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Pboc sets usd/ cny mid-point today at 7.1779 (vs. estimate at 7.3024)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade...
October 31, 2023, 1:15 am
Chevron acquisition: oil giant buys hess for $53bn in all-stock deal
It's official: Chevron is looking to keep up with Exxon after announcing its deal to buy Hess for $53 billion....
October 24, 2023, 12:27 pm
Chevron scoops up hess for a staggering $53bn
This acquisition boosts Chevron’s existing portfolio, adding assets such as the Stabroek block in Guyana and Hess Bakken, which expands Chevron’s ...
October 24, 2023, 7:55 am
Pboc sets usd/ cny central rate at 7.1786 (vs. estimate at 7.2992)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade...
October 24, 2023, 1:15 am
Markets respond to lower uk inflation and jump in treasury yields
According to Yahoo Finance, September’s public net sector borrowing in the UK came in at £14.3bn, 10...
October 23, 2023, 9:41 am
Tesla shares take a knock after missing q3 targets
The company’s Q3 revenue came in at $23.4bn, lower than the predicted $24.06bn mark. Despite this, it is still a 13% increase from the previous year...
October 20, 2023, 7:54 am
Microsoft owes $29 billion in back taxes says us government
Microsoft owes the US Treasury $28.9 billion (£23bn) in back taxes, plus penalties and interest accord...
October 11, 2023, 9:31 pm
Birkenstock shares open below offer price in us stock market debut
Shoemaker lands on NYSE with $8.3bn valuation but analysts warn public debut comes amid difficult marke...
October 11, 2023, 2:36 pm
Power corporation of canada: a retirement-oriented financial stock for retirees
Power Corp achieved Q2'23 revenues of $10.43bn, a 2.84% YoY increase, but experienced a decline in net ...
October 7, 2023, 4:42 am
Exxon eyeing pioneer in possible $60bn acquisition
Experts estimate that such an acquisition could be worth as much as $60bn. They would be Exxon’s most significant endeavour since the $81bn merger w...
October 6, 2023, 9:53 am
Nuvalent stock gains on lung cancer data, but i'd only buy on dip
Nuvalent, Inc. stock gained 36% and reached an all-time high of $58 per share yesterday, with a market cap valuation of $3....
October 5, 2023, 11:00 am
Equities market opens week bullish, gains n213bn
Trading activities in the domestic equities market yesterday gained N213 billion to start this week on a positive note, supported by investors’ dema...
October 4, 2023, 7:44 am
Micron tech gets us$1.3bn grant to build japanese semiconductor plant
Micron Technology Is to get an additional subsidy of US$1.3 billion (Y192b) from the Japanese government for an advanced semiconductor plant in Hirosh...
October 3, 2023, 6:21 am
Morphic holding: the price drop is very interesting
Morphic Holding, Inc.'s stock has dropped 61% in just 2 months, calling into question its $3bn valuatio...
September 28, 2023, 5:02 pm
Fx option expiries for 25 september at the 10am new york cut
EUR/USD 1.0725 in the amount of EU919.5mn, 1.0540 in the amount of EU695mnUSD/JPY 149.00 in the amount of $643mn,147.00 in the amount of $1.24bn GBP/U...
September 25, 2023, 4:21 am
Instacart stock hit a few bumps after its market debut
The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut ...
September 22, 2023, 8:40 am
Equinor's (eqnr) johan castberg cost estimate rises nok 13bn
Equinor's (EQNR) Johan Castberg project stands profitable at oil prices exceeding $35 per barrel, despite facing another NOK 13 billion cost rise....
September 20, 2023, 9:46 am
Equities extend bullish run as ngx gains n263bn
The Nigerian Exchange (NGX) closed in positive territory at the end of Tuesday’s trading session as equities extended a bullish … Read Full Story ...
September 19, 2023, 4:44 pm
China's weak yuan has cost already troubled chinese property developers $3bn
Property development firms in China borrowed in US dollars and thus the slide in the yuan against the dollar has increased these firms debt repayments...
September 17, 2023, 9:19 pm
Linde: best of breed defensive growth plus hydrogen upside make it a buy
Linde plc is the global leader in industrial gases with a 33% market share and FY22 revenues of more than $33b...
September 15, 2023, 2:39 pm