Fidelity Bank Empowering Nigerian Businesses and Facilitating Global Trade Connections
Fidelity Bank’s FITCC Houston is set to ignite the global trade scene and empower Nigerian businesses. With a focus on promoting export trade and facilitating partnerships, this event promises to be a game-changer for entrepreneurs and industry leaders. FITCC Houston opens doors to new horizons and positions Nigerian businesses on the international map by providing a platform for collaboration, investment opportunities, and market access. Take advantage of this exceptional opportunity to expand your business, network with industry experts, and showcase your innovations to a global audience. The countdown to FITCC Houston has begun, and the stage is set for Nigerian businesses to shine on the world stage.
EXCLUSIVE Trafigura set to take zinc out of LME system, fuelling concern -sources
Commodity trader Trafigura and other firms are moving to take large amounts of zinc out of London Metal Exchange approved warehouses in Asia, sources familiar with the matter said, fuelling concern about more problems at the exchange after chaotic nickel trading last month.
Erdogan declares that Turkey will open 1,000 new markets in order to combat high inflation!
On Sunday, Tayyip Erdogan, president of Turkey has ordered agricultural cooperatives to open about 1,000 new markets across the country to provide “suitable” prices for consumer goods. Construction is to start quickly on the shops to provide Turks “cheap and high-quality goods” and to “balance out markets”, he said, after consumer price rises to levels […]
The Rising Demand for Coal raises stakes of the Thermal Coal Commodity by 106% !
Soaring electricity demand, infrastructural issues, and a rise in worldwide gas costs have sparked an unusual rally for the world’s least popular commodity. According to the latest weekly assessment by commodities price supplier Argus, Australian thermal coal at Newcastle Port, the benchmark for the enormous Asian market, has risen 106 % this year to more […]
Regulators tell Biden US financial system in good shape-White House
Financial regulators assured President Joe Biden on Monday that the U.S. financial system is in good shape and that financial risks are being mitigated by strong liquidity in the banking system, the White House said.
Global money market funds lure massive inflows in the week to June 2-Lipper
Global money market funds attracted heavy investment flows in the week to June 2, as investors were cautious about the likelihood of global central banks tapering their monetary stimulus policies amid a rise in inflation levels.
Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears
The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the U.S. economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.
Stocks loiter around peaks as traders wait for data
Stocks chopped around record peaks on Tuesday, while the dollar was pinned near recent lows, as markets awaited U.S. jobs data and looked ahead to crucial central bank meetings in Europe and United States for guidance on the interest rates outlook.
S.Korea’s inflation hits 9-year high as commodity prices jump
South Korea’s consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though the increase was mainly due to a low base effect and rises in oil and agricultural prices.
EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources
China’s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices.
