Dollar Trades Near Two-Week Low As U.S. Yields Fall
The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields…
Category: World
Cut The Debt Of Poor Countries, Pope Tells IMF, World Bank
Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to…
World Leaders Are Making Progress On A Huge Global Tax Overhaul
For years, world leaders have been trying to launch a historic overhaul of global tax rules, aiming to tackle an unwieldy system…
Where Tech And Tradition Meet For Smart Investing
The physical restrictions of the coronavirus pandemic have hammered home to us all just how much we need digital services…
London Stock Exchange Investigating Refinitiv Data Outage
The London Stock Exchange Group said on Thursday it was investigating a lengthy outage at its newly-acquired Refinitiv market data…
China EV Battery Maker Octillion Looks To Cash In On Carbon Neutral Drive
China’s push towards carbon neutrality as well as its growing manufacturing might will allow electric vehicles (EV) to compete equally…
Value Of Naira Against Dollar Worsens At I&E
The Naira extended its depreciation against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange…
Brexit Weighs On French Exports To Britain In February – Customs Office
French exports to Britain picked up 4% in February but were still at only 84% of the monthly average of…
Sujimoto Plans 80 Projects Worth $10bn By 2030
The Managing Director/Chief Executive Officer of Sujimoto Group, Sijibomi Ogundele, has disclosed his company’s plans to complete 80 malls, hotels…
World Bank To Address Nigeria, Poor Countries’ Debt Overhang
The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary…
Prosus Nets $14.6 Billion From Sale Of Tencent Stake
Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd,…
MacBook, IPad Production Delayed As Supply Crunch Hits Apple – Nikkei
-Production of some of Apple Inc’s MacBooks and iPads has been postponed due to a global component shortage, the Nikkei…
Uniqlo Owner Posts 23% Jump In HY Profit, Raises Annual Profit Estimate
Japan’s Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23% jump in half-yearly operating profit and…
Analysis: White House, U.S. Companies Could Agree On 25% Tax Rate, Officials, Business Groups Say
President Joe Biden has championed raising the U.S. corporate tax rate to 28% from 21% as the main way to…
Sterling Sinks To Two-Week Low Vs Euro, One-Week Low Vs Dollar
Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled it to…
China’s March Forex Reserves Fall To $3.17 Trillion
BEIJING – China’s foreign exchange reserves fell more than expected in March, official data showed on Wednesday, as the dollar…
Dollar Hovers Near Two-Week Low After U.S. Yields Slip
The dollar hovered near two-week lows after U.S. bond yields eased from recent highs, while market participants waited for the…
Bitcoin, Fiat Currencies Unnerved Even As Goldman Ditches Short USD Trade
Investment banking giant Goldman Sachs’ latest decision to retract from its bearish view on the U.S. dollar is receiving a…
Asian Shares Ease From Three-Week Highs, Dollar Retreats
Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors were still focused…
Czech PM Babis To Appoint New Health Minister – CTK News Agency
Czech Prime Minister Andrej Babis will replace Health Minister Jan Blatny on Wednesday, the CTK news agency reported. CTK said…
IEA Sees Drop In Nigeria’s Crude Oil Capacity By 2026
The International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to 1.6 million…
CANADA FX DEBT-Canadian Dollar Notches 2-Week High As Risk Appetite Climbs –
The Canadian dollar advanced against its broadly weaker U.S. counterpart on Monday as robust U.S. economic data bolstered investor sentiment…
Sweden To Bring In Banks In Next Stage Of E-Krona Project
Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency – the…
Oil Rebounds On Robust Economic Data
Oil prices rose on Tuesday supported by strong economic data from China and the United States, recouping some of the…
Brookfield, BlackRock No Longer In Race For Over $10 Billion Aramco Pipeline Stake – Sources
U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake…
Azman Reshuffles Management After NCAA Audit
Azman Air has reshuffled a number of appointments amongst its management cadre following the recently concluded audit of the airline…
Europe’s STOXX 600 Hits Record High On Global Recovery Optimism
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on…
Stocks Scale Fresh Peak As U.S. And China Lead Recovery
Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States, while…
Dolce & Gabbana CEO Denies Talks With Kering Over Possible Tie-Up-Paper
Dolce & Gabbana is not in talks with French luxury group Kering over a possible tie-up, the chief executive of…
Payment Giant Stripe Expands To Middle East With Dubai Office
– Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai,…