Jeff Bezos Sells $1.1 Billion Amazon Shares With Stock at Record

Businessam StaffNovember 4, 2017

Jeff Bezos sold a million Amazon.com Inc. shares this week for $1.1 billion, according to a U.S. securities filing on Friday. The sale represented 1.3 percent of his holding and leaves Bezos with a 16.4 percent stake in the retailer. The world’s richest man said in April he would sell $1 billion a year in […]

Facebook trades at all-time highs ahead of Wednesday’s earnings

Businessam StaffOctober 30, 2017

Facebook is trading at all-time highs, up 1.28% at $180.68, ahead of the company’s earnings report on Wednesday. Wall Street is the social media giant to earn an adjusted $1.41 per share on revenue of $9.842 billion, according to data from Bloomberg. Of the 47 analysts surveyed by Bloomberg, 43 rate the company a “buy” […]

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

Businessam StaffOctober 30, 2017

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

Businessam StaffOctober 19, 2017

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

Businessam StaffOctober 16, 2017

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

Businessam StaffOctober 6, 2017

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

Businessam StaffSeptember 25, 2017

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 […]