ECB Must Keep Money Taps Fully Open As Crisis Not Over, Stournaras Says
The European Central Bank must keep its money taps fully open, as the euro zone economy is still in the…
Gold Steady Near Multi-Month Highs On Weaker Dollar
Gold steadied near its highest in more than four months on Tuesday, buoyed by a weaker dollar but with gains…
HSBC Won’t Offer Bitcoin, Crypto Service To Wealthy, Reuters Says
Signage for HSBC Holdings Plc headquarters is displayed on the building that houses its headquarters in the central business district…
China State Banks Buy Dollars To Curb Rapid Yuan Rally -Sources
China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four…
FG Bars 22-Year Aircraft From Nigeria, Releases N5bn Aviation Bailout
The Permanent Secretary, Federal Ministry of Aviation, Hassan Musa on Monday told the House of Representatives that the Federal Government…
CBN Sustains Weekly Dollar Sales To BDCs
The Central Bank of Nigeria has continued to fund bureaux de change (BDCs) segment of the foreign exchange market weekly…
Currency In Circulation Dips By N10bn
Currency in circulation dropped by N10bn from N2.81tn as of the end of March to N2.8tn as of the end…
12 Nigerian Banks Lend Customers N690bn In Three Months
The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this…
Nigeria Devalues Naira On Migration To Single Exchange Rate
Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward…
How CBN Can Reverse Nigeria’s Underdevelopment
The Central Bank of Nigeria underdevelops the economy through heterodox monetary and fiscal procedures contrary to the express mandate and…
Oil Climbs With Iran Saying Differences Remain On Sanctions Deal
– Oil climbed to the highest level in nearly a week after Iran said that gaps remain in negotiations aimed…
Foreign Affairs Minister Charges Diplomats To Change Narrative About Nigeria
Minister of Foreign Affairs, Geoffrey Onyema has charged officials of the ministry to change the negative narrative about the country…
African Currencies Week Ahead: Kenyan, Ugandan And Zambian Units Seen Under Pressure
NIGERIA – Nigeria’s currency is seen closing range-bound within 408 naira to 412 naira per dollar next week, despite recent…
Pound Steadies Below $1.42, BoE Speakers In Focus
Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes on an…
Africa’s Oil Conference Set To Leave Cape Town For Dubai In 2021
Africa Oil Week, the continent’s annual industry conference, may relocate to Dubai this year from its traditional setting in Cape…
Treasury Yields Dip Slightly To Start The Week
U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at the start of the week.…
John Malone Sees Merged WarnerMedia-Discovery Becoming No. 3 Global Streamer Behind Netflix, Disney+
The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview…
Cramer Is Bullish On Deere Because Of The Big Agricultural Cycle Playing Out
CNBC’s Jim Cramer is bullish on Deere after the company reported strong fiscal second-quarter results last Friday. “Some analysts want to cycle…
Op-ed: Facebook’s Nick Clegg Calls For Bipartisan Approach To Break The Deadlock On Internet Regulation
Around the world, lawmakers are writing the new rules of the internet. In Europe, India, Australia, the UK and elsewhere,…
Fed’s Lael Brainard Pushes Digital Dollar As Central Bank Currency Race Heats Up
Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the…
Here’s How To Get $100,000 In Annual Tax-Free Income During Retirement
t’s a sure bet that no one — regardless of age — enjoys handing over any of their income to…
Bitcoin Rebounds After A Wild Weekend That Took It Below $32,000
The crypto market edged higher Monday after a week of hell during which billions of dollars were wiped off the…
Verizon Offers Free Apple Arcade And Google Play Plus For Select Unlimited Subscribers
Verizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds more bundled content offerings to…
From Driverless Cars To Robotic Warehouses, China Looks To Automation To Solve Population Issues
GUANGZHOU, China — Qin Jiahao has been working at Chinese e-commerce giant JD.com’s logistics operations for around six years. Now a huge amount of his…
There Could Be Another Reason Behind Nvidia’s Stock Split
Nvidia announcing a 4-for-1 stock split on Friday could have some significant ramifications. Just like with Apple a few years ago,…
WarnerMedia Deal Will Hold Back Discovery’s Stock, MoffettNathanson Says In Downgrade
Discovery took a big swing in striking a deal with AT&T to merge with WarnerMedia, but shareholders will have to wait a while…
Wall Street Banks Reveal How To Trade The $60 Trillion ‘Green’ Boom
A number of so-called green and socially-responsible stocks have big potential, according to analysts from three investment banks who picked…
Bernstein Double Upgrades Beyond Meat, Says Buy The Dip On This Reopening Play
It’s time for investors to buy the dip in Beyond Meat to take advantage of a coming rebound, according to Bernstein. The…
Wells Fargo Sees Little Upside For Tesla Shares From Here With Stock Pricing In Big Expectations
Tesla’s stock still looks pricey even after a recent pullback and long-term concerns could limit its upside, according to Wells…
Goldman Starts Coinbase With A Buy Rating And Says The Stock Can Jump More Than 30%
Investors should ride through volatility in the crypto space by buying shares of Coinbase, according to Goldman Sachs. Analyst Will Nance…