Asian markets retreat after rally as strong yen hits Tokyo
Asian markets mostly turned south Thursday as investors took a breather after rallying this week on optimism over China-US trade talks and the Federal Reserve's softer tone on interest rates.
Nigeria-China currency swap and economic growth - Part 2
It is demeaning that the Asians now control domestic commodity trading in Nigeria. They were able to hedge out Nigerian produce buyers. They buy produce like cocoa, coffee, groundnut, cotton, sorghum, gum Arabic, rubber, palm produce etc. It was easy for them to do that because they possess large capital. It is, therefore, mindboggling that…
Tokyo stocks open higher on cheaper yen
Tokyo stocks opened slightly higher on Tuesday as the yen remained cheaper against the dollar, with worries over a US-China trade war receding.
Tokyo stocks close higher as yen weakens
Tokyo stocks closed higher on Wednesday helped by a cheaper yen, as market focus shifted from Donald Trump and Kim Jong Un's summit to US and European central bank meetings.
Speculative attacks fuel Naira depreciation
The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreak havoc on the naira before the deal gets underway. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, led the Nigerian delegation to…
Tokyo stocks close higher as yen stays weak
Tokyo stocks closed higher Thursday as a cheaper yen helped boost market sentiment, with investors pursuing shares in companies expected to report brisk earnings.
Tokyo stocks end higher on Wall St gains, weaker yen
Tokyo stocks closed solidly higher on Wednesday, helped by gains on Wall Street and a weaker yen, as investors digested news from the US-Japan summit talks.
Tokyo stocks close lower on stronger yen
Tokyo stocks closed lower on Wednesday as Japanese exporters were weighed by a stronger yen, a day after the key index closed at a 26-year high.
Tokyo stocks close lower on US-NorthKorea woes
Tokyo stocks closed ended lower on Tuesday as exporters were hit by a rush into the safe-haven yen with tensions between the United States and North Korea flaring up again.