European Stocks Muted As Markets Monitor Key Economic Data
European markets were fractionally lower on Friday morning as investors awaited key economic indicators out of the euro zone and…
Category: Market
China’s Stock Trading Volume Surges Above 1 Trillion Yuan For Weeks As Other Investment Options Dry Up
Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under…
Emerging Markets-Peso, Baht Lead Asia FX Declines, Indian Rupee Gains Ahead Of U.S. Jobs Data
Asian currencies were largely mixed on Thursday, with the Philippine peso and the Thai baht leading declines as rising coronavirus…
Sterling Driven Higher By Dollar Weakness, Still Stuck Below $1.38
Sterling edged higher on Thursday, driven by dollar weakness after disappointing U.S. labour data, while traders waited for the fuller…
Naira Trades At N528/$1 In Streets Despite Oil Price Uptick Ahead OPEC+ Meeting
The Nigerian Naira has slumped to an all-time low of N528 to the dollar in street trading as pressure continues…
OPEC+ Sticks With Planned Supply Hike As Oil Demand Improves
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video…
France Fines U.S. Bank JP Morgan $29.6 Mln In Tax Fraud Settlement
U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in a settlement of a tax…
President Xi Says China To Set Up Stock Exchange In Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital,…
Stock Futures Are Muted as September Gets Off To a Slow Start
U.S. stock futures were little changed early Thursday morning after the S&P 500 finished the first trading session of the…
European Markets Lackluster As Markets Gear Up For U.S. Jobs Data; Swedish Orphan Biovitrum Up 24%
European stocks edged higher on Thursday morning as investors geared up for the next reading of U.S. nonfarm payrolls which…
S&P 500 Closes Flat On First Day Of September, Nasdaq Ekes Out A Record Close
The S&P 500 closed the first trading day of September near the flatline as the strength in technology shares faded,…
Shares In Asia-Pacific Mixed; Australia Records Higher-Than-Expected Trade Surplus In July
Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus in July. The S&P/ASX 200…
Nigeria: NNDC’ll Pay Shareholders Dividend, Says Chairman
The Chairman, Board of Directors of New Nigeria Development Company Limited, Tanimu Yakubu, has said the company’s shareholders will receive…
Virgin Galactic ‘Could Really Take Off’ If It Breaks Above This Level, Trader Says As Space Stock Gets Analyst Love
Virgin Galactic could be setting up for a sustained move higher. Jefferies initiated coverage of the space travel stock with…
Stocks Making The Biggest Moves Midday: Uber, Apple, Wells Fargo And More
Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on the top and bottom lines for…
New Law Stokes Tension In Nigeria’s Blighted Oil Delta
Local communities in Nigeria’s Delta Region have spent years waiting for lawsuits against foreign oil companies for environmental damages. Tensions…
Dollar Weakens After ADP Miss, Euro Hits Fresh One-Month High
The dollar fell against a basket of major currencies on Wednesday after a report on the U.S. labor market fell…
Dangote Refinery Complex In Nigeria Set To Cost $19 Billion
A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will…
External Reserves Gain $500m In One Week, Near $34bn
Nigeria’s external reserves rose by $500m in one week to the highest point in more than two months, according to…
Uniform Men Extorting Importers At Ports, Says NPA Boss
The Acting Managing Director, Nigeria Port Authority (NPA), Mohammed Bello-Koko, on Tuesday accused Naval personnel and Police officers in Lagos…
‘$3.35b SDR To Bring Forex Market Under Control’
EFG Hermes, financial services corporation in frontier emerging markets, says the release of the $3.35 billion Special Drawing Rights (SDRs)…
CBN Announces New Appointments
The Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the Director, Corporate Communications Department,…
Yuan Edges Down After Weak Factory Activity, Awaits More Cues
China’s yuan softened against the U.S. dollar on Wednesday, after signs of slowdown in factory activity and on expectations of…
Online Dating Company ParshipMeet Prepares For IPO In 2022
Rivals such as Bumble and Tinder-owner Match Grouping trade at about 50 times their expected core earnings. That means ParshipMeet could be valued at more than 4 billion euros in the IPO, people close to the matter said.
Nigerian Banks Ask Customers To Return Unutilised Dollars Within 2 Weeks
Nigerian banks have asked customers to return unutilised dollars within two weeks from the day of purchase, in response to…
Oil Price Firms Before OPEC+ Policy Meeting
Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is expected to stick to a…
Dutch E-bike Maker Van Moof Raises $128 Million To Expand
Dutch electric bicycle maker Van Moof on Wednesday said it has raised $128 million to expand production and speed its…
China To Step Up Financing Support For Small Firms
China will boost financing support for small firms by increasing annual relending quotas by 300 billion yuan ($46.39 billion), the…
OPEC, Other Meet To Decide On Production Increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide whether to press…
Asia stocks mixed; private survey shows Chinese factory activity shrinking in August
Shares in Asia-Pacific were mixed on Wednesday, as a private survey showed shrinking Chinese factory activity in August. Mainland Chinese…