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Nigerian investment inflow falls by N2.3tn over the past three years

Nigerian investment flow in the previous three years has declined as a result of economic slowdown in the country. Investors lost their confidence in Nigerian economy citing global oil slump.

Mar 07, 2016 09:07 AM EST

Egyptian Billionaire Naguib Sawiris Will Finalize Acquisition of CI Capital Holding by the End of March

The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.

Mar 07, 2016 09:04 AM EST

French Utility EDF CFO Resigns Possibly For Disagreement With CEO Over £18 Billion Hinkley Point project

Thomas Piquemal, chief financial officer of the French utility EDF has been rumored to resign over disagreement with company CEO. Due to decade low wholesale prices of electricity, the business has been forced to borrow billions of Euros for payment of dividends. Under such financial hardships, Piquemal has suggested to wait at least three years in finalizing the project plan.

Mar 07, 2016 09:03 AM EST

Rob Mundy opens a new online research platform for investors

Rob Mundy, a former stock research expert, has launched Research Tree, an online investment research platform designed for private investors. With this new achievement, Rob Mundy aims to create a better source of information for online investors.

Mar 07, 2016 09:00 AM EST

PSE To Formulate Market Friendly Laws Facilitating DDS Transactions

PSE has been seeking comments and suggestions on its proposed law for transactions of DDS. The procured comments and suggestions will be evaluated while drafting the rule, aiming to reflect market demands. Comments and suggestions may be sent up to March 22.

Mar 07, 2016 08:59 AM EST

Old Mutual Reportedly Planning to Split Into Several Units, The Company Stated It's Considering All Options

Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.

Mar 07, 2016 08:55 AM EST

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

Mar 01, 2016 08:53 AM EST

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

Mar 01, 2016 08:48 AM EST

Puerto Rico Desperately Needs US Help to Handle Debt

Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.

Mar 01, 2016 08:40 AM EST

Volkswagen Introduced Its New Luxury Sedan, Only for China Market

Volkswagen unveiled Phideon as its new luxury car today, ahead of Geneva International Motor Show. The successor of Phaeton will only be sold in China.

Mar 01, 2016 08:38 AM EST

Palo Alto Networks, Splunk and Salesforce Drove Nasdaq Up

Following slow start of the year, tech companies began to come to life. As Palo Alto Networks, Splunk and brought Nasdaq to soar 2% in the last five trading days.

Mar 01, 2016 08:37 AM EST

January gold purchases in India rises by 62%

Gold purchase in India increased 62% during the month of January. The government lifted the import duty on gold citing the growing prices in global market.

Mar 01, 2016 08:36 AM EST

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