Equities

U.S. stocks rose on Wednesday as expectations of an interest rate cut by the Federal Reserve were lifted following the weakest pace of private sector jobs growth in more than nine years in May. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermid […]

U.S. stocks rose on Tuesday, led by a rebound in the battered technology sector, as Federal Reserve Chair Jerome Powell’s said the central bank would act “as appropriate” to trade war risks, leaving the door open for a possible rate cut. A day after St. Louis Fed chief James Bullard said a rate cut may […]

U.S. stocks slipped on Monday as internet giants Alphabet and Amazon tumbled on regulatory concerns, but hopes that the United States would settle its dispute with Mexico helped limit some losses. Alphabet Inc declined 6.4% after sources told Reuters said the U.S. Justice Department is preparing an investigation of the Google-parent to determine whether the […]

U.S. stocks rose for the first time this week on Thursday, as President Donald Trump said trade talks with China are doing well, offering a glimmer of hope to markets roiled by trade tensions. A senior Chinese diplomat said that provoking trade disputes is “naked economic terrorism”, even as Trump said Beijing wanted to make […]

Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York. The deal, the biggest follow-on share sale in seven years globally, would give Alibaba a war chest […]

Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries. Beijing said Washington needs to correct its “wrong actions” for trade talks to continue after the United States blacklisted Huawei Technology Co […]

U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China. The trade war will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s […]

The Nigerian Stock Exchange (NSE) yesterday delisted the entire share capital of Newrest ASL Nigeria Plc following the company’s application for voluntary exit from the Nigerian bourse. Also, NSE will tomorrow (Wednesday May 15, 2019) place the shares of First Aluminium Nigeria Plc on full suspension preparatory to its delisting.   Newrest ASL Nigeria Plc […]