Author: InvestAdvocate

Jump in hiring sends bonds lower and stocks higher

By MATTHEW CRAFT, AP Business Writer  NEW YORK – A surprising jump in hiring sent bond prices lower and lifted the dollar. Stocks edged higher.   A survey from payroll processor ADP found that private companies added 297,000 jobs last month, far above the 100,000 economists expected. The report is the first chance […]

SEC may force Facebook flotation

Jemima Kiss   Facebook might be forced by US regulators to take the social networking company public as new investors pile in   Pro Bono: the investment firm of U2 singer Bono bought a 1.5% stake in Facebook for $210m – it has quadrupled in value. Photograph: Boris Rössler/AFP/Getty “It’s […]

NSE Asks Brokers to Separate Accounts

05 January 2011 The Nigerian Stock Exchange (NSE) has directed all stockbroking firms to separate their own accounts from clients accounts as part of efforts to instil discipline and sanity in the stock market.   Given the nature of their business in Nigeria, most operators function as broker-dealers. This means […]