Business

Yellen Fails To Inspire Dollar Bulls

A sense of disappointment permeated through the global markets during trading on Monday following last week’s shocking NFP result of 38k that discounted expectations over the Fed raising US rates in Q2. With the number of jobs created falling...

Loses Continue As Market Cap Drops N42bn In Day 2

BEVERLY HILLS, June 07, (THEWILL) – Activities on the Nigerian Stock Exchange (NSE) on Tuesday remained on a negative note due to profit taking embarked by investors leading to a further drop in the market capitalisation. The market capitalisation lost...

Verizon To Submit $3 Billion Bid For Yahoo’s Internet Business: WSJ

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Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc's core internet business, the Wall Street Journal reported, citing people familiar with the matter. Private-equity firm TPG was also expected to submit a second...

Shell To Exit Up To 10 Countries After BG Deal

Royal Dutch Shell (RDSa.L) will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts and narrow its focus following its $54 billion acquisition of BG Group. Presenting its strategy following the close...

Soothing Fed Sounds Send Stocks To Five-Week High

World stocks hit their highest in five weeks on Tuesday as a dovish tone from Janet Yellen cooled near-term U.S. rate hike bets and a seven-month peak in crude prices cheered oil firms. European stocks were up 1 percent in...

NSE Market Cap Drops By N13bn

BEVERLY HILLS, June 06, (THEWILL) – Transactions on the Nigerian Stock Exchange (NSE) opened for trading on Monday on a negative note with the market capitalisation losing N13 billion 0.14 per cent to close at N9.478 trillion compared with...

Pound Knocked Down, Yellen Next In Focus

The Pound was knocked down by more than 1% against the USD in the early hours of the Asian trading session after The Daily Telegraph released a survey of nearly 19,000 subscribers showing that 69% are intending to vote...

Game-Changer For The Dollar?

The Dollar has commenced weekly trading attempting to regain momentum after suffering extreme losses following an unbelievably weak US Non-Farm payroll report at the conclusion of last week. Many are probably wondering whether this could be a game-changer for...

Don’t Know Where U.S. Stocks Are Headed? The Options Market Has A Deal For You

One year after the U.S. stock market topped out, indexes are again near their highs and that makes options traders nervous, so much so that bullish bets on U.S. equities now are bargain priced, even though the underlying stocks...

Jaguar Land Rover Sues Chinese Automaker Over Evoque Copycat: Source

Jaguar Land Rover is suing Chinese automaker Jiangling Motor for allegedly copying the British firm's Range Rover Evoque, a person with direct knowledge of the matter said - a rare move by a foreign automaker to fight copycats in...