World IMF’s Georgieva Says Lack of Reforms Is Hurting Global Economy February 16, 2020 Ekemini The head of the International Monetary Fund said the lack of deeper improvements in the global economic system is hindering what’s already an “anemic” outlook for growth, especially as the…
World Stocks gain as data shows lower new coronavirus cases February 13, 2020 Ekemini Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases since late January, boosting investor hopes the epidemic will be contained and…
World Brexit may present Nigeria mixed trade opportunities February 12, 2020 Ekemini The recently concluded deal on Britain’s exit of the European Union, popularly called Brexit, may present Nigeria with transaction uncertainty relative to existing modus operandi, as well as an opportunity…
World AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank February 12, 2020 Ekemini World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development worsen the debt burden of Nigeria and other countries. This…
World Trade challenges ahead for the shipping industry February 12, 2020 Ekemini BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community Shipowners’ Associations) is working round the clock in order to offer solutions to…
World Canada invites fresh 3,500 candidates to apply for Permanent Residence February 11, 2020 Ekemini The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent residence in a draw held on the 5th of February, 2020. This was stated…
Technology World Early Facebook investor Peter Thiel cashes in 80% of his remaining stock in the social media giant (FB) February 11, 2020 Ekemini Peter Thiel, an early investor in Facebook , dumped $11 million worth of the social media giant’s stock on February 6, according to regulatory filings . The billionaire sold 53,602…
World 3 Reasons Why the Stock Market is Headed for a Devastating Crash February 10, 2020 Ekemini The Wuhan coronavirus outbreak is getting worse by the day, but thanks to massive central bank intervention, stock markets shrugged off this concern. The money injection from central banks has…
Technology World Tesla surges 9% after reopening its Shanghai factory following coronavirus shutdown (TSLA) February 10, 2020 akintunde Tesla’s Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government assistance to do so, Reuters reported. Shares of the Elon…
Technology World Jeff Bezos Is Selling Because Amazon Stock Is In Serious Trouble February 10, 2020 Ekemini Jeff Bezos has been on an Amazon stock (NASDAQ:AMZN) selling spree. In the last week, he dumped $4 billion worth of shares in the company he founded. (As an aside,…
World IMF moves to replace first Deputy MD, David Lipton February 10, 2020 Ekemini The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has announced that the institution’s first Deputy Managing Director, David Lipton would be stepping down by the end of…
World Credit Suisse chief Tidjane Thiam ousted after spying scandal February 7, 2020 Ekemini The Credit Suisse chief executive, Tidjane Thiam, has been ousted in the wake of a saga involving corporate espionage, an alleged car chase and personal vendettas that has sent shockwaves…
World Warner Music set for US stock market flotation February 7, 2020 Ekemini Warner Music Group, home to a host of stars including Ed Sheeran and Katy Perry, plans to sell shares in the US. Billionaire Sir Len Blavatnik bought the company for…
Business World Elon Musk’s wealth rises by $13bn as Tesla hits stock boom February 6, 2020 Ekemini Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so far this year amid a massive stock boom for his…
World Coronavirus: Ethiopian undertaking all China flights, Nigeria issues advisory February 5, 2020 Ekemini The air travel impact of the raging corona virus is hitting home here in Africa with two major developments from Africa’s biggest airline and the most populous nation. Ethiopian denied…
World How some experts are explaining Tesla’s insane stock February 5, 2020 Ekemini Tesla (TSLA) shares continued their mind-bending rally on Tuesday. After gaining almost 20% on Monday, the stock rallied another 13.73% on Tuesday to close at $887.06 per share. This rally…
World Wall Street recovery continues on China stimulus measures February 5, 2020 Ekemini The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months as fears of a heavy economic impact from the…
World Nasdaq cuts gains as Tesla shares plunge February 5, 2020 Ekemini A plunge in Tesla shares spoiled some of the market’s comeback rally on Wednesday, pushing the Nasdaq Composite well off its session high. The tech-heavy index was up just 0.2%…
Technology World Alphabet shares tumble as Google underwhelms February 5, 2020 Ekemini Alphabet reported quarterly revenue that missed analysts’ estimates on waning search advertising growth, while new sales numbers on YouTube also disappointed Wall Street. The stock fell more than 4% in…
Features World Markets Wrap February 4, 2020 Ekemini U.S. equity futures jumped with European stocks after a brutal sell-off in Chinese equities halted on Tuesday and as investors gauged the latest efforts to contain the deadly coronavirus. Commodities…
World Dow Futures Spike 165 Points Despite Dangerous Warning from Bond Markets February 4, 2020 Ekemini Dow futures rally triple-digits overnight, as U.S. stocks appear poised to extend Monday’s gains. The rally shrugs off a frightful, albeit partial, yield-curve inversion last week. The spread of coronavirus…
World Exxon Mobil Stock Could Bottom Out in 2020 February 4, 2020 Ekemini Dow component Exxon Mobil Corporation (XOM) sold off to a nine-year low on Friday after missing modest fourth quarter 2019 earnings per share (EPS) expectations by $0.04, marking the sixth…
World Virus fears wipe $393bn off China’s stock market despite government support moves February 4, 2020 Ekemini Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on…
Business World Coca-Cola Stock Hits All-Time High After Strong Quarter February 4, 2020 Ekemini Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant filed a solid fourth quarter 2019 report that exceeded conservative…
Technology World Tesla Stock Soars by More Than $100 February 4, 2020 Ekemini Tesla’s stock surged on Monday on news that lifted already-rosy investor sentiment for the electric-car manufacturer. The company’s share price topped out at $786 — a record — just after…
World UK productivity slowdown worst since Industrial Revolution – study February 3, 2020 Ekemini The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial Revolution 250 years ago, a dismal track record that is holding…
World Chinese shares drop nearly 9% amid fears of coronavirus impact February 3, 2020 Ekemini Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued fears about the impact on the global economy of the…
World UK-AIS 27 Commercial Deals Worth Over 6.5bn Pounds January 31, 2020 Ekemini We are announcing 27 deals worth over 6.5bn pounds from across the African markets invited to this Summit and we are aware of further UK commercial investment into Africa that…
World Amazon returns to trillion-dollar market-cap club as shares soar 8% January 31, 2020 Ekemini Amazon (AMZN) handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and pushing shares above $2,000 apiece. The company’s market capitalization jumped back above $1 trillion, joining the…
World S&P 500 poised to turn negative for the year as losses hold January 31, 2020 Ekemini The S&P 500 was on track to close in negative territory on the year during Friday’s session. Each of the three major indices was off more than 1% as rising…
