Business

Chinese Trader’s Unit Ordered to Liquidate by Hong Kong Court

A unit of China’s state-backed SDIC Commodities Co. was ordered to liquidate by a Hong Kong court, adding to the financial troubles for the metals trader as Beijing increases scrutiny on the sector.

Rethinking the CBN’s Mandate: Lessons from Malaysia for Nigeria

During a recent academic study tour of key financial institutions in Malaysia with some of my PhD students from Nasarawa State University, Keffi, I had the opportunity to visit Bank Negara Malaysia (BNM), the Central Bank of Malaysia…

UBEC launches school in Lagos to re-enrol female dropouts

The Universal Basic Education Commission (UBEC) has launched an Alternative High School for Girls in Agboju, Lagos State to enable female school dropouts to return to the classroom. Speaking at the commissioning of the facility, UBEC…

Japan Q2 growth misses forecasts on weaker spending, investment

Idol game app firm collapses as data shows bankruptcies up 7% on year

Even as share indexes reach record highs on the back of corporate profits, bankruptcies have also been on the rise amid higher material costs and labor shortages.

Oil prices hold steady as Hormuz shipping slows while Iran-US peace talks stall

Accenture CEO Julie Sweet makes a 'vacation request' to employees for this month

Accenture's CEO, Julie Sweet, has requested that employees delay their vacation in August. This temporary policy adjustment is designed to bolster staff presence as the company approaches the end of its financial year. Following…

Silver Traders Brave Red Tape to Capture Indian Premiums

Shipments of silver into India are picking up despite administrative hurdles, as traders seek to capitalize on attractive premiums after a new licensing regime disrupted imports.

Restaurant chain operator Ootoya plans to accelerate expansion overseas

The company currently operates about 140 Japanese restaurants across eight countries and regions, including Thailand, Taiwan and the United States.

Ferrari's first ever electric car sold for record $40m at auction

The Luce's launch drew backlash from some commentators who said it broke from the brand's signature dramatic styling.

Copper Heads Toward Record High on LME as Supply Tensions Build

Copper extended a seven-week rally to head toward a record, with a key price spread on the London Metal Exchange widening to unusual levels in a clear sign of rising competition for short-term supply.

First Philippine rejects KKR proposal to buy stake in power generation unit