European shares hit highest since August on Credit Suisse, SAP
Businessam StaffApril 24, 2019
World shares pared back losses on Wednesday as positive earnings in Europe from Credit Suisse and investor support for SAP helped soothe worries that China has put broader stimulus on hold. European shares crept into positive territory, with the pan-regional STOXX 600 index edging up 0.1 percent to reach its highest level since Aug. 1. […]
SAHCOL becomes first BPE-packaged company to finalise IPO on NSE
Adesola AfolabiApril 23, 2019
…adds N6.3bn to market cap Skyway Aviation Handling Company (SAHCO) Plc., Tuesday became the first company under the Bureau of Public Enterprise (BPE) privatization programme to successfully finalize an Initial Public Offering (IPO) as its shares were officially listed on the Mainboard of The Nigerian Stock Exchange (NSE). According to Oscar Onyema, the CEO […]
U.S. Stock Futures Decline in Holiday-Hit Trading: Markets Wrap
Businessam StaffApril 22, 2019
U.S. equity-index futures slipped while stocks in Asia were mixed as the Easter holiday weekend shut down trading in much of Europe. Oil jumped after the White House said it will scrap waivers that allow the purchase of some Iranian crude. Contracts on the S&P 500 Index, Dow Jones Industrial and Nasdaq indexes all pointed […]
U.S. stocks rise on earnings, China data optimism
Businessam StaffApril 17, 2019
U.S. stocks continued to march toward records as the latest batch of corporate earnings and data from China boosted optimism in the global economy. Bonds fell and the dollar edged lower. The S&P 500 pushed to a fresh six-month high, while the Nasdaq 100 topped its intraday record. Morgan Stanley and PepsiCo. Inc. rose after […]
U.S. stocks rise on earnings
Businessam StaffApril 16, 2019
U.S. stocks rose toward all-time highs as strong earnings bolstered sentiment and global central banks continued to signal dovish policies will remain in place. The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. The S&P 500 climbed to a six-month high and within 0.6 percent of its September record. UnitedHealth Group Inc. […]
Financials drag on Wall Street as bank results underwhelm
Businessam StaffApril 15, 2019
Wall Street edged lower on Monday, weighed down by financials as lackluster bank earnings put a damper on investor enthusiasm. But while all three major U.S. stock indexes were down, the S&P 500 remained within a percent of its all-time high. Following a first-quarter rally that marked the best quarterly performance for U.S. stocks in […]
Wall Street lower as growth worries resurface
Busineessam StaffApril 9, 2019
U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF’s downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes. Trade-sensitive industrial stocks were among the worst hit, dropping 1.15%, followed by losses in energy, materials and financial shares. Boeing […]
European shares dip, banks and Boeing suppliers in focus
Businessam StaffApril 8, 2019
Most European stocks slid on Monday amid losses across most sectors, with German bank and real estate shares drawing investor attention as did European suppliers of U.S. planemaker Boeing following a production cut announced late on Friday. The pan-region STOXX 600 index fell 0.2 percent, further distancing itself from a near eight-month peak hit […]
Boeing’s 737 production cut hits its shares and those of suppliers
Businessam StaffApril 8, 2019
Boeing’s decision to cut production of its 737 aircraft hit the shares of its suppliers on Monday, while its own shares were lower in U.S. pre-market trading. Boeing Co said late on Friday it planned to cut its monthly 737 aircraft production by nearly 20 percent after two deadly crashes, signaling it does not expect […]
Wall Street inches higher on Facebook, Boeing bounce; trade talks in focus
Businessam StaffApril 4, 2019
U.S. stocks inched higher on Thursday driven by Facebook Inc and Boeing Co, adding to gains following a strong start to the quarter, while investors kept a close watch on U.S.-China trade talks. Negotiations continued in Washington after meetings last week in Beijing, as the two countries worked toward resolving their long-standing trade dispute which […]