finance news News
Latest articles and news about finance news on AXL Media.
Latest Articles
- Dangote Cement Reports Explosive Q1 2026 Growth as Pretax Profit Surges 35% to ₦421.1bn
Published: Apr 30, 2026
Section: Africa
Dangote Cement Plc has announced a stellar financial performance for the first quarter of 2026, with revenue climbing to ₦1.19 trillion. Driven by a significant increase in sales v...
- Reserve Bank of New Zealand to End Voting Anonymity in Major Transparency Overhaul
Published: Apr 30, 2026
Section: Banking & Finance
In a significant departure from historical precedent, the Reserve Bank of New Zealand (RBNZ) will begin disclosing how individual members of its Monetary Policy Committee (MPC) vot...
- Major U.S. Banks Anticipate Steady Revenue Growth Amid Rising Interest Margin Pressures in Early 2026
Published: Apr 12, 2026
Section: Banking & Finance
The leading four U.S. banking institutions are entering the first quarter of 2026 with financial momentum supported by resilient economic activity and a recovery in investment bank...
- Department of Labor Proposes Regulatory Overhaul to Allow Digital Assets Within Ten Trillion Dollar US Retirement Market
Published: Apr 9, 2026
Section: FinTech Business
The U.S. Department of Labor has introduced a proposal to integrate alternative assets, including cryptocurrency, into 401(k) retirement plans. Following an executive order aimed a...
- American Personal Loan Debt Hits Record $598 Billion as Consumers Bypass Credit Cards for Lower Rates
Published: Apr 4, 2026
Section: US & Canada
A record 38% of Americans now hold personal loans as total balances surged 7.6% over the last year to nearly $598 billion. Data from Experian indicates that borrowers are increasin...
- Jakarta Finalizes Aggressive Market Reforms to Avert MSCI Downgrade Following $120 Billion Equity Selloff
Published: Apr 2, 2026
Section: Asia
Indonesia has completed a series of urgent stock market reforms aimed at increasing transparency and liquidity before a critical MSCI index review in May. The regulatory overhaul f...
- NAICOM Rules Out Recapitalization Extension, Citing Statutory Mandate Under 2025 Insurance Reform Act
Published: Mar 24, 2026
Section: Africa
The National Insurance Commission (NAICOM) has firmly dismissed the possibility of extending the July 30, 2026, recapitalization deadline. Commissioner for Insurance Olusegun Omose...
- Secretary to the Government of the Federation Inaugurates New National Pension Commission Board Demanding Absolute Transparency and Accountability
Published: Mar 23, 2026
Section: Africa
Senator George Akume, the Secretary to the Government of the Federation, has formally inaugurated the new Board of the National Pension Commission in Abuja. The SGF mandated the ne...
- ECB Maintains 2% Rate Amid Geopolitical Turmoil and Rising Energy Costs
Published: Mar 19, 2026
Section: Markets
The European Central Bank (ECB) kept its key deposit rate steady at 2% on Thursday, but issued a significant warning that the escalating conflict in Iran is re-igniting inflation f...
- Almaz Baketaev Appointed Chairman of the National Bank of Kyrgyzstan Following Parliamentary Confirmation
Published: Mar 18, 2026
Section: Asia
The Parliament of Kyrgyzstan has officially elected Almaz Baketaev as the new Chairman of the National Bank. The decision, supported by a significant majority of MPs on March 18, 2...
- DraftKings to Launch Unified Super App Integrating Prediction Markets with Sportsbook and Casino Segments
Published: Mar 7, 2026
Section: Online Gambling
DraftKings CEO Jason Robins announced the upcoming launch of a "super app" designed to merge the company’s sportsbook and casino products with its new prediction markets division....
- CBN Confirms 30 Banks Have Met New Capital Requirements Ahead of March 31 Deadline
Published: Mar 7, 2026
Section: Africa
The Central Bank of Nigeria (CBN) announced on March 7, 2026, that 30 banks have successfully complied with the new minimum capital requirements. With the final recapitalization de...