Wall St higher as oil, defense stocks gain
Businessam Staff
May 22, 2017
Wall Street gained in early trading on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia. Oil prices were up about 0.6 percent, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions that […]
U.S. stocks slump, bonds rally amid Trump turmoil: Markets wrap
Businessam StaffMay 17, 2017
Risk off sentiment grips markets with Washington on edge Stocks fall as volatility indexes, bonds gain; oil rises Assessing President Trump’s Fallout on the Markets The turmoil engulfing President Donald Trump’s administration spilled into financial markets as U.S. stocks fell the most since March, measures of volatility spiked higher and Treasuries rallied with gold. The […]
Aiteo strengthens group with appointment of international advisor
Businessam StaffMay 16, 2017
Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the Group’s growth and diversification targets in Nigeria and across Africa as a whole Aiteo Group has announced the appointment of Ratko M. Knezevic as Group Advisor on Business and Capital Development with effect from 5 May […]
Vodafone sells $2.6 billion Safaricom stake to S.African unit
Businessam StaffMay 15, 2017
Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business […]