U.S. Auto Industry Calls For Government Help As It Warns Of Impact Of Chip Shortage
A U.S. auto industry group on Monday urged the government to help as it warned the global semiconductor shortage could…
Category: World
Credit Suisse To Reveal Losses From Archegos; 2 Execs To Depart: Sources
Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over…
Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with…
Nigeria Moved Out Of Recession Earlier Than Expected – World Bank
In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends…
Bank Of Canada Finds Inflation Target Preferred To Alternatives
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative frameworks, even though there appears…
Bitcoin Booms In Nigeria As Naira Flags
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make…
Global Banks Warn Of Market Chaos If Court Were To Abolish Libor
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of…
China’s Central Bank Warns Of Financial Risks, Including Potential Defaults
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years,…
Dollar Consolidates Q1 Gains With Biden’s Spending Plan
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday, holding near multi-month…
Bank Of Canada Governor Sees ‘Worrying’ Signs In Housing Market
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into…
W’Bank Revises Nigeria, Others’ Growth Forecast to 3.4%
The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent…
U.S. Receives $335 Million From Sudan In Victim Compensation -Blinken
The United States has received $335 million from Sudan to compensate victims of the 1998 bombings of the U.S. embassies…
Canadian Economy In January Grows By 0.7%, Feb Seen Up 0.5%
Canada’s economy expanded for a ninth consecutive month in January, rising by 0.7% on gains in both goods and services,…
Brazil’s Unemployment Rate Rises To 14.2%
Unemployment in Brazil rose in January for the first time in four months, figures showed on Wednesday, kicking off the…
Dollar Hits One-Year High On Recovery Bets, Yields Lend Support
The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet…
ByteDance Considers Listing Douyin In New York Or Hong Kong: Sources
ByteDance is in talks about a possible offshore listing of its short video app Douyin, the Chinese version of TikTok,…
Hitachi To Buy U.S. Software Developer GlobalLogic For $9.6 Billion
Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt,…
A Billion Dollars For Every Chip-Maker Who ‘Makes In India’
India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the…
Volvo Cars To Review Various Options Including IPO, Geely Says
China’s Zhejiang Geely Holding Group said on Wednesday its Volvo Cars would explore capital market options including a potential initial…
H&M Slips To Loss, Pledges To Rebuild Trust In China After Backlash
H&M reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in…
Mastercard, Rivals ‘Ran Cartel’ On Cards For The Vulnerable, UK Watchdog Says
-Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of…
Ericsson Opens Lab In Canada To Test New 5G Tech
Ericsson is opening a lab in Ottawa, Canada, to work with customers and partners on new 5G radio access networks…
Daimler To Speed Up Electric Shift As 2021 Starts Strongly
Daimler has got off to a good start in 2021 despite a global shortage of semiconductor chips, and plans to…
Bayer To kick Off Sale Of $2.4 Billion Pest Control Unit This Summer – Sources
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this…
Australia Marks Quietest Fire Season In A Decade
Australia’s most populous state has closed out its quietest fire season in a decade, its fire service said, as the…
Asian Shares Wobble, Set For Monthly Loss On Bond Rout
Asian stocks were on the backfoot on Wednesday while the safe-haven dollar held near a one-year high as Treasury yields…
4 Reasons For Big Moves In Currencies This Week
It will be another busy week for the financial markets with potentially big moves in currencies and equities. On Wednesday, President…
Battered Lira Lures Back Japan Traders Looking For Yields
The Turkish lira’s tumble last week flushed out a number of bullish traders. Some Japan’s retail investors are already starting…
Gen X Emerging From Pandemic With Firmer Grip On America’s Wallet
Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump…
CEE MARKETS-Zloty Falls To 11-Year Low, Pressured By Pandemic And Low Interest Rates
The Polish zloty weakened to its lowest level since mid-2009 on Monday, underperforming its peers and adding to recent losses…