Fed Patience Calms Yields For Now, But Market Feels Like ‘Coiled Spring’
The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic…
Category: World
China Regulators Held Talks With Alibaba, Tencent, Nine Others On ‘Deepfake’ Tech
– Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of…
Stocks Cheer Dovish Fed, Yen Supported Before BOJ Decision
Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and…
U.N. Body Raises Global Economic Growth Forecast For 2021 To 4.7%
The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States,…
The Global Chip Shortage Is Still Hurting Samsung, Honda And Volkswagen
The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn…
Brawls In Shops As Lebanon’s Financial Meltdown Hits Supply Of Food
The collapse of Lebanon’s currency has forced many grocery shops to temporarily shut within the last 24 hours, raising fears…
Morgan Stanley Becomes First Major U.S. Bank To Offer Its Wealthy Clients Access To Bitcoin Funds: CNBC
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds, CNBC…
Lenovo’s Parent Company Invests $237 Million In Chinese Chipmaker Fullhan
Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of Chinese…
Two Jurors Dismissed In Floyd Murder Trial After News Of $27 Million Settlement
Two jurors seated in the trial of Derek Chauvin, the former Minneapolis police officer facing murder charges over his arrest…
Greece Sees Strong Demand For First 30-Year Bond Issue In Over A Decade
Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an…
Canada Annual Inflation Rate In February Accelerates To 1.1%
Canada’s annual inflation rate accelerated to 1.1% in February, up from a year-over-year increase of 1.0% in January, on higher…
Vodafone Seen Reaping 2.13 Billion Euros From Frankfurt IPO: Bookrunners
Vodafone is expected to price shares in infrastructure unit Vantage Towers at 24 euros ($28.60) each, valuing the firm at…
Activist Cevian Capital Trims Ericsson Stake Below 5%
Activist investor Cevian Capital has cut its holding in Ericsson to 4.81% of the telecom equipment maker’s share capital, according…
Coinbase To Float About 114.9 Million Shares In U.S. Listing
Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the…
Apple Gets Boost In French Privacy Fight, But Still Faces Probe
Apple was given a boost on Wednesday as France’s antitrust watchdog rejected advertisers’ requests to suspend the iPhone maker’s upcoming…
G7 Agrees To Boost IMF Reserves By $650 Billion To Fund Pandemic Relief
G7 advanced economies have agreed to boost International Monetary Fund reserves by around $650 billion through a new allocation of…
Michelle Obama Voices Hope For Lessons Learned Over Royal Family Racism Claims
Michelle Obama says she hopes the royal family will learn from the allegations of racism made by the Duke and…
“Meghan’s Racism Claims Against Royal Family Not A Surprise” – Michelle Obama
Former first lady of the United States of America, Michelle Obama has said it “wasn’t a complete surprise” to hear…
World Going Through Unprecedented Chip Shortage, China Trade Body Says
The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association,…
Toyota Chief Warns Apple Over Car Plans
Regardless of whether or not Apple is actually planning to launch a car, Toyota President Akio Toyoda has warned that…
Book On Telecoms Law, Regulations Debuts
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof, Umar Danbatta was among eminent personalities that have endorsed…
Pfizer To Halt Biosimilar Output In China, Sell Assets To WuXi Biologics
Pfizer Inc will stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to…
New York Stays Top In Finance As London Loses Ground, Index Shows
New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second…
Tepco Shares Slump 10% After Regulator Slams Breaches At Nuclear Station
Shares of Tokyo Electric Power (Tepco) fell the most in eight years on Wednesday after Japan’s atomic regulator found safety…
US Contacts Nigerian Visa Applicants Affected By Trump’s Travel Ban
The United States mission has said that it was prioritising immigrant visa applicants in Nigeria affected by the travel restrictions…
Japan Inc Offers Lowest Pay Rises In 8 Years As Pandemic Bites
Japanese companies are offering the lowest wage increases in eight years as labour talks wrap up on Wednesday, in a…
BMW Sees Significant Profit Growth In 2021
German carmaker BMW on Wednesday said it expects a significant year-on-year increase in group pretax profit in 2021 as it…
British Premier Defends AstraZeneca Coronavirus Vaccine Over Blood Clot Fears
British Prime Minister Boris Johnson on Tuesday defended the safety of the AstraZeneca coronavirus vaccine, after several European countries halted…
European New Car Sales Drop By 20% Year-On-Year In February: ACEA
European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took…
Oil Bears And Bulls Grapple As Market Puzzles Over Pandemic Exit
Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according…