S.Korea’s LGES Reviews $1.3 Bln Arizona Battery Investment As U.S. Inflation…
South Korean battery maker LG Energy Solution Ltd (LGES), a major supplier to U.S. carmakers, including Tesla…
Aeromexico Shareholders Back Mexico Stock Exchange Exit In Bankruptcy…
Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock…
Tesla Closes An Office As Layoff Hits Autopilot Jobs, Including Hourly Ones
Tesla (TSLA.O) has shuttered its office in San Mateo, California, and laid off roughly 200 employees. Especially…
Nigerian Stocks Lose Over N85 Billion In A Day
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
S.Korea Export Growth Seen Rebounding In May; Inflation Tops 5%
South Korean export growth is expected to have rebounded in May, but the trade balance likely remained in red,…
UBA Rewards Customers With N16.6m In Promo
Africa’s Global Bank, the United Bank for Africa Plc, has rewarded its loyal customers in its UBA Super Savers…
Corporate Trustees Give Safety Tips On Investments.
The Association of Corporate Trustees has said that trustees play a relevant role in; ensuring capital market…
Teetering On Default, Russia Misses $1.9 Mln Payment, Committee Determines.
Russia's failure to pay $1.9million in accrued interest on a dollar bond will trigger payouts potentially worth…
Electricity Tariff Surge By 58% After N500bn Subsidy Suspension –Report
Findings have shown that electricity tariffs increased by 58% after the Federal Government yanked off a yearly…
Britons Seek Cheaper Grocery Options As Inflation Bites – NielsenIQ
Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a…
In Historic Shift, Toshiba Board Gains Two Directors From Activist Hedge Funds.
Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual…
Nissan Shareholders Reject Proposal To Designate Renault As Parent.
Japan's Nissan Motor Co Ltd (7201.T) on Tuesday rejected a shareholder proposal at its annual general meeting…
Stocks Swing Higher As China Eases Quarantine Rules.
Asian shares swung into positive territory in afternoon trade, propelled by China's decision to ease some…
China Vows Timely Policy Measures To Cope With Economic Risks.
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges; as COVID-19…
Ericsson’s $6.2 Bln Vonage Takeover Delayed Over U.S. Review
Ericsson (ERICb.ST) said the closing of its $6.2 billion Vonage acquisition was delayed to the end of July. From…
Elevator Maker Kone Divests Russia Business.
Finnish elevator maker Kone (KNEBV.HE) said it will sell its business in Russia to local management for an…
Column: Hedge Funds Turn Tail As Commodities Crumble On Recession Rumble: McGeever
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of…
Boost For Luxury London Property Prices As Russians Locked In.
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in…
Nigeria’s PZ Cussons Fights Off Inflation To Post 277% Rise In Profits.
Leading conglomerate, PZ Cussons Nig Plc, released its Q4 2021/22 unaudited results for the period ended May 31,…
Fuel Scarcity: FG To Sanction Fuel Stations Selling Fuel Above N165.
The Nigerian Government has decided to clamp down on filling stations selling Premium Motor Spirit (PMS); above…
Investors In MTN Public Offer Gain N35 Billion In 6 Months
Investors in MTN’s Public Offer for Sale conducted in December 2021 have gained an estimated N35 billion; since…
FG spends N1.243tn Monthly As Fuel Subsidy Hits N600/Litre – Operators
The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit; popularly called…
DisCos’Payment To GenCos Drops By 50%, Consumers Kick.
Electricity distribution companies’ payment to generation companies for electricity generation has dropped by 50%;…
Firm Invests N24bn In Edo Integrated Farm
Saro Group of Companies has invested not less than N24bn in an integrated farm in Edo State; in a concerted effort…
Electric Automakers Make Last-Ditch Plea For More Tax Credits Before U.S. Election
Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of…
Nigeria’s Bitcoin P2P Surge By 25% In 180 Days Amid Falling Naira
Despite government rules limiting crypto trades within financial institutions to protect citizens and monitor the…
Naira Falls At Official Market Despite Slight Improvement In FX Supply
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters…
Wema Bank Launches Innovation Challenge For Kids
Wema Bank Plc has unveiled its Kids’ innovation challenge aimed at encouraging children. This, however, It teaches…
Saudi, OPEC May Make Up Or Russian Oil Output Loss As Biden visit looms
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that could…
FUGAZ Investors Gain N39 Billion Combined During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to…