Business

Sentiment towards the global economy was dealt a sharp blow during trading on Tuesday following the World Bank’s meek outlook on global growth which immediately dented risk appetite. The development lender slashed world GDP for 2016 down to 2.4%...

The general atmosphere in the global markets remains choppy with a lack of risk appetite hurting investor attraction towards the equity markets. The general global economic sentiment would have felt a blow following the news that the World Bank...

Gold surged ferociously during trading last week with prices hitting fresh two week highs at $1248 following the remarkably weak NFP report that immediately quelled expectations over the Fed raising US rates in June or July. For an extended...

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...

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 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...

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...

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...

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...

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...