US stocks close flat after sell-off

United States stocks were little changed on Wednesday, but the Nasdaq slid for a second day, dragged lower by weakness in Internet shares. Reuters reported that stocks such as Amazon.com Incorporated, down 1.9 per cent at $291.50, Facebook Incorporated, down 2.3 per cent at $57.17 and Google Incorpo... [More]

Euro zone bonds reverse as inflation rises

Euro zone bond yields reversed earlier gains on Wednesday after euro zone inflation cooled expectations that the European Central Bank would need to immediately loosen monetary policy to support the bloc’s fledgling growth. Reuters reported that consumer prices nudged above 2009 lows in April,... [More]

‘US markets are not rigged’

The United States Securities and Exchange Commission Chair, Mary Jo White, on Tuesday responded directly to allegations in Michael Lewis’ new book about high-frequency trading markets. “The markets are not rigged,” she told a US House of Representatives panel. “The US markets... [More]

Global shares tumble on Ukraine anxiety

Global equity markets dropped and the ruble and dollar fell on Friday, pulled down by worsening tensions between Ukraine and Russia, while yields on the 30-year United States Treasury bond reached the lowest in nearly a year. Reuters reported that disappointing earnings from bellwether consumer prod... [More]

US Stocks flat as investors await earnings

United States stocks were flat on Monday ahead of key earnings releases as investors found few reasons to push indexes sharply higher following a strong rally last week, Reuters reported. The S&P 500 posted its best week since July last week, boosted by results from such names as General Electri... [More]

EU law to help investors identify good corporates

Investors looking for companies with good environmental, social and governance track records will find the job easier after European politicians ruled that thousands of firms must reveal their performance as corporate citizens. Reuters reported on Monday that trillions of dollars of pension fund, in... [More]

Asian stocks subdued on Ukraine caution

Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. According to a Reuters report, the MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.1 per c... [More]

Oil Rises to 6-Week High as Ukraine Adds to Tight Market

Forex Time (FXTM) says it has seen a huge need to educate Nigeria’s growing forex traders and investors on how to make informed and strategic trading decisions to enable them unlock the hidden opportunities presented by the rewarding venture with its upcoming Free empowerment conference. The c... [More]

Forex Time engages traders, investors on trading skills

A statement released to BusinessDay by the firm reads; With forex trading rapidly growing in popularity in Nigeria, FXTM believes it has become imperative for it to educate traders that the key to success in forex trading is understanding how the market works and knowing the fundamental principles o... [More]

Co-op Group reports £2.5bn loss

The Co-operative Group has announced losses of £2.5bn for 2013, marking the worst results in the group’s 150-year history, the British Broadcasting Corporation reported on Thursday. The group said most of the losses stemmed from the Co-operative Bank, which amounted to £2.1bn. That... [More]