African Utilities Group Eranove Gains New Key Shareholder
Africa-focused public utilities manager Eranove Group has a new key shareholder after a $200 million investment by a company formed…
Category: Market
Asia-Pacific Markets Advance, With Hong Kong Shares Up Almost 1%
Asia-Pacific markets traded mostly higher on Monday, with indexes in Australia, Hong Kong and the Chinese mainland posting gains. Australia’s…
Stock Futures Are Flat After Dow Closes At Record Friday
Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close Friday following…
European Markets Set To Start The Week On A Negative Note
European stocks are expected to open in negative territory on Monday, bucking more positive sentiment overnight in Asia. London’s FTSE…
Dollar Hits Four-Month High On Euro As Markets Bet On Earlier Fed Taper
The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an…
Oil Slides On China COVID-19 Curbs, Strengthening U.S. Dollar
Oil prices fell nearly 2% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar…
Asia Stocks Spooked By Sudden Slide In Gold
Asian shares wobbled on Monday amid sharp losses in gold and oil prices, while the dollar held near four-month highs…
London Stock Exchange Sales Rise As Refinitiv Integration Motors On
London Stock Exchange Group (LSEG.L) reported a rise in first-half revenue on Friday, flagging progress integrating data giant Refinitiv and rewarding investors…
Stock Market Ends Five-day Rally, Investors Lose N66bn
Investors in the equities market of the Nigerian Exchange Limited lost N65.18bn on Thursday, ending a rally that spanned five…
10-Year Treasury Yield Tops 1.23% Ahead Of Key Jobs Report
The 10-year U.S. Treasury yield topped 1.23% early on Friday, ahead of the Labor Department’s highly anticipated jobs report due…
Huawei Chairman Says The ‘Aim Is To Survive’ As Revenue Slides 30%
The chairman of Huawei said the Chinese technology company’s “aim is to survive” as revenue fell almost 30% in the…
Shares Of Indonesian E-Commerce Company Bukalapak Jump 25% In Stock Market Debut
Shares of Indonesian e-commerce firm Bukalapak jumped nearly 25% in their trading debut Friday — from an initial public offering…
European stocks flat as investors track earnings, Covid-19 and economic data
European markets were muted on Friday morning as investors monitored a fresh round of corporate earnings and the global spread…
Cooling Measures Doing Little To Slow New Zealand’s Housing Boom
Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government’s efforts to rein in the…
Analysis: Private Equity Struggles To Get In On $1 Trillion U.S. Infrastructure Bonanza
Private equity firms are fretting that a long-awaited $1 trillion infrastructure bill under negotiation by U.S. lawmakers will not create enough opportunities…
Asian Shares Fall As Delta Variant Casts Shadow Over Growth
Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of…
The New Forex Ban And Its Short Term Market Reaction
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This announcement was made by…
Nigeria’s Financial System Sound, Stable, Resilient – CBN Governor
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money…
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2%…
Yuan Inches Up, Market Awaits Policy Guidance At Home And Abroad
China’s yuan inched up against the dollar on Thursday, although trade was thin as market participants awaited global policy indications…
Dollar Holds Gains After Hawkish Fed Comments
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal Reserve led…
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Biden To Aim For 50% EVs By 2030 With Industry Support
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment benefits, while…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some…
Tesla Chair Denholm Sells Shares Worth More Than $22 Mln
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options,…
Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair and others
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and saying its Covid-19…
Sterling Steady Above $1.39 Before Bank Of England Meeting
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over the outlook for…
Robinhood Retreats After Monster Rally This Week As Sockholders File To Sell 97.9 Million Shares
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The…
Federal Government Of Nigeria Appoints Eight Transaction Advisers For $6.2bn Eurobonds
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its…