U.S. stocks drop on trade, regulatory concerns
Businessam Staff
September 24, 2019
U.S. stocks fell after comments from president Donald Trump dented hopes on trade and rekindled regulatory concerns for the biggest social media companies. The S&P 500 slid for a third day, with chipmakers leading the loss after Trump accused China of manipulating its currency and stealing intellectual property in remarks just weeks before planned high-level […]
With N23bn loss, equities index dips by 0.17%
Businessam StaffSeptember 24, 2019
Omobayo Azeez As investors returned to the floor of the Nigerian stock Exchange on Monday to commence the week’s activities, the equities’ index dipped by 0.17 percent to close the day following mixed sentiments by the investors. The benchmarked index that tracks the flow of share prices in the market, the All-Share Index (ASI) shed […]
Tech shares lead Wall Street higher; S&P 500 nears record high
Businessam StaffSeptember 19, 2019
A Microsoft-led rally in technology shares pushed U.S. stock indexes higher on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary intervention. Shares of the software giant (Microsoft) rose 2.2% after the company unveiled a $40 billion stock buyback plan, boosting the S&P 500 […]
Asia, Europe stocks rise Thursday following Fed, BoJ rate ease
Businessam StaffSeptember 19, 2019
Asian markets were mostly higher on Thursday after the Bank of Japan (BoJ) kept its ultra-easy monetary policy unchanged following the US Federal Reserve’s interest-rate cut. Mainland Chinese stocks were up on the day, with the Shanghai composite higher by 0.46 percent at about 2,999. Hong Kong’s Hang Seng index, however, declined 1.07 percent to […]
Wall Street falls as energy drags; focus shifts to Fed meeting
Businessam StaffSeptember 17, 2019
U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. The energy index fell 1.59% and was the biggest drag on the benchmark […]
Now that Amaechi has lost comfort with $195m security contract to Israeli firm
Samson EchenimSeptember 16, 2019
By Samson Echenim For two years, Nigerians have talked about a “reformed” security contract to an Israeli firm, HLSI Security Systems and Technologies Limited valued at $195 million for securing Nigeria’s maritime domain. It’s been two years of paying $50,000 monthly to a company whose services are yet to be seen, with men of the […]
Wall Street rises on Apple, trade optimism
Businessam StaffSeptember 11, 2019
U.S. stocks rose on Wednesday, lifted by Apple a day after the launch of its latest iPhones and as China moved to ease trade tensions with the United States by exempting certain goods from additional retaliatory tariffs. Apple Inc rose 2.60%, boosting all three major indexes by the most, as it also rolled out a […]
U.S. stocks open weaker as treasuries edge lower
Businessam StaffSeptember 10, 2019
U.S. equities followed European shares lower as investors marked time before key central bank meetings in the coming days. The dollar was steady and Treasuries erased earlier gains on Tuesday. The three main U.S. indexes opened with modest declines. The Stoxx Europe 600 Index dropped a second day, led by food and beverage and health-care […]
Equities market begin 2nd week in September red
Businessam StaffSeptember 9, 2019
The Nigerian equity market at the close of Monday’s transactions shed 21 basis points (bps) to kick off the second week of September on a negative note. Market lead indicator – the All-Share Index (ASI) shed 56.73 absolute points, representing a decline of 0.21 percent to close at 27,089.84 points. Similarly, market capitalization depreciated by […]
Global stocks gain on hopes of central bank stimulus
Businessam StaffSeptember 9, 2019
Global stock markets gained on Monday as investors pinned their hopes on stimulus that’s expected from the world’s central banks to support slowing growth. European markets opened higher after data showed a surprise rise in German exports and on expectations of stimulus by the European Central Bank later this week. The pan-European STOXX 600 index […]