Finance

2024-09-05T08:05:00.000+02:00 T h u r s d a y , 0 5 / 0 9 / 2 0 2 4 | 0 6 : 0 5 G M T by FM A deep dive into monetary and fiscal policies and how they shape the financial markets. The Forex market - also known as foreign exchange

Nvidia, the world’s leading AI chip manufacturer, sparked a global stock market downturn Wednesday, with indexes falling in Asia, Europe, and the United States. After Bloomberg reported on Tuesday that the US Justice Department issued Nvidia a subpoena as part of an antitrust investigation, investors sold $279 billion worth of shares — amounting to 9.5

Nigeria: Equities market maintains bullish momentum  ZAWYANigeria’s stock market remains bullish  Voice of NigeriaInvestors Gained N98.60bn as NGXASI Increased by 0.18%; BDC Rate Depreciated to N1,615/USD  ProshareFinancial Services Industry dominates trading at Nigerian bourse  APANEWSMarket capitalisation rises by N272bn on equities market  TVCNews...

American stock markets fell on Tuesday after manufacturing in the world’s largest economy contracted for a fifth month in a row. Some $279bn was wiped off the value of artificial intelligence giant Nvidia, as its shares dropped by 9.5pc, helping to pull down the index of 30 leading US chipmakers by 7.8pc. It came less

NEW YORK -- U.S. stocks tumbled Tuesday to their worst day since an early August sell-off, as a week full of updates on the economy got off to a discouragingly weak start. The S&P 500 sank 2.1% to give back a chunk of the gains from a three-week winning streak that had carried it to

…Stanbic IBTC Holdings to pay N25.9bn as interim dividend Nigeria’s equities market garnered additional N45billion on Tuesday after rising by 0.08 percent at the close of trading. Investor’s interest in stocks like IMG, Eterna, C& I Leasing and eTranzact helped the market to close further in the positive zone despite profit taking in counters like

(RTTNews) - Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as traders react to downbeat factory activity data from China for the fourth straight month in August. They also remain optimistic over the outlook for interest rates after a report showing US consumer prices

Former Vice President, Atiku Abubakar The 2023 Peoples Democratic Party presidential candidate, Atiku Abubakar, has called on President Bola Tinubu’s administration to promptly list the Nigerian National Petroleum Corporation Limited on the Nigeria Stock Exchange. The former Vice President declared that this move aligns with the stipulations set forth by the Petroleum Industry Act. Atiku’s

Minister of Finance Enoch Godongwana. (Jeffrey Abrahams/Gallo Images) The swift formation of a new coalition government has bolstered investor confidence and fuelled the rand rally, says Godongwana. The local currency rallied 3.7% against the dollar since President Cyril Ramaphosa announced a new cabinet in June. The FTSE/JSE All Share Index has gained 6.6% over the

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The investment world has taken a whole new paradigm shift in the past decade, where cryptocurrency has emerged as a radical alternative to the traditional stock markets. The more an investor delves into new financial models, the more heated the debate on cryptocurrency vs stock markets becomes. However, both asset classes have their merits, but

Stocks on Wall Street finished broadly higher Friday as the market closed out its fourth straight winning month with solid gains. A late-afternoon rally helped stocks bounce back from a midafternoon slide. The S&P 500 rose 1%, with about 76% of the stocks in the index notching gains. The benchmark S&P 500 closed August with