The UK’s financial sector regulator banned two former senior bankers at Credit Suisse Group, who pleaded guilty in the US to being part of bribery in the $2 billion bond fraud in Mozambique. The Financial Conduct Authority banned Andrew Pearse, […]
Kuwait and Egypt’s non-oil private sectors maintained growth in February as business activity increased in both countries, according to S&P Global. In its latest report, the financial services firm revealed that Kuwait’s Purchasing Managers’ Index stood at 51.6 in February, […]
The Transmission Company of Nigeria (TCN) has announced that the country’s power sector achieved a new peak generation of 5,713.6 megawatts (MW) on March 2, 2025, successfully transmitted across the national grid. According to a statement issued by TCN’s management, […]
JX Advanced Metals Corp. cut Japan’s biggest initial public offering since Softbank Group Corp.’s to ¥439 billion yen ($2.9 billion), fueling concerns that demand for IPOs is waning after a banner year. The shares will be offered at ¥810 to […]
A fire at the Ufa refinery in the Republic of Bashkiria has been extinguished, local authorities reported, with early reports suggesting the facility may have become the latest target of Ukrainian drone attacks. A later update, however, had authorities report […]
More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has revealed. The Ministry of Industry and Mineral Resources announced that the permits have also helped attract investments […]
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn. Doing so could […]
Bullish strategists often cite a record $6.9 trillion in money market funds as potential fuel for stocks. But the surge in money market cash might not be because investors are waiting to pile into stock. Potential dip buyers don’t see […]
Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. Prada and Capri – […]
The Open Market Operations (OMO) sales surged 18 times in one year as the Central Bank of Nigeria (CBN) intensified its fight against inflation and naira volatility, sending a signal to investors of a shift to orthodox monetary policy. Data […]
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