Tag Archives: Markets

Kampala, Uganda  | THE INDEPENDENT |  Parliament has granted leave to Workers MP Margaret Rwabushaija to introduce the establishment and management of markets bill, 2019 that will allow individuals to own and set up markets. Rwabushaija says the current Markets Act places the vital question of ownership of land and …

New York, United States | AFP |  US stocks sank into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy. Saturday’s devastating attacks on Abqaiq — the world’s largest oil processing facility — and the …

BOU, ACI move to work with Refinitiv, further cements Uganda’s efforts to attract long-term foreign direct investments  Johannesburg, South Africa | THE INDEPENDENT |  Refinitiv, the Central Bank of Uganda BOU, and the ACI Financial Markets Association of Uganda have announced that they will be working together to strengthen Uganda’s trade …

London, United Kingdom | AFP | European stock markets rallied on Wednesday after a mixed session in Asia, as analysts warned of potential economic fallout from political gridlock in the United States triggered by the country’s midterm elections result. The dollar slid against main rivals, with the pound boosted also …

Tokyo, Japan | AFP | Bitcoin plunged 20 percent to a three-month low on Tuesday, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell to $6,190 for the first time since mid-November, …

Hong Kong, China | AFP | The dollar took another beating on Thursday after two of Donald Trump’s top cabinet members talked down the currency and hinted at a more belligerent trade policy. The sell-off in the greenback especially hit exporters on Japan’s Nikkei index, which tumbled for a second straight …

London, United Kingdom | AFP | Europe’s major stock markets churned lower Wednesday as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward trend. Virtual currency bitcoin meanwhile dived, falling below $10,000 for the first time in six weeks in what one analyst called a …

Why changes in broadly shared economic assumptions are potentially riskier than more dramatic events COMMENT | CHRISTOPHER SMART | One of the great mysteries of today’s global markets is their irrepressible enthusiasm, even as the world around them appears on the verge of chaos or collapse. And yet, investors may be …

New York, United States | AFP | The Dow hit another milestone Wednesday, ending above 22,000 points for the first time following another round of strong earnings that have overshadowed the lack of progress on President Donald Trump’s agenda. Trump himself claimed credit for the surge, noting on Twitter Tuesday that …

Hong Kong, China | AFP |  The euro and most stock markets surged Monday after moderate candidate Emmanuel Macron won the first round of France’s presidential election and looked set to triumph in the run-off against far-right candidate Marine Le Pen next month. Investors globally had been fearful that a …