Coca-Cola Posts Better Than Expected Earnings But Coronavirus Continues To Wreck…
Coca-Cola’s (KO) better than expected first quarter on Tuesday may not even matter to investors as business has…
South Africa’s Rand Opens Weaker As Fear Of Economic Contraction Grows
The South African rand opened weaker on Monday, mirroring moves elsewhere in emerging markets as fears over global…
Nigerian Stock Exchange Records Marginal Loss To Commence Weekly Trading…
Transactions on the floor of the Nigerian Stock Exchange on Monday recorded a marginal loss to commence the weekly…
Global Oil Price Benchmark Slumps To $19
The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday,…
French Court To Issue Verdict In Amazon Case On April 24: Judge
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on…
What’s A Negative Crude Future And Does It Mean Anything For Consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a…
Nigerian Port Authority Extends Demurrage-Free Period To April 26
Following its directive to terminal operators to suspend all applicable storage fees on consignments (demurrage)…
Coronavirus: Empty Resorts Spell Long Crisis Across The Caribbean
The nearby airport, the lifeblood of Varadero’s economy, closed after Cuba shut its borders two weeks ago to…
IMF May Need ‘Exceptional Measures’ To Facilitate Pandemic Response:…
The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to…
Oil Plunges Further To Below Zero For First Time In Unprecedented Wipeout
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been…
Market Wrap
“Given that the policy focus from governments and central banks has been to support the corporate sector, we like…
Oil Plunges Below $10 With Traders Fleeing Expiring Contract
U.S. benchmark falls the most since trading began in New York. WTI May contract drops as much as 56% before Tuesday…
Bahrain Follows Saudi Arabia, Oman With Budget Cuts Amid Crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch…
JPMorgan Asset Seeks Collateral Protection in Private Lending
JPMorgan Asset Management is prioritizing lending to companies with high-quality assets as more cash-hungry…
U.S. Restaurants On Track To Lose $240 Billion By End of 2020: Survey
U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by…
United Airlines Expects $2.1 Billion Loss, Seeks Government Aid
United Airlines (UAL.O) said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first…
A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector
As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping…
Stocks Sink As Oil Drops To More Than 21-year Low
The May contract for U.S. West Texas intermediate crude oil which expires on Tuesday, dropped 39.74% to $11.07 per…
Aston Martin To Focus On Production Of SUVs
Aston Martin’s (AML.L) immediate priorities will be restarting manufacturing and launching production of its…
Coronavirus: Branson Believes Virgin Atlantic Will Collapse Without Government…
Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British…
Volkswagen Settles Emission Class Actions With Three-Quarters Of Claimants
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit…
US Rapper, The Game Loses Record Label And Profits From Latest Album To Sexual…
The record label of American rapper, The Game and all profits from the sale of his last album “Born 2 Rap” has been…
Nigeria: Lagos State Governor, Sanwo-Olu Orders Mass Production Of Local Masks
Lagos State Governor, Babajide Sanwo-Olu has ordered mass production of locally made masks in a bid to halt spread…
Coronavirus: Europe Needs €1 Trillion To Recover
Pandemic wracked Europe will need at least another 500 billion euros from European Union institutions to finance…
AfDB Denies Funding Pipeline Project
The African Development Bank (AfDB) has described as inaccurate news article stating it plans to provide financial…
IMF Urges African Countries To Remain Committed To AfCFTA
The Managing Director, International Monetary Fund (IMF) Mrs. Kristalina Georgieva has advised Africa not…
The Nigerian Stock Exchange Extends Financial Statements Filling Deadline For…
The Nigerian Stock Exchange (NSE) has extended the due date for the submission of the audited financial…
Nigeria’s Economy Beyond COVID-19
The Nigerian economy is currently in dire straits with major economic indicators looking grim amidst…
Nigeria Report: Investment-led Strategy Critical for Economic Recovery –…
The Managing Director, Financial Derivatives Company Limited and a member of President Muhammadu Buhari’s Economic…
Sanofi Partners GSK on Vaccine against COVID-19
GlaxoSmithKline and Sanofi will join forces to speed up production of a vaccine. Sanofi's flu vaccine will be added…