ABUJA, Aug 29 (Reuters) – Nigerian conglomerate UAC Plc has signed an agreement to acquire the minority shares of its unlisted subsidiary UAC Foods from South Africa’s Tiger Brands next month, it said. The sale makes Tiger Brands the latest South African business to exit Nigeria, Africa’s most populous nation and largest economy, where economic weakness last year curbed consumer […]
Read moreABUJA (Reuters) – Nigeria will work with Bitt Inc as a technical partner in its bid to launch its own cryptocurrency, the “eNaira”, the Central Bank said on Monday. The Central Bank announced plans to launch its own digital currency later this year after Nigeria barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. […]
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(Reuters) -Below are five events and themes likely to dominate global financial markets the coming week.FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo1/ NEW JOB! With almost two million new jobs created in the past two months, Friday’s nonfarm payrolls data for […]
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JAKARTA (Reuters) – Indonesia’s capital Jakarta reopened 600 of its schools on Monday as coronavirus restrictions eased, though a teacher federation urged caution and warned of clusters in classrooms caused by the highly transmissible Delta variant.Slideshow ( 3 images )Jakarta’s infection rate has dropped, authorities said, from a peak last month that saw Indonesia become Asia’s coronavirus epicentre, with more […]
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TOKYO (Reuters) -Moderna Inc’s COVID-19 vaccine contamination woes in Japan have widened with another million doses being temporarily suspended, after foreign substances were found in more batches and two people died here following shots from affected lots.FILE PHOTO: Medical staff prepares Moderna coronavirus disease (COVID-19) vaccine to be administered at the newly-opened mass vaccination centre in Tokyo, Japan, May 24, […]
Read moreFox Business Flash top headlines for August 27 Check out what’s clicking on FoxBusiness.com. U.S. equity futures are searching for direction ahead of the Monday's session on Wall Street. Stocks in this Article On Wall Street Friday, the S&P 500 rose 39.37, or 0.9%, to 4,509.37, topping its prior all-time high set on Wednesday. The Dow Jones Industrial Average climbed […]
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(Reuters) – When 20-year-old Salgy found out last week that she had topped some 200,000 students who took Afghanistan’s university entrance exam this year, she was elated.Salgy, 20, poses for a photo after topping Afghanistan’s university entrance exams, in Kabul, Afghanistan August 26, 2021 in this handout picture obtained by ReutersFor months, she had locked herself away in her room […]
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Monday’s premarket trading session looked an awful lot like a continuation of Friday’s run-up on a couple of stocks that may not be official meme stocks, but are certainly acting like it. The overall markets traded only slightly higher than the Friday close, but we were seeing some big moves. Support.com This one appears to be on a track to […]
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U.S. stock futures rose slightly Monday after the S&P 500 and Nasdaq closed at record highs Friday. The S&P 500 ended above 4,500 for the first time ever. The Dow's rally brought it to within 0.5% of its record close on Aug. 16. Stocks rallied Friday after Fed Chairman Jerome Powell signaled that central bankers are in no rush to […]
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