Tag Archives: Markets

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 …

New York, United States | AFP | US stocks dipped Thursday as the House of Representatives delayed a vote on a health care replacement bill seen as a barometer of congressional support for President Donald Trump’s agenda. Trump and Republican congressional leaders had pushed hard for the bill, which would undo …

New York, United States | AFP | Oil prices slumped to their lowest level of 2017 Wednesday following a bearish US supply report that also dented American petroleum-linked shares. The US oil benchmark, West Texas Intermediate, slid more than five percent to $50.28 a barrel, its lowest price since December. …

New York, United States | AFP |  US stocks powered to fresh records Wednesday, with the Dow topping 21,000 for the first time, after President Donald Trump struck a more conciliatory note in a major address Tuesday night. All three major US equity indices smashed past highs, with the Dow …

Paris, France | AFP |  Algorithms are a crucial cog in the mechanics of our digital world, but also a nosy minder of our personal lives and a subtle, even insidious influence on our behaviour. They have also come to symbolise the risks of a computerised world conditioned by commercial …

New York, United States | AFP |  The Dow Jones Industrial Average, the most famous equity index benchmark on Wall Street shot above 20,000 for the first time at the open Wednesday. The blue-chip stocks index quickly blew through the much-anticipated milestone in the opening seconds of trading, culminating a …

Mexican peso slumps to record low against dollar Hong Kong, China | AFP | Markets went into free fall Wednesday and the Mexican peso tanked as Donald Trump appeared to be moving into the lead in the race for the White House. Safe haven assets rallied as investors went running …

New York, United States | AFP |  US and European markets moved higher on Wednesday as oil producing countries reached a surprise deal to cut oil production, causing crude prices to jump more than five percent. Following the agreement reached in Algiers by members of the Organization of the Petroleum …

NBS: The presidential affairs committee of parliament has summoned the political and technical leadership of Kampala Capital Authority (KCCA) over the mismanagement of USAFI market which they say is costing the country.  The summons is in response to a petition filed by the vendors who complained of high taxes yet …

It has almost become a norm that for every State of the Nation address, President Yoweri Museveni has to lament about the fact that Uganda imports far much more than it exports. This year’s address was no different. He lamented how Uganda had become a ‘supermarket’ economy, importing all sorts …