Category Archives: Finance

09Jul/15

China stock market crash explained

(Next Media Online) – China stock markets went into complete meltdown on Tuesday and Wednesday after being in free fall since June 12.
Continue reading

06Jul/15

All quiet on the Chicago Mercantile Exchange (CME)

(Reuters Business Report) – They traded everything, from corn and soybeans to crude oil futures, shouting orders and making trades. But for Chicago futures traders, as of Tuesday morning, the floor of the CME will be quiet. Open outcry ended at the closing bell on Monday, capping a 167 year run in the city where it was born.
Continue reading

06Jul/15

Greek No vote “catastrophic scenario” for markets, says analyst

A ‘No’ vote by the Greeks is a “catastrophic scenario” for markets, an analyst says while on the streets of Paris, people say the Greeks may have voted in a “selfish” way.

Continue reading

04Jul/15

Behind the rattled nerves of China’s markets

(Reuters Business Report) – By now, you’ve probably heard that China’s stock market is swinging wildly.

Sparking panic as one of the world’s biggest economies experiments with a free market.

But what exactly is behind all of the uncertainty?
Continue reading

01Jul/15

UK stock markets calm despite Greek default

UK traders consider the consequences of a possible ‘Grexit’ on the European markets.

Continue reading

25Jun/15

Apple mints money off Watch bands

(Reuters Business Report) – You likely bought extra bling when you bought your Apple Watch. What you didn’t know is just how much money Apple is making off of it. Reuters has learned that nearly a fifth of Apple Watch buyers wind up shelling out for spare bands. The top seller is the $49 black Sport Band made of synthetic rubber. Believe it or not, tech research firm IHS says that only costs Apple about $2 to make. While that doesn’t account for the packaging, shipping, and materials costs, that’s a whopping profit margin.
Continue reading

15Jun/15

Tiny Togo – Africa’s new financial hub?

(REUTERS) – West Africa’s Togo is bursting with ambition.

The small nation is home to around 7 million people.

And reforms have led major banks to headquarter themselves in its capital Lome.

Ecobank is one such bank, its founder Gervais Djondo.
Continue reading

08Jun/15

China’s big and bold stock market bull run

(REUTERS) – Meet Lu Tingbo, a physics major at Peking University who’s also an active investor – managing about about 800,000 dollars cobbled together from family, friends and schoolmates.
Continue reading

15Apr/15

France says Alcatel can reconquer lost markets with Nokia tie-up

French Economy Minister Emmanuel Macron says the Nokia and Alcatel-Lucent tie up is a chance to create a “great European champion”.

Continue reading

26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
Continue reading