New York, US | XINHUA | U.S. stocks posted modest gains in the week, as investors digested a slew of newly-released economic data while grappling with the uncertain fate of the further coronavirus stimulus in the country. For the week ending Friday, the Dow gained 1.8 percent, the S&P 500 …
Read More »NGOs inflows and exports help Uganda Shilling stay strong
Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has appreciated by at least 5.2% against the dollar since March, thanks partly to money coming into non-governmental organizations and low demand for dollars by importers. According to the quoting this month by forex bureaus, the shilling has gained as much …
Read More »China’s participation key to success of Africa’s free trade pact: experts
Accra, Ghana | XINHUA | China’s participation will be one of the key ingredients to the success of the African Continental Free Trade Area (AfCFTA) agreement, some experts have said. Speaking with Xinhua, international trade expert Francis Kofi Korankye-Sakyi said the critical role China has played in Africa’s economic and …
Read More »U.S. stock markets may no longer be “gold rush” for Chinese firms: British media
London, UK | XINHUA | U.S. stock markets have been “a gold rush” for Chinese companies, but this may come to an end, as the U.S. administration has used its market as a “potential new front in a battle with China,” the British newspaper Daily Telegraph has reported. In May, …
Read More »U.S. equities post mixed weekly results amid coronavirus worries, earnings
New York, US | XINHUA | Wall Street’s major averages posted mixed results during the past week as investors digested a slew of earnings reports while weighing the impact of surging coronavirus infections. For the week ending Friday, the Dow gained 2.3 percent, the S&P 500 rose 1.3 percent, and …
Read More »Stock markets bounce back after heavy losses
London, United Kingdom | AFP | US and European stock markets were higher Friday as investors turned buyers again after the previous day’s rout on coronavirus economic fallout fears and the likelihood of a second wave of the pandemic in the United States. The magnitude of the earthquake caused by the …
Read More »World stocks extend gains on economic optimism
London, United Kingdom | AFP | Global stock markets built on strong pre-weekend gains on Monday as optimism that economies are emerging from coronavirus gloom kept buyers onside. On Wall Street, the Dow index was up just over 200 points at the opening bell, while in Europe London and Frankfurt were …
Read More »Stock markets surge on swift recovery hopes
London, United Kingdom | AFP | Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further easing of lockdowns while looking past China-US tensions and civil unrest across America. The upbeat mood — and hopes for an extension to a massive …
Read More »Stock markets shrug off US layoffs
London, United Kingdom | AFP | Stock markets mostly rose and the dollar advanced Thursday, gaining traction from optimism over reopening economies and a huge EU coronavirus recovery package, dealers said. Asia bounded higher but Hong Kong failed to maintain early gains as investors fretted over a US decision to revoke …
Read More »Stock markets firmer on lockdown easing hopes
Paris, France | AFP | Global stock markets were firmer Monday, buoyed by the prospect of further easing of coronavirus lockdowns despite sharp increases in case rates in some countries such as Brazil. On the downside, an upsurge in Sino-US tensions, especially over Chinese plans to introduce a national security …
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