic data cemented expectations of a solid…
Pfizer CEO says third Covid vaccine dose likely needed within 12 months
Pfizer CEO Albert Bourla said people will “likely” need a booster dose of a Covid-19 vaccine within 12 months of getting…
Mercedes-Benz Unveils new flagship EQS electric sedan to take on Tesla
Mercedes-Benz believes its new EQS sedan will redefine the all-electric luxury vehicle segment as it competes against Tesla and a growing number…
The CPI And Forex: How CPI Data Affects Currency Prices
In this article, we’ll explore CPI and forex trading, looking at what traders should know about the Consumer Price Index…
World-Beating Currency Draws Ire Of Mozambique’s Farm Minister
Mozambique’s world-beating currency has left some investors confused after a March terror attack threw its economic prospects into doubt. Now,…
IMF Warns Of A Weaker Economic Recovery In Southeast Asia As Covid Restrictions Linger
The International Monetary Fund downgraded its forecasts for several Southeast Asian economies even as it turned more optimistic about the…
Canada Eases Immigration Requirements For Foreign Health Workers
Justin Trudeau’s government announced it will start expediting permanent residency next month for foreign workers on the front lines of…
IMF Endorses Digital Money For Cheaper Remittance, Cross-Border Payments
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has called on governments and individuals to adopt digital…
China’s Central Bank Injects 150 Bln Yuan Through Medium-Term Loans
China’s central bank injected medium-term loans into the banking system on Thursday, while keeping the interest rate unchanged for a…
Russian Rouble Tumbles As Imminent Threat Of U.S. Sanctions Resurfaces
The Russian rouble was down about 1.3% against the dollar after earlier losing 2% on Thursday, giving up gains made…
Forex Crisis Putting Investments, Jobs At Risk, Says LCCI
The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials, equipment and some…
CANADA FX DEBT-Canadian Dollar Strengthens As Oil Surges Nearly 5%
The Canadian dollar edged higher against its U.S. counterpart on Wednesday as oil, one of Canada’s major exports, rallied and ahead of…
Why Wall Street Is So Excited About Bank Stocks
For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love…
JPMorgan Profit Leaps After Reserve Release Boost
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest U.S. bank…
Nikola, Iveco & OGE Sign Preliminary Hydrogen Distribution Agreement
Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday they entered a…
South Africa Says Down payments To J&J, Pfizer Not Refundable
The South African government’s downpayments to Johnson & Johnson (J&J) and Pfizer for COVID-19 vaccines are not refundable under any…