Governors Sue Nigeria Over Naira Redesign as Cash Vanishes
Nigeria’s demonetization plan is causing a schism within the ruling All Progressives Congress.
Nigeria’s demonetization plan is causing a schism within the ruling All Progressives Congress.
Nintendo Ltd. has sat out the rally in tech stocks this year and may remain stuck in the doldrums until it unveils a successor to its Switch game console, which has seen sales declining over the past two years.
The worst housing-market crash and the fastest inflation since the 1990s are turning Sweden into an early victim of the global tightening cycle — driving its currency to an almost 14-year low as policy makers walk the line between saving an overleveraged economy and taming price growth.
After decades in public markets, the Rothschild dynasty — one of the most storied names in banking — has decided its flagship bank is best in private hands.
The brisk rally in US stocks over the past month may be as good as it gets this year, according to Goldman Sachs Group Inc. strategists.
Apple Inc.’s latest iPhones are selling at discounts of more than $100 in China, an unusually steep price cut just months after launch that suggests dwindling demand for even its highest-end devices.
US stocks are poised for a rocky start to the trading week, after Friday’s unexpectedly strong jobs report could signal further rate increases from the Federal Reserve, and quell expectations that the central bank would stop hikes or even move to cuts this year. While the labor market remains strong, the US tech megacaps delivered disappointing results last week, with Apple, Alphabet and Amazon all providing weaker guidance, and Dell joining the list of companies cutting their workforce. Softer
A flurry of big deals in sectors ranging from mining to storage has provided respite for the world’s dealmakers after their slowest start to a year in two decades.
Volvo AB is joining a growing roster of manufacturers considering moving investments to the US if Europe doesn’t bolster aid in response to Joe Biden’s landmark green subsidy push.
Turkey has halted crude-oil flows to the Ceyhan export terminal on the Mediterranean coast as a precaution following a devastating earthquake, according to an official with knowledge of the matter.