Nigeria’s Cardoso says the Central Bank has no magic wand to tackle economic challenges.
Governor Olayemi Cardoso of Nigeria announced on Tuesday that the central bank will support the government’s goal of economic growth by taking on “more limited
AfDB raises $11 billion for poor nations with US funding still pending.
The African Development Bank (AfDB) said on Tuesday that it had raised $11 billion for its fund, which lends money to low-income nations on advantageous
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Boeing rakes $63b from Emirates group on the first day of Dubai Air Show.
With a $52 billion acquisition of Boeing Co. aircraft, long-haul airline Emirates kicked off the Dubai Air Show, demonstrating how aviation has recovered from the
Greece continues divestment of lenders with the sale of 20% of National Bank shares.
As part of its efforts to distance itself from the nation’s lenders, Greece on Monday revealed plans to sell a 20% share in the National
Israeli and Saudi ETFs suffer unprecedented outflow of funds.
When the worst violence in decades rocked the Middle East and rattled the region’s business-friendly narrative in October, foreign investors withdrew an unprecedented amount of
Saudi Arabia to deposit billions of dollars in Nigeria’s central bank and revamp four state refineries in 3 years.
Nigeria and Saudi Arabia reached agreements on Friday on a number of cooperation and investment agreements. Among these was the Saudi government’s commitment to finance
ICBC, China’s biggest bank ransomware attack crippled US treasury market trading.
The largest bank in China says its financial services division was the cause of the ransomware attack that allegedly caused trading in the US Treasury
HSBC plans to expand its personal banking operations in India by targeting individuals with high net worth above $30m.
After launching its private bank there in July, HSBC hopes to boost personal banking in the country to cater to the rapidly expanding population of
Saudi Arabia’s $700b wealth fund will make “game-changing” investments in Africa. – Minister
Mohammed Al-Jadaan, the Saudi Finance Minister, announced during the Saudi-Arab-African Economic Conference in Riyadh on Thursday that the Saudi Fund for Development would ink deals
China wants Ping An to acquire a 52% stake in Country Garden in a bid to rescue the property sector.
Ping An Insurance Group has been approached by Chinese authorities, to acquire a majority share in the troubled Country Garden, which is the largest private
Coca-Cola withdraws products in Croatia after several suffered chemical injuries while drinking bottled beverages.
On Wednesday, Croatian authorities advised the public to limit their water intake to tap water while they looked into many reports of people being ill
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