Timilehin Adejumobi / News OTGlobal

Walmart, Amazon and Target are spending billions in a slowing economy

1 min read

Walmart, Amazon and Target are spending billions in a slowing economy

Timilehin Adejumobi September 11, 2022

When the economy slows down, the classic response for consumer businesses is to cut back: slow hiring,...

As yen looks set to weaken, intervention seen a drop in bucket

1 min read

As yen looks set to weaken, intervention seen a drop in bucket

Timilehin Adejumobi September 10, 2022

Despite stepped-up warnings by Japanese authorities, the yen looks on course to lose more of its value...

Taiwan chip giant TSMC sees all-time high revenue in August

1 min read

Taiwan chip giant TSMC sees all-time high revenue in August

Timilehin Adejumobi September 10, 2022

Taiwanese semiconductor giant TSMC said Thursday its August revenue rose nearly 60 percent to a record high...

Saudi wealth fund to issue green bonds as soon as next week

1 min read

Saudi wealth fund to issue green bonds as soon as next week

Timilehin Adejumobi September 10, 2022

Saudi Arabia’s $620 billion sovereign wealth fund, the Public Investment Fund (PIF), is expected to tap international...

Amazon sellers see ‘scary’ holiday season as consumers pull back

1 min read

Amazon sellers see ‘scary’ holiday season as consumers pull back

Timilehin Adejumobi September 10, 2022

Amazon sellers see ‘scary’ holiday season as consumers pull back Spencer Soper, sellers are bracing for a...

Japanese Gov’t unveils inflation-relief package

1 min read

Japanese Gov’t unveils inflation-relief package

Timilehin Adejumobi September 10, 2022

The Japanese government decided Friday on a new relief package to cope with accelerating inflation, featuring a...

Canada sheds jobs for third month, unemployment rate jumps to 5.4%

1 min read

Canada sheds jobs for third month, unemployment rate jumps to 5.4%

Timilehin Adejumobi September 9, 2022

Canadian employment levels unexpectedly fell for a third straight month in August and the jobless rate jumped,...

Japan says it is ready to take action as yen dives

1 min read

Japan says it is ready to take action as yen dives

Timilehin Adejumobi September 9, 2022

TOKYO Japan is ready to take action if the yen’s plummeting value remains volatile, officials repeated on...

European markets set to rise slightly after record ECB rate hike

1 min read

European markets set to rise slightly after record ECB rate hike

Timilehin Adejumobi September 9, 2022

European markets looked set to open slightly higher Friday, as investors react to a record rate hike...

Monetary sector indicators in Saudi Arabia surge at varying rates

1 min read

Monetary sector indicators in Saudi Arabia surge at varying rates

Timilehin Adejumobi September 9, 2022

The Saudi Central Bank (SAMA) announced that the indicators of the monetary sector had recorded an increase...

US Stock gyrate on Hawkish fed, ECB

1 min read

US Stock gyrate on Hawkish fed, ECB

Timilehin Adejumobi September 8, 2022

US stocks gyrated wildly on Thursday, losing ground in afternoon trading after attempting a rebound in the...

Timilehin Adejumobi

Islamic Development Bank approves $1.12bln in development financing for nine member countries

Walmart, Amazon and Target are spending billions in a slowing economy

As yen looks set to weaken, intervention seen a drop in bucket

Chinese battery maker, Farasis, unveils new battery that lasts longer than Tesla’s batteries

German automaker BMW plans to purchase new round cells from Chinese makers

EU ministers back $5bln loan to Ukraine, discuss long-term options

Taiwan chip giant TSMC sees all-time high revenue in August

Queen Elizabeth to remain on Canadian cash ‘for years to come’

Saudi wealth fund to issue green bonds as soon as next week

Amazon sellers see ‘scary’ holiday season as consumers pull back

India shares mark first weekly gain in three, tech stocks rally

Burger King unveils $400 million plan to revive U.S. sales with investments in renovations and advertising

Japanese Gov’t unveils inflation-relief package

Gucci to hold Alessandro Michele-directed show at Korean royal palace

Mideast Stocks: Abu Dhabi bourse tracks oil prices higher; Dubai flat

Apple’s latest iPhone 14 launched in China without anticipated price hike

G-7 looks to recruit more countries on Russian oil cap before negotiating details, officials say

U.S. household wealth suffers record drop in second quarter

Canada sheds jobs for third month, unemployment rate jumps to 5.4%

Bitcoin tops psychological $20,000 level in ‘bearish rally’ as U.S. dollar falls

Japan says it is ready to take action as yen dives

European markets set to rise slightly after record ECB rate hike

Trump-linked SPAC adjourns shareholder meeting until October as it seeks votes to delay merger

Monetary sector indicators in Saudi Arabia surge at varying rates

Sterling falls vs dollar, euro after death of Queen Elizabeth

Lower economic growth necessary to bring inflation down: BoC senior deputy governor

GM is betting on its electric Equinox, starting at $30,000, to kick-start ‘massive adoption’ of EVs

Queen Elizabeth II of Britain, world’s longest-serving monarch, dies at 96

US Stock gyrate on Hawkish fed, ECB

Egypt sets customs exchange rate of 19.32 pounds/U.S. dollar from Sept. 8

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