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Hong Kong, Shanghai rally on China stimulus on mixed day for markets
Hong Kong and Shanghai stocks rallied Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two economy. Hong Kong stocks jumped more than two percent and Shanghai was up around 0.8 percent.
China unveils fresh stimulus to boost economy
China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would cut a slew of rates in a bid to boost growth.
Israeli economy struggles under weight of Gaza war
Nearly a year of war in Gaza has battered Israel's economy, and poverty is now threatening communities including in areas far removed from the fighting against Hamas. Fitch predicted in August that the Gaza war -- already the longest since the war that led to Israel's creation -- could stretch into 2025.
California sues oil giant Exxon over plastic recycling 'myth'
California began legal action Monday against oil giant ExxonMobil over a "decades-long campaign of deception" about plastics recycling that has worsened a global pollution crisis.
Edo election results: How Obaseki contributed to PDP’s Ighodalo’s defeat, Ganduje explains
APC national chairman, Abdullahi Ganduje, has explained how the party used Governor Godwin Obaseki's do-or-die comment to emerge victorious in Edo guber election.
Edo election results: Akpabio mentions what Tinubu will get after APC's victory
Godswill Akpabio, the Senate president, has revealed President Bola Tinubu will get the results sheet after the APC was declared winner of Edo governorship election.
Edo governorship election 2024: List of biggest winners and losers
The curtain has been drawn on the Edo state governorship election 2024: Legit.ng highlights the biggest winners and losers from the widely-followed poll.
UBA, Zenith, GTB, other banks in Nigeria grow assets by 56% to half Nigeria’s GDP
From N2.72trn in 2022 to N3.5trn in 2023, the total value of financial institutions included in the national accounts grew by 28.8% yearly, or 4.6% of GDP.
After Dangote Refinery, foreign investors give condition to sponsor 20 others in Nigeria
Foreign financiers who were expected to contribute to the construction of about twenty modular refineries in Nigeria have withheld their payments.
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