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Once again – ahead of the G-20 meetings – China’s currency mysteriously abated its incessant plunge suggesting ‘stability’. As Bloomberg notes, history shows that the Chinese currency usually strengthens ahead of major political or economic events, such as President Xi Jinping’s state visits to the U.S. and the Boao Forum. The People’s Bank of China […]Read More

Meet Donna Brazile – interim party chair after Debbie Wasserman Schultz (DWS) resignation over Wikileaks-email-leaked proof confirming months of accusations that she had put her thumb on the scales in favor of presumptive nominee Hillary Clinton… The only problem is… a quick search of Wikileaks leaked DNC email database shows… Brazile is exactly the same […]

Update 1: “A man, according to our current knowledge the perpetrator, died” in the blast they said in the short statement. Further details weren’t immediately available and they did not pick up their telephone lines. *  *  * As we detailed earlier, capping an awful week for Germany (and France), an explosion in the city […]

The last time AOL (bought by Verizon in May 2015) was involved in a mega merger was January 2000, when AOL acquired Time Warner for $182 billion in what was the mega deal of the last tech bubble, creating a $350 billion behemoth… which nearly dragged down both companies a few years later. The timing […]

After the close Friday, Nintendo admitted that the earnings impact from the newly-released ‘Pokemon Go’ game would be limited (and that it has no plans to adjust its forecasts). This has sent Nintendo shares down over 16% today, following last Wednesday’s 12% collapse.  Nintendo has given up half its panic-buying gains of last week… Today’s […]Read More

Submitted by Piper McGowan via The Daily Sheeple, For years now, residents of Sonora, California have been hearing a window-shaking loud and so far officially unexplained BOOM! that always happens between 11 a.m. and 2 p.m. daily. Inquisitr reports that the explanation floating around Sonora from a local geologist/teacher is that an Army Depot in […]

With the yen strengthening ~12% against the US dollar and the Nikkei down ~10% YTD, it seems Haruhiko “Peter Pan” Kuroda is having a difficult time working his magic in favor of Abenomics. As the WSJ reports, Kuroda is under increasing pressure from the Prime Minister’s advisers to coordinate efforts to jumpstart the economy. Earlier […]

Commentary The DMO sold Treasury Bills at elevated yields, 364-day paper priced at 16.46% The Naira weakened to the N300 level against the Dollar, settling at N307.98/$ Inflation surged to 16.5% its highest level since 2005 Seeing declines in all 5-session, Nigerian stocks have again retreated into the negative territory YtD. The market benchmark ended […]

For the Israelites wandered in the wilderness 40 years… because they did not obey…. In several columns on Nairametrics over the last one year, I argued that President Muhammadu Buhari’s no retreat no surrender mantra on the naira at N199/$ was digging us into a big hole. After holding out for 12months, the rapidly deteriorating economic environment (surging […]Read More

A refugee from Syria has killed a woman and injured two others with a cleaver attack near Stuttgart, Germany. German tabloid Bild reports that a man attacked a woman of Polish descent, believed to be pregnant, at a restaurant in the city center with the weapon. German newspaper Stuttgarter-Zeitung reports that “a 21-year-old asylum seeker […]

…Internet Penetration now 46% (86mn Users) Spokespersons of security and response agencies in Nigeria have been urged to ensure that they register and renew their membership of Nigerian Institute of Public Relations (NIPR) before they could practice as PR practitioners in the country. The immediate past Director Defence Information (DDI), Major General Chris Olukolade (Rtd) […]

Nigeria’s president, Muhammadu Buhari, on Saturday, July 23, 2016, vowed that the killers of the Ekiti-State-born preacher with the Redeemed Christian Church of God, Eunice Elisha Olawale, will not go unpunished. President Buhari, who was represented by the secretary to the Government of the Federation, Babachir David Lawal, made the promise during the burial service […]