International Business

US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

Agence France-Presse | Friday October 08, 2021

US President Joe Biden put a gloss on disappointing job creation figures Friday by focusing on a drop in unemployment, which he said marks a "sign that our recovery is moving forward."

Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele

Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele

Reuters | Thursday October 07, 2021

The Central Bank of Nigeria (CBN) will launch the eNaira, its digital currency, in a couple of days from now, Governor Godwin Emefiele said on Thursday.

China's Forex Reserves Fall By $31.5 Billion In September

China's Forex Reserves Fall By $31.5 Billion In September

Press Trust of India | Thursday October 07, 2021

China's foreign exchange reserves, the largest in the world, fell to $3.2006 trillion at the end of September, down $31.5 billion from a month earlier, according to official data released on Thursday.

What Happens If The United States Defaults On Its Debt?

What Happens If The United States Defaults On Its Debt?

Agence France-Presse | Saturday October 02, 2021

After narrowly avoiding a shutdown of the US government, President Joe Biden's Democratic lawmakers and the Republican opposition face an even more high-stakes task: forging an agreement to raise the country's borrowing limit or risk a catastrophic default.

Exports Grew By 45% To Reach $33.14 Billion in August, Trade Deficit Widens

Exports Grew By 45% To Reach $33.14 Billion in August, Trade Deficit Widens

Edited by Animesh Singh | Thursday September 02, 2021

Trade deficit widened in August 2021 and was $13.87 billion, whereas it was at $ 8.2 billion during the corresponding period of last year.

Netflix To Add Mobile Video Games As Subscriber Growth Slows

Netflix To Add Mobile Video Games As Subscriber Growth Slows

Reuters | Wednesday July 21, 2021

Netflix is weathering a sharp slowdown in new customers after a boom in 2020 fueled by stay-at-home orders to curb the COVID-19 pandemic.

China's Economy Grows More Slowly Than Expected In Second Quarter

China's Economy Grows More Slowly Than Expected In Second Quarter

Reuters | Thursday July 15, 2021

Growth slowed significantly from a record 18.3 per cent expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump.

Government Unveils Upgraded Portal For Trading Firms

Government Unveils Upgraded Portal For Trading Firms

Edited by Animesh Singh | Wednesday July 07, 2021

The companies which have AEO certification are considered as a safe and secure trading partner.

Microsoft Names Chief Executive Officer Satya Nadella As Chairman

Microsoft Names Chief Executive Officer Satya Nadella As Chairman

Reuters | Thursday June 17, 2021

Mr Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications and ZeniMax.

US Fed Signals Higher Rates In 2023, Bond-Buying Taper Talks As Virus Fades

US Fed Signals Higher Rates In 2023, Bond-Buying Taper Talks As Virus Fades

Reuters | Thursday June 17, 2021

Seven of the officials see rates moving higher next year, opening the possibility of even more aggressive action.

Dogecoin Cryptocurrency Slumps After Hashtag-Fueled Surge To Record High

Dogecoin Cryptocurrency Slumps After Hashtag-Fueled Surge To Record High

Reuters | Wednesday April 21, 2021

Dogecoin ultimately fell 15.4 per cent to US$0.33, but during the session when it hit a record peak, its market capitalization soared to more than $50 billion.

Coca-Cola Posts Sparkling Quarter, Warns Of Rocky Recovery On Rising Covid Cases

Coca-Cola Posts Sparkling Quarter, Warns Of Rocky Recovery On Rising Covid Cases

Reuters | Monday April 19, 2021

Coca-Cola Co thumped estimates for quarterly results on Monday as sales in Asia picked up following the reopening of stores and restaurants.

GameStop Initiates Search For New CEO: Report

GameStop Initiates Search For New CEO: Report

Reuters | Tuesday April 13, 2021

Its stock is up almost 4,000% from a year ago, after it became the poster child of day traders betting on so-called meme stocks.

Australian Mining Stock Surges After Being Mistaken For GameStop

Australian Mining Stock Surges After Being Mistaken For GameStop

Agence France-Presse | Thursday January 28, 2021

Trading volume in the company was at more than 20 times the normal average, leading some to believe that GME had been mistaken for GameStop

Fed Keeps Policy Steady As Biden Inches Closer To Victory

Fed Keeps Policy Steady As Biden Inches Closer To Victory

Reuters | Friday November 06, 2020

Powell said the Fed is only now beginning to consider whether it needs to extend various emergency credit facilities beyond their December 31 expiration.