Oil Steadies After Sell-Off As Demand Doubts Persist
Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave…
Consumers Lament Tariff Increment Amidst Economic Downturn
Prepaid electricity consumers have decried increase in tariff endorsed by the Nigerian Electricity Regulatory Commission (NERC). They said it was…
Autonomous Driving Startup Momenta Raises $500 Million From SAIC, Toyota, Others
Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto…
Bank Of America’s Summer Internship Program To Be Virtual
Bank of America Corp said on Thursday its 10-week summer internship program for 1,800 interns will be held virtually, as…
Bond Managers Say Pace Of Rise In U.S. Bond Yields ‘Unsettling’
The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major…
Starbucks Shareholders Reject CEO Pay Proposal In Rare Move
Starbucks shareholders voted against the company’s CEO pay proposal in a rare move that may indicate some shareholders think the…
US-China Talks Could End Up Inflaming Trade Tensions
Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe…
DPR Remits N2tn to Federal Government, Seals 11 Filling Stations
The Department of Petroleum Resources on Thursday announced that it generated over N2tn for the Federal Government in 2020, as…
Foxconn In Talks With Vietnam’s Vinfast On Electric Car Partnership
Taiwan’s Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with…
Swedish EV Charging Company Charge Amps Raises $15 Million
Swedish maker of electric vehicle charging solutions, Charge Amps, said on Friday it had raised 130 million crowns ($15.3 million)…
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a…
Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting: Administrator
Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims of more than A$1.75 billion…
Austin On Mission To Deepen India-US Ties, Urged To Raise Russia Deal
Defense Secretary Lloyd Austin was urged by a senior U.S senator to convey Washington’s opposition to India’s proposed purchase of…
Twenty Years On, EU Turns Cold On Mercosur Trade Deal
As the European Union looks forward to a fresh start with the United States under a new president, it is…
China’s Small Tech Firms Step Out Of The Shadows As Giants Reel From Regulatory Crackdown
One firm’s loss is another’s gain. China’s smaller technology companies and investors are eager to seize the day as a…
Dollar Falters As Fed Dashes Early U.S. Rate Hike View
The U.S. dollar fell on Wednesday, after the Federal Reserve said it does not expect to raise interest rates through…
Japanese Judiciary Sends Conflicting Signals To Nuclear Industry
Japanese courts delivered conflicting rulings on two nuclear reactors on Wednesday, lifting an injunction on one and slapping a no-restart…
Nokia Sees Its Comparable Operating Margin Growing To 10-13% In 2023
Finnish telecom equipment maker Nokia sees its comparable operating margin growing to 10-13% in 2023, it said on Thursday. Nokia…
Pakistani Province Plans To Build Pilot Crypto Currency Mining Farms
The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish…
Britain Sets Sights On ‘Big Four’ Auditors In Market Shake-Up
Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud…
BlackRock Ups Focus On ‘Natural Capital’ Ahead Of AGM Season
BlackRock on Thursday warned companies that rely on nature or have an impact on natural habitats to publish a “no…
Credit Suisse Execs Earn Less Following 2020 Headaches
Credit Suisse executives earned 12% less in total aggregate compensation in 2020, the bank’s annual report showed on Thursday, as…
Steeper And Higher: U.S. Bond Tantrum Averted, But Worries Remain
Markets may be less fearful of a “taper tantrum” after the Federal Reserve’s latest meeting, but the prospect of higher…
Fed Patience Calms Yields For Now, But Market Feels Like ‘Coiled Spring’
The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic…
China Regulators Held Talks With Alibaba, Tencent, Nine Others On ‘Deepfake’ Tech
– Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of…
Stocks Cheer Dovish Fed, Yen Supported Before BOJ Decision
Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and…
U.N. Body Raises Global Economic Growth Forecast For 2021 To 4.7%
The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States,…
‘It’s To Protect Local Industries’ — Emefiele Defends Stance On FX Restriction For Milk Importers
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale…
Nigeria’s Crude Oil Production Declined By 19.6% In Q4
Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in…
Italy Court Acquits Eni, Shell And All Defendants In Nigeria Graft Case
A Milan court on Wednesday acquitted energy groups Eni and Shell along with a series of past and present managers…