Investors Celebrate Biden Winning US Presidency
Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the US presidential election, offering some certainty after days
Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the US presidential election, offering some certainty after days
Volkswagen AG’s truck unit Traton SE has agreed to pay about US$3.7 billion for the outstanding shares of US truck maker Navistar International Corp in a deal announced on Saturday
Transcorp Consortium has executed the biggest domestic financing deal of 105.3 Billion naira (272 Million dollars) in Nigeria’s power generation sector so far in 2020. This deal is in relation to
Walmart Inc, the world’s largest retailer, said on Friday it was selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the
Uber Technologies Inc said on Thursday demand for its food-delivery service exploded in the latest quarter, but recovery in its global rides business is being held back by its most
The US Federal Reserve kept its benchmark interest rate at a record low near zero and signalled its readiness to do more if needed to support an economy under threat
Qualcomm, the US tech giant has displayed 5G technology products with its chips at the third annual China International Import Expo. Various 5G smartphones and electronic devices, from Samsung, Oppo,
Nigeria’s tier 1 lender, Guaranty Trust Bank (GTBank), says it has obtained an approval-in-principle from the Central Bank of Nigeria (CBN) to commence a formal process of restructuring to a
Japan’s fourth largest automaker Suzuki Motors, has forecast operating profit to fall by a quarter to $1.5 billion in the year to March as sales, in its key Indian market,
The Labour party has urged the UK trade secretary, Liz Truss, to end delays over rollover deals with Kenya and Ghana to prevent them being slapped with high tariffs when
Asian stocks were mostly higher on Thursday as investors continued to wait for the result of the United States presidential election. The Japanese benchmark Nikkei 225 closed up by 1.7%,
Dangote Group has announced that refined petroleum products from its 650,000 per day refinery under construction will hit the market by the last quarter of next year. Also, products from
Nigeria’s federal government will Thursday sign an agreement with Transcorp Consortium, the preferred bidder of Afam Power Plant, with a bid sum of N105 billion (about $272m). The Director-General of
Financial executives worldwide are waiting for a clear winner in the US election after President Donald Trump without evidence claimed foul play in the fight for the White House, stoking
China said on Tuesday reduced imports of Australian products like wine, coal and sugar were the result of buyers’ own decisions, after media said Beijing had told importers to stop
•Disburses N50bn intervention funds Fidelity Bank Plc sustained its impressive financial performance with a strong third quarter results for the year 2020 released on the Nigerian Stock Exchange (NSE). Details
Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a
Dangote Sugar Refinery (DSR) Plc has grown its profit after tax for the nine months ended September 30, 2020, by 81 per cent, thereby giving shareholders reason to salivate ahead
The World Bank has predicted that inflow of Diaspora remittance to Nigeria will drop by $2 billion in 2020 to $21.7 billion as against the $23.8 billion the country recorded
China’s foreign ministry on Monday said Customs put import restrictions on Australian timber and some seafood due to safety concerns amid continued trade tensions between the two nations. During a
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