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LATEST Fast News  

EM-Shares recover as China selloff eases, Fed in focus

28 Jul 2021 /  Susan Mathew, Reuters  
Most market experts expect more regulations in China.

Bitcoin eyes longest winning streak in 2021 amid crypto rebound

28 Jul 2021 /     1
The virtual coin rose as much as 6.1% to top $40 000 and was trading at about $39 700 as of 8:15 a.m. in London on Wednesday.

Rio Tinto pays $9.1bn dividend as profit hits record

28 Jul 2021 /  Thomas Biesheuvel and James Thornhill, Bloomberg  
As the company and its global rivals cash in on this year’s commodities rally.

US to ship 4m Covid-19 vaccine doses to Nigeria, 5.66m to SA

28 Jul 2021 /  Andrea Shalal, Reuters  
As the continent battles a third wave of infections, White House officials said.

Stocks fall, futures waver as China saps sentiment: markets wrap

28 Jul 2021 /  Andreea Papuc, Bloomberg  
Apple fell in extended trading amid concern over slower growth, while Alphabet rose on Google’s strong sales.

Visa card spending buoyed by return of travel, crypto frenzy, stimulus checks

28 Jul 2021 /  Jenny Surane, Bloomberg  
A trend that may offset broader cross-border spending growth on the firm’s cards.

Mattel trounces analysts’ sales estimates amid boom in toys

28 Jul 2021 /  Kelly Gilblom and Christopher Palmeri, Bloomberg  
Reporting second-quarter results that soared past analysts’ expectations amid an ongoing toy-buying boom.

Beijing crackdown sparks record slide for Chinese stocks in US

28 Jul 2021 /  Matt Turner, Bloomberg  
Wrapping up another day of heavy losses, as investors shunned the assets amid a broad-based crackdown by regulators in Beijing.

Wall street’s IPO fee machine under threat post-China clampdown

28 Jul 2021 /  Drew Singer, Bloomberg  
Threatens to reverse a surge in underwriting fees for US investment banks like Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley.

Global recovery gap widens on unequal vaccine access, IMF says

28 Jul 2021 /    
Further widening the recovery gap between advanced and developing economies.

Rio expands in battery metals with $2.4bn lithium mine

28 Jul 2021 /  Thomas Biesheuvel and Misha Savic, Bloomberg  
In the latest sign that the biggest miners are pushing into metals poised to benefit from the green-energy transition.

African nations criticise push to fast-track deep-sea mining talks

UPDATE
27 Jul 2021 /  Helen Reid and Jeff Lewis, Reuters   1
Seabed mining could hurt mining-dependent economies.

Nigeria to launch digital currency, ‘e-naira’, in October – central bank

27 Jul 2021 /  Chijioke Ohuocha, Reuters   1
Central Bank Governor Godwin Emefiele said the 'e-naira' would operate as a wallet against which customers can hold existing funds in their bank account.

BHP swoops on Canadian nickel miner Noront, trumping Forrest

27 Jul 2021 /  Thomas Biesheuvel, Bloomberg  
As the world’s biggest miner accelerates its push into metals poised to benefit from the green-energy transition.

After two years of three digits, Zimbabwe inflation drops to 56%

27 Jul 2021 /  Ray Ndlovu, Bloomberg   1
The central bank sees inflation slowing to below 25% by year-end.
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