Dow Futures Jump 120 Points After Inflation Report Is Not As Bad As Feared
U.S. stock index futures rose on Wednesday after inflation jumped, but not by quite as much as investors feared when…
Category: Market
As Gas Prices Rise, White House Says OPEC Action Is ‘Simply Not Enough,’ Calls For Federal Trade Commission Scrutiny
The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing…
Treasury Yields Climb Ahead Of Consumer Price Index Inflation Data
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation…
Analysis-Investors Look Under The Radar For Winners From U.S. Infrastructure Bill
Investors are ramping up the search for stocks that could benefit from a potential splurge in infrastructure spending, as a…
Dutch Bank ABN Amro’s Q2 Net Profit Beats As Economy Recovers
Dutch bank ABN Amro reported on Wednesday a better-than-expected net profit of 393 million euros ($460.48 million)for the second quarter,…
Nigeria Experienced Increase In Export Of Manufactured Goods, Employment And Productivity In July – Report
The Stanbic IBTC Bank Nigeria’s Purchasing Manager Index (PMI) report has stated that the export of Nigerian manufactured goods, employment…
Exclusive: Exxon Launches U.S. Shale Gas Sale To Kick-Start Stalled Divestitures
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise…
Stocks Are Little Changed After Democrats Release Budget Proposal
Democrats unveiled their $3.5 trillion budget proposal on Monday, calling for significant spending increases for social programs and climate policy.…
Equities Market Commences Week On Negative Note, Drops By N126.86bn
The Nigerian equities market commenced this week on a bearish note, as investors profit-taking in mid-high capitalised companies down the…
Worry As Insecurity, Uncertainty Trigger N116b Outflow From NGX
…Investors seek initiatives to reverse weak macro-economic scenario With the N116.7b pulled from the nation’s stock market from the month…
China’s Covid Lockdown Could Have Economic Costs To The World, Says Strategist
China has tightened Covid-19 measures to combat an uptick in daily cases — a move that could hold back the…
British Asset Manager Abrdn Reports Surge In Profits
Asset manager abrdn’s (ABDN.L) earnings jumped over 77% in the first half of 2021, its first set of results since a rebranding…
Japan’s SoftBank Reports 39% Fall In Q1 Net Profit
Japan’s SoftBank Group Corp (9984.T) on Tuesday reported a 39% fall in first-quarter net profit, even as Vision Fund returns were boosted…
Dollar Buoyed As Healthy U.S. Jobs Fuel Fed Taper Talk
The dollar was buoyant on Tuesday, pushing the euro to a four-month low, as a run of strong U.S. job…
Ireland Stares Down Major Changes To Its Tax System
As the OECD’s deadline for finalizing major reforms to the global tax system draws near, the Irish government recently opened…
Oil Recovers After Hitting Three-Week Low Amid Surging COVID-19 Cases
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to…
Treasury Yields Little Changed Ahead Of Inflation Data, Infrastructure Vote
United State Treasury yields were little changed early on Tuesday, as investors digested jobs data and comments from Federal Reserve…
Asian Stocks On Backfoot As Concern Over Delta Variant Saps Confidence
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as…
Sterling Slips As Currency Markets Weigh Up Tapering Timelines
The pound slipped slightly in early trading on Monday, but was still close to its strongest versus the euro since…
Customs To MDAs: Only Items Imported By President Are Exempted From Taxes
Timi Bomodi, NCS deputy national public relations officer, said this in a statement on Friday. Bomodi said this while raising…
Nigeria Still Imports Dirty Fuel Four Years After Ban
Nigeria is still importing petroleum products with high sulphur content as the ban imposed on the importation of such fuels…
CBN Charges Bank Customers On Their Rights, Privileges
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and privileges at all…
NEPZA, Delta Move To Revive Koko Port FTZ
The Nigeria Export Processing Zones Authority on Sunday disclosed that discussions were ongoing with the Delta State Government to revamp…
Stocks Making The Biggest Moves In The Premarket: Sanderson Farms, U.S. Foods, Tyson Foods And More
Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by…
Treasury Yields Start The Week Higher With Job Openings And Inflation Data In Focus
Treasury yields rose early on Monday, with investors focusing on job openings data set to come out later in the…
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…
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…