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May 31, 2023
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Apple to spend billions of dollars on US-made 5G tech Apple and Jobs
1 min read
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Apple to spend billions of dollars on US-made 5G tech

Timilehin Adejumobi May 24, 2023
The iPhone maker did not specify exactly how many billions of dollars it would put into the...
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Global dividends hit first quarter record $326.7bln
1 min read
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Global dividends hit first quarter record $326.7bln

Timilehin Adejumobi May 24, 2023
Global dividends surged 12 percent between January and March compared to the same period in 2022, which...
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China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps
1 min read
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China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps

Timilehin Adejumobi May 24, 2023
The world's largest PC maker said fourth-quarter revenue was $12.63 billion, down 24% from the same period...
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Asia stocks falter, NZ dlr stumbles as RBNZ signals hikes over Asian Stocks
1 min read
  • Asia
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Asia stocks falter, NZ dlr stumbles as RBNZ signals hikes over

Timilehin Adejumobi May 24, 2023
The U.S. dollar - paradoxically - remained elevated amid safe-haven demand, which was also a driver of...
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Vietnam’s No Va Land in talks with Credit Suisse, others to restructure debt -source Credit Suisse
1 min read
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Vietnam’s No Va Land in talks with Credit Suisse, others to restructure debt -source

Timilehin Adejumobi May 23, 2023
The country's fifth-largest developer by market value has been badly hit with the real estate sector wracked...
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PacWest Bancorp’s plan to sell $2.6 bln real estate loans calms investors
1 min read
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PacWest Bancorp’s plan to sell $2.6 bln real estate loans calms investors

Timilehin Adejumobi May 23, 2023
Earlier this month, the bank had said it was exploring strategic asset sales to sharpen focus on...
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Eurozone economic growth slows in May Eurozone
1 min read
  • Europe
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Eurozone economic growth slows in May

Timilehin Adejumobi May 23, 2023
For the fifth month in a row, growth in the 20-country single currency zone remained in positive...
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Lowe’s cuts annual sales, profit forecasts as demand wavers
1 min read
  • Europe
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Lowe’s cuts annual sales, profit forecasts as demand wavers

Timilehin Adejumobi May 23, 2023
Shares fell about 2% premarket after of the North Carolina-based company also missed estimates for first-quarter comparable...
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Markets nervous on Fed ceiling uncertainty, US yields rise
1 min read
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Markets nervous on Fed ceiling uncertainty, US yields rise

Timilehin Adejumobi May 23, 2023
President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement on Monday on how...
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World Bank seeks grants, new capital to fight global crises World Bank
1 min read
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World Bank seeks grants, new capital to fight global crises

Timilehin Adejumobi May 23, 2023
The lender will rally donor support for a newly established crisis facility for the world's poorest countries...
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IMF says UK no longer heading for a recession in 2023
1 min read
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IMF says UK no longer heading for a recession in 2023

Timilehin Adejumobi May 23, 2023
The IMF said British gross domestic product was set to grow by 0.4% in 2023. In April,...
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Oil extends gains on higher gasoline demand, tighter supply
1 min read
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Oil extends gains on higher gasoline demand, tighter supply

Timilehin Adejumobi May 23, 2023
Brent crude futures rose 35 cents, or 0.46%, to $76.34 a barrel by 0630 GMT while U.S....
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Tesla offers China-made electric vehicles for sale in Canada TESLA
1 min read
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Tesla offers China-made electric vehicles for sale in Canada

Timilehin Adejumobi May 23, 2023
Both models qualify for federal incentives of C$5,000 ($3,700) in Canada, which, unlike the United States, does...
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QIA commits up to 1 bln riyals to local market-making program
1 min read
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QIA commits up to 1 bln riyals to local market-making program

Timilehin Adejumobi May 23, 2023
The $445 billion sovereign wealth fund said the commitment is set to run over the next five...
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OpenAI is exploring collective decisions on AI, like Wikipedia entries
1 min read
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OpenAI is exploring collective decisions on AI, like Wikipedia entries

Timilehin Adejumobi May 23, 2023
At AI Forward, an event in San Francisco hosted by Goldman Sachs Group Inc and SV Angel,...
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Dollar scales 6-month peak against yen on US rate expectations Dollar
1 min read
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Dollar scales 6-month peak against yen on US rate expectations

