Nigeria Will Need Supplementary Budget For COVID-19 Vaccines -Finance Minister
Nigeria will draw up a supplementary budget in March to cover the cost of COVID-19 vaccinations, for which no provision…
Category: World
Nationwide Outage Hits Fed Reserve Banking System
Yahoo Finance’s Brian Cheung joined Yahoo Finance Live to break down the details of Powell testifying on Capitol Hill in…
In Boost For COVID-19 Battle, Pfizer Vaccine Found 94% Effective In Real World
The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly effective at…
Raising Rates Abruptly Could Jeopardise Economic Recovery: ECB’s Schnabel
Raising interest rates too abruptly could jeopardise economic recovery, European Central Bank board member Isabel Schnabel said in an interview…
Neoen Lines Up Government Funding For Big Battery In Australia
France’s Neoen has won A$160 million ($128 million) in cheap finance from the Australian government to help fund what will…
World Shares Jump After Powell Nixes Rate Hike Fears
Global stocks jumped on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a…
RMB Included In Russia’s National Wealth Fund
The Chinese yuan and the Japanese yen have been included in the regulatory currency structure of Russia’s National Wealth Fund…
Digital Yuan Scammers Gathering Momentum As Token Rollout Nears
Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as…
Fed To Keep Policy Easy, Stay Patient As U.S. Economy Revives
Amid market expectations the Fed may be forced to tighten monetary policy sooner than expected, top U.S. central bankers delivered…
Oil Rises After Data Shows Slump In U.S. Output Amid Texas Freeze
Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after…
Geely Takes Slow Road To Volvo IPO
Volvo cars are known for being dependable and dull. Less so the Swedish brand’s Chinese owner Zhejiang Geely Holding. On…
Biden Rushes To Address Global Computer Chip Shortage Via Latest Executive Order
President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has…
Wall Street Opens Lower As Tech Declines Resume
Wall Street’s main indexes opened lower on Wednesday, as high-flying growth stocks continued to be pressured by valuation concerns, while…
Dollar Falls As Risk Appetite Increases, Kiwi Ruffled By RBNZ
The dollar slipped to a three-year low against the British pound and fell against commodities currencies on Wednesday as investors…
ExxonMobil To Sell Some UK, North Sea Assets To HitecVision For Over $1Billion
Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and…
Lowe’s Tops Earnings Estimates As Same-Store Sales Jump 28%, Warns That Some DIY Trends Could Fade
Lowe’s said Wednesday its fourth-quarter same-store sales climbed 28.1%, as consumers spent more on home projects during the pandemic. That’s higher…
Goldman Sachs-Backed ReNew Power To Go Public Via $8-Billion SPAC Deal
India’s largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG…
JPMorgan’s Blockchain Payments Test Is Literally Out Of This World
Stuck in space with bills to pay? Don’t worry, the satellites could take care of it. JPMorgan Chase & Co…
Nokia Wins 5G Order From Philippines’ Globe Telecom
Finnish telecom network equipment maker Nokia on Wednesday said it has won an order from Globe Telecom to build a…
Hyundai Motor To Replace Battery Systems In $900 Million Electric Car Recall
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly…
Top Toshiba Shareholder Renews Call For Probe Over AGM Vote
Toshiba Corp’s top investor has renewed its call for an independent investigation into the company’s annual shareholder meeting (AGM) last…
Suzuki Motor Says Chairman To Retire, Become Senior Adviser
Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June. “The corporate management…
Deutsche Bank And Mastercard To Deepen Cooperation On Payments
Deutsche Bank and Mastercard said on Wednesday they would deepen their collaboration as the German lender aims for a greater…
Britain’s Heathrow Sinks To $2.8 Billion Loss During Pandemic
Britain’s Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last…
Ark Invest Adds $124 Million Worth Tesla Shares
Cathie Wood’s Ark Invest funds added a further $124 million stake in Tesla on Tuesday as the shares closed below…
Analysis: High-Flying ARK ETF Falters, Sparks Fear Of Ripple Effect
The steep slowdown in momentum stocks over the last week has been especially painful for ARK Invest’s Cathie Wood, the…
CDP Consortium’s Bid To Value Atlantia Unit At 9 Billion Euros – Sources
Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in…
The Cash-Flush Amateurs Hunting Game Cards, Handbags And Art
Stocks, bonds and commodities? Old hat. Once the preserve of the super-rich, or just the eccentric, all kinds of unusual…
Ant Investor Boyu Capital Targets $6 Billion For New Private Equity Fund – Sources
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising…
Show Us The Plan: Investors Push Companies To Come Clean On Climate
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the…