The biggest stock collapse in world history has no end in sight

It’s going to take more than the biggest stock slump in world history to convince analysts that PetroChina Co. has finally hit bottom. Ten years after PetroChina peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $800 billion of market value — a sum large enough to buy every listed company in […]

Asia stocks edge up, await China GDP, dollar rises as yields spike

Capital importation,Market Rates

Asian stocks inched up to near decade highs Thursday continuing to ride on a global equities rally while the dollar resumed its rise on the back of a spike in U.S. yields. Trade was cautious, however, as investors waited for third-quarter economic growth data from China at 0200 GMT which is expected to show its […]

China data boosts world stocks, commodities as oil jumps

World stocks and commodities rose Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Asian shares rallied to a decade-high after figures showed China’s producer prices beat market expectations to rise 6.9 percent in September from […]

Nigerian stocks end week positive as benchmark index advanced 2.49% w-o-w

Nigerian equities Friday appreciated 1.53 percent to close benchmark index at 36,320.93 points as against 35,439.98 points closed last week. Thus Friday’s performance further lift the bourse’s index by 2.49 percent week-on-week Market capitalization at the close of trading was N12.502 trillion, just as 367.07 million units were traded in 3,773 deals, while value of stocks traded came to N3.74 trillion […]

Equity traders act like there’s little risk left in Europe

All’s quiet on the European front, if stock traders are to be believed. With Germany’s election — the fourth major one in the region this year — now out of the way, equity trading is the quietest since 2000 and a gauge of volatility hovering near a record low. Sentiment has been supported by steady economic […]

Capitec overtakes Nedbank to become 4th largest by market value in SA

Capitec Bank Holdings Ltd. passed Nedbank Group Ltd. as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock. The shares of Stellenbosch, South Africa-based Capitec rose 2 percent in Johannesburg on Thursday to close at 891.03 rand, giving it a market capitalization of 103 billion […]

Emerging markets main engine of global growth, says Jinping of China

President Xi Jinping of China has described emerging economies as the “main engine of global growth”, as economic indicators portrayed an economy making strong progress ahead of a crucial Communist party congress next month. Xi told fellow world leaders that emerging markets must “jointly seize the historical opportunity arising from the adjustment of world economic […]