businesspick

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed. Earlier this…

The Nigeria Customs Service (NCS), says it has generated N1.293 trillion in the first six months of 2022 into the Federation Account. The NCS Public Relations Officer, Deputy Comptroller Timi…

The Auditor-General of the Federation (AuGF), says recent redeployment of staff in the office is to promote efficiency and accountability. Eme Oqua, Head of Press, OAuGF said in a statement.…

The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several complaints of…

Five major Chinese companies including two of the country’s largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday. Sinopec and PetroChina…

Johnson & Johnson (JNJ.N) will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product…

Egypt’s cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday.…

Russia is considering buying the currencies of “friendly” countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars…

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23…

The European Union said on Thursday it was “deeply concerned” about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign…