Euro zone financial markets are functioning well despite global turbulence and the European Central Bank is ready to deploy its financial instruments to maintain financial stability if necessary, ECB President Christine Lagarde said on Friday. Markets have endured a brutal week, marked by the eruption of an all-out trade war and a bond market selloff […]
A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump’s trade wars. Asset classes moving in tandem presents a conundrum for money managers, challenging ideas like commodities are a good way to diversify portfolios as […]
The 91-day Nigerian Treasury bills (T-Bills), in an unusual event, saw double the N50 billion amount offered on it by the Central Bank of Nigeria (CBN) as fear of global tariffs sees investors locking in on shorter instruments. Ayodeji Ebo, Managing Director/Chief Business Officer of Optimus by Afrinvest, explained that the increase in demand could […]
Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books. The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’ tariffs. The one-day gain ranks as the third biggest since World War II for the main stock market benchmark, according to […]
Donald Trump’s promised “Liberation Day” was originally planned for Tuesday, April 1, until the President told reporters last month he pushed it back 24 hours so it wouldn’t be viewed as an April Fool’s joke. “Nobody would believe what I said,” he explained. Perhaps he knew that his announcement on Wednesday, April 2, would sound a bit […]
The world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town in the western part of Eswatini–better known by its former name, Swaziland, in southern Africa. Yet nearly a quarter of them, worth a combined $3.3 trillion, have chosen to make their primary residence […]
The U.S. Department of Defense has awarded a combined $13.7 billion in launch service contracts to SpaceX, United Launch Alliance (ULA), and Blue Origin, marking the first time three companies will share responsibility for launching high-priority military and intelligence payloads. The contracts, announced April 4 by the U.S. Space Force’s Space Systems Command, are part […]
Oil prices plunged by 8 percent on Friday, heading for their lowest close since the midst of the coronavirus pandemic in 2021, as China hit back in an escalating global trade war with the US after President Donald Trump’s barrage of levies this week. China announced it will impose additional tariffs of 34 percent on […]
The likely implementation of tariffs imposed by the United States on April 2 means Europe will have to take better control of its future, European Central Bank (ECB) head Christine Lagarde said on Monday. “I’ve tried to describe this as a moment for our Europe… and I see it as the start of a march […]
China’s fury at the sale of Panama Canal ports to a US-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say. Hong Kong conglomerate CK Hutchison in March sold 43 ports in 23 countries – including operations in the vital Central American canal – to […]