New York, UK | Xinhua | Wall Street’s major averages eked out modest gains in the week as investors monitored updates about a U.S. coronavirus stimulus bill, while poring through a batch of key economic data. For the week ending Friday, the Dow inched up 0.1 percent, the S&P 500 rose …
Read More »ActionAid Uganda wants parliament to investigate cabinet resolution allowing investors to mortgage gov’t land
Kampala, Uganda | THE INDEPENDENT | ActionAid Uganda wants parliament to investigate the cabinet decision allowing investors to mortgage government land allocated to them for use to ensure that it conforms to the existing land laws. On September 22, 2020, the government issued a set of conditions that will be followed …
Read More »U.S. equities post modest weekly gains with Trump’s coronavirus diagnosis
New York, US | XINHUA | Wall Street’s major averages climbed modestly in the week as investors focused on news about U.S. President Donald Trump’s positive test for COVID-19 as well as updates of a fresh round of U.S. fiscal stimulus. For the week ending Friday, the Dow added 1.9 percent, …
Read More »Government issues strict guidelines for mortgaging public land
Kampala, Uganda | THE INDEPENDENT | The Ministry of Lands has issued new guidelines for investors who want to mortgage government land. Lands Minister Beti Kamya said that cabinet decided that any foreign investor using public land should prove that they have at least 60 percent of the total investment …
Read More »U.S. equities post weekly losses amid tech sell-off, economic data
New York , US | XINHUA | U.S. equities decreased in the past week as investors rotated about of the tech sector while digesting a slew of key economic data. For the week ending Friday, the Dow slid 1.8 percent, the S&P 500 lost 2.3 percent, and the tech-heavy Nasdaq dipped …
Read More »U.S. equities post modest weekly gains amid Fed minutes, mixed data
New York, US | XINHUA | U.S. stocks eked out modest gains in the past week as Wall Street digested the Federal Reserve’s meeting minutes and a slew of economic data. For the week ending Friday, the Dow was roughly unchanged, the S&P 500 rose 0.7 percent, and the Nasdaq …
Read More »U.S. equities eke out modest weekly gains amid economic data, stimulus stalemate
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 »