New York, U.S. | Xinhua | U.S. stocks advanced considerably in the week as retail trading frenzy cooled and Wall Street expected that a slew of downbeat data could boost the possibility of additional stimulus. For the week ending Friday, the Dow increased 3.9 percent, while the S&P 500 index and …
Read More »U.S. equities post weekly gains in kicking off 2021
New York, U.S. | Xinhua | Wall Street’s major averages advanced in the first trading week of the new year as investors shrugged off the turmoil in Washington and a weaker-than-expected December U.S. employment report. All the three major indexes finished higher on Friday after achieving their respective milestones in the …
Read More »U.S. stocks post mixed weekly results amid stimulus uncertainty
New York, U.S. | Xinhua | Wall Street’s major averages posted mixed results in the holiday-shortened week as investors weighed the fate of additional U.S. fiscal stimulus and impact of a new coronavirus variant. For the week, the Dow rose 0.1 percent, the S&P 500 lost 0.2 percent and the Nasdaq …
Read More »U.S. equities post weekly gains amid stimulus talks, Fed decision
New York, US | Xinhua | Wall Street’s major averages eked out gains in the week as investors monitored negotiations on additional U.S. fiscal stimulus and pored through the Federal Reserve’s latest statement. For the week ending Friday, the Dow rose 0.4 percent, while the S&P 500 and the Nasdaq climbed …
Read More »Bureaucracy, bribery major obstacles to Uganda’s competitiveness – Survey
Kampala, Uganda | THE INDEPENDENT | Entrepreneurs and prospective investors in Uganda are getting more concerned about long bureaucratic procedures in dealing with government, than they are concerned with corruption or bribery, according to a survey. The procedures involved when an investor wants to start up a business in Uganda, …
Read More »Africa urged to embrace e-commerce to accelerate trade
Lusaka, Zambia | Xinhua | A virtual import and export conference and exhibition opened Tuesday with the Zambian government urging African countries to embrace e-commerce in order to accelerate trade. The two-day event, hosted by the Zambian government in collaboration with the private sector, is a flagship networking platform aimed …
Read More »U.S. equities post mixed weekly results amid soaring COVID-19 cases
New York, US | Xinhua | U.S. equities posted mixed results in the week as Wall Street was worried that the country’s soaring COVID-19 infections could cast a shadow on its economic recovery. For the week ending Friday, the Dow declined 0.7 percent, and the S&P 500 fell 0.8 percent, while …
Read More »U.S. equities post mixed weekly results amid surging COVID-19 cases, vaccine news
New York, US | Xinhua | Wall Street’s major averages posted mixed results in the week as investors digested news on a coronavirus vaccine candidate, while continuing to show concerns over soaring U.S. COVID-19 infections. For the week ending Friday, the Dow climbed 4.1 percent, the S&P 500 gained 2.2 percent, …
Read More »Bankers reveal where they will put money after COVID-19
Kampala, Uganda | THE INDEPENDENT | The banking sector is advising investors and other private sector borrowers to re-think their investments and investment plans because the attractiveness of investments to credit has been highly affected by the COVID-19 pandemic. The pandemic scared lending institutions away from the private …
Read More »Financial sector leaders call for strong market rules
Kampala, Uganda | THE INDEPENDENT | The financial sector leaders have chosen to strengthen regulation to grow the stock market as opposed to relaxing rules to attract companies to listing shares. They say strong regulation of the sector gives confidence to serious investors that their investments will be safe while relaxing …
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