British Fund Industry Warns Companies On Ethnic Diversity
Britain’s investment industry trade body has warned companies they must show progress on boardroom ethnic diversity or risk pushback at…
Category: World
A Nigerian Refinery: Known As Dangote Refinery Set To Sell It’s First Oil In Early 2022
Having crossed all hurdles, the 650,000 barrels a day Dangote refinery an integrated refinery and petrochemical project under construction in…
Former BOJ Executive Calls For ‘Genuine’ Review Of Central Bank Stimulus
The Bank of Japan must abandon the view it can influence public perceptions with monetary policy and conduct a “genuine”…
Malaysia Launches COVID-19 Vaccination Drive As PM Gets First Shot
Malaysia on Wednesday launched its COVID-19 inoculation programme, which authorities hope will rein in a spike in infections and help…
China To Reinforce Policy Support For Foreign Trade, Commerce Minister Says
China will reinforce policy support for foreign trade and ensure the smooth operations of supply chains, Wang Wentao, the new…
Strong Exports, Construction Boost German Economy In Fourth Quarter
Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter…
World’s Top 10 Hedge Fund Managers Earn $20.1 Billion In 2020
Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in…
Investigators Release Preliminary Findings On The United Airlines Flight Engine Failure. Here’s What We know
The investigation into the engine failure of a Boeing 777 could take more than a year, officials said, but already the picture…
Italy OKs Dorsey’s Square Inc, China’s Tencent To Invest In Startup Satispay
Italy has given Square Inc, the mobile payments firm of Twitter co-founder Jack Dorsey, and China’s Tencent a conditional green…
Exclusive: Top Banks Asked To Justify Why They Still Clear Euro Swaps In London
Europe’s top banks must justify why they should not have to shift clearing of euro-denominated derivatives worth billions of euros…
Nasdaq, S&P 500 Set To Open Lower Ahead Of Powell Speech
The Nasdaq and S&P 500 indexes were set to open lower on Tuesday as investors sold off high-flying growth stocks…
Tesla Shares In The Red For 2021 As Bitcoin Sell Off Weighs
Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff…
Yuan Eases On Dollar Demand, Capital Outflow Concerns
The yuan eased on Monday, pressured by seasonal corporate dollar demand and with sentiment dented by China’s potential plans to…
Analysis: How Rich Is Saudi Arabia? Kingdom Does The Math In Balance Sheet Overhaul
The kingdom is working on creating a consolidated balance sheet of its assets and liabilities which will include items currently…
Egg Supply Tightens In Poland As EU Bird Flu Crisis Hits Industry
Avian influenza in Europe is now approaching levels last seen in 2016 with egg supply shrinking in Poland, one of…
UAE Weapons Maker EDGE Wants In On F-35 Supply Chain
United Arab Emirates’ state-owned weapons maker EDGE expects to be involved in the supply chain of Lockheed Martin’s F-35 war…
South Africa’s Unemployment Rate Jumps To New Record High
South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said…
BlackRock Downgrades Government Bonds, Keeps Faith With Stocks
The world’s largest asset manager BlackRock has cut its stance on government bonds, preferring equities in light of the COVID-19…
European Shares Gain On Higher Commodity Prices; HSBC Weighs
European shares rose on Tuesday as strong commodity prices helped outweigh mixed corporate earnings updates, while British bank HSBC fell…
Facebook To Unban Australia News After Deal On Media Law
Facebook moved to lift a contentious ban on Australian news Tuesday, after a last-gasp deal on landmark rules requiring tech…
iPhone 12 Sales Propel Apple To Top Of Smartphone Market: Survey
Strong sales of iPhone 12 models lifted Apple to the top of the global smartphone market in the fourth quarter,…
Bitcoin Battles For Support At $50,000
Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency’s lofty valuation…
Pfizer’s COVID-19 Vaccine Gets Nod In South Korea From First Of Three Expert Panels
The first of three expert panels in South Korea reviewing a COVID-19 vaccine developed by Pfizer Inc and BioNTech gave…
Crypto-Trading May Go The Way Of Multiple Exchange Rates – Analysts
Like Nigeria’s multiple exchange rates which the Central Bank of Nigeria (CBN) has battled to converge in the last five…
UK Jobless Rate Hits 5.1% As Sunak Readies More Job Support
Britain’s jobless rate rose to 5.1% in the last three months of 2020, its highest in nearly five years but…
Dollar Pinned Near Six-Week Low As Focus Turns To Powell
The dollar nursed losses near a six-week low on Tuesday while commodity currencies loitered around multi-year highs, as investors’ focus…
Oil Prices Jump More Than $1 As U.S. Output Slow To Restart
Oil prices jumped by more than $1 on Tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as…
Britain’s G4S Recommends $5.4 Billion Allied Universal Bid, Ending Takeover Tussle
Private security firm G4S on Tuesday recommended shareholders vote for Allied Universal’s final offer valuing the British firm at 3.8…
HSBC Curbs Profit And Payout Ambitions, Targets Asia Wealth
HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management…
Exclusive: South African Upstart Bank Teams Up With JG Summit To Expand Into Philippines
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of…