Mastercard To Allow Customers Transact In Select Cryptocurrencies On Its Network
Mastercard Incorporated has said it will offer support for customers and begin to accept cryptocurrencies on its network in 2021 as it prepares for “the future of crypto and payments”. Mastercard Incorporated is an American multinational financial services corporation headquartered in New York, United States. Executive Vice-president for digital assets, blockchain products and partnerships, Raj […]
Toyota Posts 54% Rise In Third-quarter Operating Profit, Hikes Full-year Forecast
Japan’s Toyota Motor Corp on Wednesday reported a bigger-than-expected 54% jump in third-quarter profit and jacked up its full-year earnings forecast, boosted by a rebound in demand for cars as the coronavirus pandemic’s impact recedes and sales climb in China in particular. Toyota, the biggest automaker globally by vehicle sales, said operating profit rose to […]
Cuba Opens Up Economy To Private Businesses
Cuba has announced it will allow private businesses to operate in most industries, in what is a major reform to its state-controlled economy. Labour Minister Marta Elena Feito said the list of authorised industries had expanded from 127 to more than 2,000. Only a minority of industries would be reserved for the state, she said. […]
Okonjo-Iweala Thanks Nigerians, Buhari, U.S. For Support
Former Minister of Finance, Dr Ngozi Okonjo-Iweala, has thanked Nigerians and President Muhammadu Buhari for their support following her emergence as the sole candidate for the top job at the World Trade Organisation (WTO). She also extended her appreciation to the United States government after the country endorsed her to become the Director-General of the […]
$5 Billion Alibaba Bond Deal Calls Investors Attention Eight Times The Debt Offered
Alibaba Group Holding Ltd’s $5 billion U.S.-dollar bond offering received demand for eight times the debt offered, underscoring global investors’ faith in founder Jack Ma’s e-commerce behemoth despite a regulatory crackdown on his empire. Pricing for the deal was set on Friday tighter than initially flagged by the company on Thursday, indicating robust demand to […]
WTO DG: Coast Clear For Okonjo-Iweala As South Korea Withdraws Candidate
South Korean trade minister Yoo Myung-hee on Friday abandoned her bid to become head of the World Trade Organization, Seoul said, clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the global body’s first woman and first African director-general. Yoo made the decision after discussions with the U.S. and other major nations, and took various issues […]
Oil Rises To Near One-Year Highs After US Stock Drawdown
Oil prices rose almost 2% on and hovered near their highest levels in about a year, after government data showed U.S. crude stockpiles fell to their lowest since March, while OPEC+ maintained its supply cut agreement. Brent crude futures rose 91 cents, or 1.6%, to $58.37 a barrel by 1:24 p.m. EST (1824 GMT). The […]
Oil Price Rises To $58, OPEC Exceeds Output Cut Target
The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said its members had achieved 101% adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose to $58 per barrel yesterday hitting over 11-month high after major producers showed they were cutting crude […]
Jeff Bezos Is Stepping Down As Amazon CEO
Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. He will be replaced by Andy Jassy. Bezos has been Amazon’s CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $1.7 trillion […]
Nigeria’s Crude Oil Exports Hit Three-Year Low, Says Report
West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output in Angola. Combined flows from the region fell to 3.41 million barrels a day in January from 3.8 million barrels a day in December, according […]
