Economy
Swiss central bank cuts rate again amid strong franc worries
Switzerland's central bank on Thursday cut its key interest rate by a quarter percentage point for the third time this year, citing the strong Swiss franc and lower inflationary pressure.
Germany's BASF to focus on 'core units' in major overhaul
German chemicals giant BASF said Thursday it would focus on cost cutting and strengthening its "core businesses" in the years ahead as it unveiled details of a major overhaul. In the coming years, BASF "will focus on strengthening and profitably growing its core businesses", which it defined as the chemicals, materials, industrial solutions and nutrition segments.
China admits economy facing new 'problems', vows to fix property sector
Chinese President Xi Jinping and other top leaders admitted Thursday that the world's number two economy was facing new "problems" and vowed to resolve a long-running crisis in the housing sector.
CBN announces new dollar exchange rate for importers to clear goods
The Central Bank of Nigeria has made adjustments to the dollar exchange rate used for cargo clearances at Nigeria's ports as the naira free fall continues.
New fuel pump price: Transport companies adjust fares
The National Bureau of Statistics (NBS) has revealed that the cost of transportation across the country has decreased despite rise in petrol pump price.
CBN adjusts FX for banks, currency traders, others as naira sets new records in official window
The Nigerian currency, the naira has plummeted to an all-time low in the official market and a seven-month low in the parallel market on September 25, 2024.
Hong Kong cheongsam master in the mood to retire after 75 years
Bent over a magenta chiffon fabric, an elderly Hong Kong tailor wearing thick glasses meticulously stitched on embroidered butterflies, working to transform the shimmering material into an elegant, high-collared Chinese dress known as a cheongsam. Its high-neck collars, knee-length slits and streamlined fits evoked a sense of city glamour, and by the 1960s the dress was everywhere in Hong Kong.
After $20 billion refinery, Dangote gets FG’s approval for another mega project, shares location
The Nigerian government has approved Dangote Industries Limited to begin building a multibillion-naira road project, linking Lekki Deep Sea Port to Shagamu.
Asian markets boosted by tech rally, traders eye US inflation
Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron. Tech shares have been the main driver of a surge in global markets this year -- pushing several to record highs -- as demand for all things AI heats up.
Economy
Load more