Economy
Currency in circulation hits all-time High, returns to pre-naira redesign periods
Currency in circulation in Nigeria as of October 2023 hit N2.299 trillion, the highest in 2023, as experts believe it has reverted to the pre-naira redesign era.
Markets dip as Fed minutes suggest rates to stay higher for longer
Asian markets drifted Wednesday as traders tracked a tepid lead from Wall Street following meeting minutes showing Federal Reserve officials were inclined to keep interest rates elevated for "some time" in order to slay inflation.
Deal deluge: Black Friday kicks off US holiday shopping season
Once again, US retailers are gearing up for "Black Friday," the annual shopping extravaganza that kicks off the holiday gift-giving season with price discounts and chaotic crowds. While the actual Black Friday period remains crucial, stores have actually been offering deals for weeks marketing Black Friday sales earlier and earlier in October.
Binance to pay billions in US in money laundering case, CEO resigns
Binance chief executive Changpeng Zhao pleaded guilty Tuesday to US money laundering charges, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties.
US Fed expects interest rates to stay high 'for some time': minutes
All members of the US Federal Reserve's powerful rate-setting committee judged earlier this month that it would be appropriate to keep interest rates high "for some time" in order to tackle inflation, minutes of the meeting released Tuesday show.
Hundreds of thousands of civil servants go on strike in Quebec
Several hundred thousand school, hospital and social services workers in Canada's Quebec province walked off their jobs Tuesday for the first day of what is billed as a historic strike to demand better pay and working conditions.
Argentina's Milei may find an unexpected friend in the IMF
What will the relationship be like between Javier Milei, Argentina's new self-described "anarcho-capitalist" president, and the IMF, with which the Latin American country has an ongoing $44 billion loan agreement?
Argentine markets react with optimism to Milei election
Argentina's stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described "anarcho-capitalist" will bring.
Home sales in US slow in October to fresh 13-year low
Sales of existing homes in the United States slipped more than anticipated in October to a new 13-year low, according to industry data released Tuesday, on stubbornly low inventory and high mortgage rates. "While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October," he said.
Economy
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