Timilehin Adejumobi May 23, 2023
Among a slew of Federal Reserve heavyweights who spoke on Monday, some hinted that the central bank...
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Wall Street mixed, European stocks flat as US debt ceiling talks progress
1 min read
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Wall Street mixed, European stocks flat as US debt ceiling talks progress

Timilehin Adejumobi May 23, 2023
A failure to lift the debt ceiling would trigger a default, likely sparking chaos in financial markets...
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Watchdog proposes first set of global rules for crypto sector
1 min read
  • Cryptocurrency
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Watchdog proposes first set of global rules for crypto sector

Timilehin Adejumobi May 23, 2023
The industry, which typically only has to comply with anti-money laundering checks, has been calling for a...
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SoftBank exploring offering credit funds to tech startups SoftBank Group Corp
1 min read
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SoftBank exploring offering credit funds to tech startups

Timilehin Adejumobi May 23, 2023
The plan, which was still in its early stage and could change, was first reported by Bloomberg...
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Asian stocks notch two-week peak as focus turns to PMIs Asian Stocks
1 min read
  • Asia
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Asian stocks notch two-week peak as focus turns to PMIs

Timilehin Adejumobi May 23, 2023
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) touched its highest since May 9, and was up about...
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Meta fined $1.3 bn for sending data to the US Metaplatforms
2 min read
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Meta fined $1.3 bn for sending data to the US

Feyisayo Ajayi May 22, 2023
Facebook's parent firm, Meta Platforms Inc, is facing large penalties from U privacy regulators of $1.3 billion...
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5 African Presidents Join Buhari in Dangote Refinery Commisioning Dangote Oil Refinery1
2 min read
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5 African Presidents Join Buhari in Dangote Refinery Commisioning

Feyisayo Ajayi May 22, 2023
Dangote Oil Refinery, Africa's largest is set to be inaugurated on May 22nd, 2023, with President Buhari...
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Regulators dust off rule books to tackle generative AI like ChatGPT
1 min read
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Regulators dust off rule books to tackle generative AI like ChatGPT

Timilehin Adejumobi May 22, 2023
"In absence of regulations, the only thing governments can do is to apply existing rules," said Massimiliano...
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Stocks trade cautiously ahead of US debt talks
1 min read
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Stocks trade cautiously ahead of US debt talks

Timilehin Adejumobi May 22, 2023
U.S. stock index futures were largely flat, with S&P 500 futures up 0.01% and Nasdaq futures down...
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JPMorgan expects $3 bln income boost from First Republic deal
1 min read
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JPMorgan expects $3 bln income boost from First Republic deal

Timilehin Adejumobi May 22, 2023
The largest U.S. lender agreed to take into its books $173 billion of the failed bank's loans,...
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Ford signs deal with Nemaska Lithium in push to boost EV output
1 min read
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Ford signs deal with Nemaska Lithium in push to boost EV output

Timilehin Adejumobi May 22, 2023
Shares of the company, which is holding a "Capital markets" event later in the day, edged up...
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Cybersecurity firms’ earnings set to benefit from growing threat of hacks
1 min read
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Cybersecurity firms’ earnings set to benefit from growing threat of hacks

Timilehin Adejumobi May 22, 2023
That compares with growth of almost 26% in the prior quarter and 29% a year earlier, underscoring...
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Meta fined a record $1.3 billion over EU user data transfers to the U.S.
1 min read
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Meta fined a record $1.3 billion over EU user data transfers to the U.S.

Timilehin Adejumobi May 22, 2023
The decision links back to a case brought by Australian privacy campaigner Max Schrems who argued that...
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Futures flat as debt limit talks to continue, Micron slides
1 min read
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Futures flat as debt limit talks to continue, Micron slides

Timilehin Adejumobi May 22, 2023
Hopes that a deal would be struck sometime over the weekend to raise the $31.4 trillion U.S....
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Treasury yields tumble as investors weigh debt ceiling talks, Fed rate policy US Treasury
1 min read
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Treasury yields tumble as investors weigh debt ceiling talks, Fed rate policy

Timilehin Adejumobi May 22, 2023
At 4:03 a.m. ET, the 10-year Treasury was trading more than four basis points lower at 3.6497%. The yield...
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Fintech firm Wise’s shares fall after announcing CFO is resigning, CEO to go on leave
1 min read
  • Europe
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Fintech firm Wise’s shares fall after announcing CFO is resigning, CEO to go on leave

Timilehin Adejumobi May 22, 2023
Briers will step down as Wise CFO in March 2024, once Kaarman has returned from a sabbatical...
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