– Global pandemic nervousness hits markets– British pound collapses on deteriorating sentiment– Subject to losses against EUR and USD– Haskel sinks expectations of rate hikes Above: Prime Minister Boris Johnson gives a press conference on Covid-19. Still courtesy of 10 Downing Street. Market rate at publication: GBP / EUR: 1.1593 | GBP / USD:...
Read MoreFormer Vice President Atiku Abubakar has warned Nigerians they will not be able to appreciate God’s love as killings of innocent people and hate rhetoric remain the order of the day. He made the observation in his message, Monday, on the occasion of the celebration of Eid-el-Kabir. “We would not be able to fully...
Read MoreA Lebanese Hezbollah supporter gestures as he holds a Hezbollah flag in Marjayoun, Lebanon, May 7, 2018. REUTERS / Aziz Taher / File Photo Lebanon is going through one of the most serious economic depressions in modern history. More than half of the country’s population now live in poverty and the country’s currency has...
Read MoreBy Collins Nweze Little research by Enhancing Financial Innovation & Access (EFInA) has shown that blockchain technology can add $ 29 billion to Nigeria’s gross domestic product (GDP) by 2030 and promote financial inclusion. The report, titled “Blockchain Potential for Financial Inclusion in Nigeria,” describes the potential of blockchain to boost financial inclusion and...
Read MorePresident Andres Manuel Lopez Obrador denounced the intervention of foreign agents in the sovereignty of Cuba and offers the Caribbean island food and medical aid. During his daily press conference, Lopez Obrador referred to the recent protests by opponents of the Cuban Communist Party who took to the streets on Sunday and the US...
Read MoreThe Securities and Exchange Commission has done its best to prove that XRP is an unregistered security, while having Ripple and its leaders serve for its alleged misdeeds. However, in doing so, the SEC, according to many observers, failed to provide crucial evidence questioning the usefulness of XRP. In fact, according to the...
Read MoreKantox, a European fintech and leader in currency management automation software, announced the extension of its partnership with Silicon Valley Bank (SVB), the bank for the world’s most innovative companies and their investors. With this expansion, SVB client companies across the United States will now be able to take advantage of Kantox’s award-winning Kantox...
Read MoreThe Chronicle Prosper Ndlovu, business writerAPPROXIMATELY 30 Zimbabwean companies are expected to showcase their products at the Malawi solo exhibition scheduled for next week in Lilongwe. The “solo expo” will be held from July 12 to 14 as part of strict Covid-19 prevention measures under the theme: “Promoting business partnerships,” the organizers said. The...
Read MoreRotimi Amaechi. Photo; TWITTER / CHIBUIKEAMECHI Yesterday, Transport Minister Rotimi Amaechi recommended that stiffer charges be imposed on anyone accused of vandalizing the country’s rail facilities. Amaechi made the recommendation during a ministerial briefing hosted by the presidential media team at the State House, Abuja. He felt that introducing tougher penalties such as...
Read MoreCentral banks also intervene periodically in the foreign exchange markets. By Sunil Parameswaran A central bank such as the Reserve Bank of India (RBI) periodically intervenes in the debt market to influence the interest rates and inflation rate of the economy. If the RBI feels inflation is too high, it will sell government securities...
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