Category Archives: Finance

Dollar Slips As Stocks Give Back Gains

The dollar fell on Friday from a two-year high after orders for U.S.-made capital goods fell, further evidence that manufacturing and the broader economy are slowing, due in part to the trade conflict with China. The weaker-than-expected data, a closely

Gold Eases as Equities Climb, But on Track for Weekly Gain

Gold eased on Friday as stock markets regained momentum, with a weaker dollar and renewed hopes of a rate cut by the U.S. Federal Reserve keeping bullion on track for a weekly gain. Spot gold was down 0.1% at $1,281.62

Facebook ‘Aims to Launch Cryptocurrency Early Next Year’

Facebook has been in contact with US and British financial regulators with a view to launching its own cryptocurrency next year, the BBC reported on Friday. “GlobalCoin” would work with a new digital payments system in about a dozen countries,

Pound Rises After May Announces Plans to Resign

The pound rose on Friday and was set to snap a record losing streak against the euro after British Prime Minister Theresa May set out a departure date after failing to push through a Brexit divorce deal. Trading was volatile

UBA Partners With Mastercard To Reward Loyal Customers With All-expense Paid

UBA Partners with MasterCard to Reward Loyal Customers with All-Expense Paid Trip to 2019 UEFA Champions League Leading Pan-African Bank, United Bank for Africa (UBA) PLC in partnership with leading global payments and technology company, Mastercard recently announced lucky winners

The Black Billionaires 2019 – Forbes list

Of the 2,153 people who made it to the 2019 FORBES list of the World’s Billionaires, 13 of them are black, up from 11 a year ago.  Cement tycoon Aliko Dangote is still the richest black person in the world

Sterling Plunges as Pressure on PM May to Step Down Looms

Sterling weakened again on Thursday as pressure mounted on Prime Minister Theresa May to name a date for her departure after a backlash over her last-ditch plans for Britain’s exit from the European Union. May’s final attempt to get colleagues’

Dollar Hits two-year high, safe havens up on Stormy Global Economy

The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan. Worries over German manufacturing, the