IMF’s Georgieva Says Lack of Reforms Is Hurting Global Economy
The head of the International Monetary Fund said the lack of deeper improvements in the global economic system is hindering…
Category: World
Stocks gain as data shows lower new coronavirus cases
Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases since late…
Brexit may present Nigeria mixed trade opportunities
The recently concluded deal on Britain’s exit of the European Union, popularly called Brexit, may present Nigeria with transaction uncertainty…
AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development…
Trade challenges ahead for the shipping industry
BREXIT, IMO 2020 and the Coronavirus are plaguing the shipping industry of late and ECSA (European Community Shipowners’ Associations) is…
Canada invites fresh 3,500 candidates to apply for Permanent Residence
The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent residence in a draw…
Early Facebook investor Peter Thiel cashes in 80% of his remaining stock in the social media giant (FB)
Peter Thiel, an early investor in Facebook , dumped $11 million worth of the social media giant’s stock on February…
3 Reasons Why the Stock Market is Headed for a Devastating Crash
The Wuhan coronavirus outbreak is getting worse by the day, but thanks to massive central bank intervention, stock markets shrugged…
Tesla surges 9% after reopening its Shanghai factory following coronavirus shutdown (TSLA)
Tesla’s Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government…
Jeff Bezos Is Selling Because Amazon Stock Is In Serious Trouble
Jeff Bezos has been on an Amazon stock (NASDAQ:AMZN) selling spree. In the last week, he dumped $4 billion worth…
IMF moves to replace first Deputy MD, David Lipton
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has announced that the institution’s first Deputy Managing Director,…
Credit Suisse chief Tidjane Thiam ousted after spying scandal
The Credit Suisse chief executive, Tidjane Thiam, has been ousted in the wake of a saga involving corporate espionage, an…
Warner Music set for US stock market flotation
Warner Music Group, home to a host of stars including Ed Sheeran and Katy Perry, plans to sell shares in…
Elon Musk’s wealth rises by $13bn as Tesla hits stock boom
Elon Musk is charging up his fortune. The Tesla chief’s net worth has grown more than any other billionaire’s so…
Coronavirus: Ethiopian undertaking all China flights, Nigeria issues advisory
The air travel impact of the raging corona virus is hitting home here in Africa with two major developments from…
How some experts are explaining Tesla’s insane stock
Tesla (TSLA) shares continued their mind-bending rally on Tuesday. After gaining almost 20% on Monday, the stock rallied another 13.73%…
Wall Street recovery continues on China stimulus measures
The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six…
Nasdaq cuts gains as Tesla shares plunge
A plunge in Tesla shares spoiled some of the market’s comeback rally on Wednesday, pushing the Nasdaq Composite well off…
Alphabet shares tumble as Google underwhelms
Alphabet reported quarterly revenue that missed analysts’ estimates on waning search advertising growth, while new sales numbers on YouTube also…
Markets Wrap
U.S. equity futures jumped with European stocks after a brutal sell-off in Chinese equities halted on Tuesday and as investors…
Dow Futures Spike 165 Points Despite Dangerous Warning from Bond Markets
Dow futures rally triple-digits overnight, as U.S. stocks appear poised to extend Monday’s gains. The rally shrugs off a frightful,…
Exxon Mobil Stock Could Bottom Out in 2020
Dow component Exxon Mobil Corporation (XOM) sold off to a nine-year low on Friday after missing modest fourth quarter 2019…
Virus fears wipe $393bn off China’s stock market despite government support moves
Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about…
Coca-Cola Stock Hits All-Time High After Strong Quarter
Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant…
Tesla Stock Soars by More Than $100
Tesla’s stock surged on Monday on news that lifted already-rosy investor sentiment for the electric-car manufacturer. The company’s share price…
UK productivity slowdown worst since Industrial Revolution – study
The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial Revolution…
Chinese shares drop nearly 9% amid fears of coronavirus impact
Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued…
UK-AIS 27 Commercial Deals Worth Over 6.5bn Pounds
We are announcing 27 deals worth over 6.5bn pounds from across the African markets invited to this Summit and we…
Amazon returns to trillion-dollar market-cap club as shares soar 8%
Amazon (AMZN) handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and pushing shares above $2,000 apiece. The…
S&P 500 poised to turn negative for the year as losses hold
The S&P 500 was on track to close in negative territory on the year during Friday’s session. Each of the…