Business

World Stocks Extend Global Recovery, Set For Sixth Day Of Gains

World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs. Gains were marginal, however, and scored largely in Asian markets, with Japan’s...

US Diplomat In Nigeria Says Country Is Ripe For Investors

The head of the U.S. Consulate in Nigeria’s capital says U.S. support for Nigeria’s economy will continue given the African country’s demographics. United States Consul General F. John Bray spoke with The Associated Press on Monday after participating in the...

Oil Price Hit $70 Amid OPEC Cuts

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BEVERLY HILLS, January 24, (THEWILL) -Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC)...

FTC Set To Make Second Request On Broadcom’s Bid For Qualcomm: Sources

The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd’s (AVGO.O) $103 billion hostile bid for Qualcomm Inc (QCOM.O), people familiar with the matter said on Friday, indicating heightened antitrust scrutiny. The...

NSE Market Capitalisation Hits N16.080trn All-Time High

SAN FRANCISCO, January 17, (THEWILL) - The price rally on the Nigerian Stock Exchange (NSE) continued on Wednesday with the market capitalisation hitting an all-time of N16.080 trillion. The market capitalisation, which opened at N15.782 trillion inched N298 billion or 1.89...

Inflation Drops To 15.37% In December 2017 – NBS

BEVERLY HILLS, January 16, (THEWILL) - The National Bureau of Statistics (NBS) has stated Nigeria's inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.37 per cent in December 2017 from 15.90 per cent recorded in...

South Korea Plans To Ban Cryptocurrency Trading, Rattles Market

South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion. The clampdown...

Bonds Bounce, Stocks Struggle, Bitcoin Battered

Worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S....

South Korea Justice Ministry Prepares To Ban Cryptocurrency Trading, Exchanges Raided

South Korea’s justice minister said on Thursday the government is preparing a bill to ban cryptocurrency trading, throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion. The clampdown...

Wall Street Lower After Report China May Slow U.S. Bond Purchases

Wall Street’s major indexes fell on Wednesday, stalling the rally that marked the start of 2018, after a report that China is considering slowing its purchases of U.S. government debt. Bank stocks were largely favored as U.S. Treasury yields jumped...