By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Monday resurfaced on the Nigerian bourse to open the week low as all share index (ASI) dipped 0.33 percent to close at 27,179.28 basis point, while market capitalisation declined by N31.09 billion to N9.34 trillion. Cordros daily market update reported that today’s […]
Capital Market
Alibaba agrees on $266 million acquisition deal with South China Morning Post
Dec 13, 2015/Reuters Alibaba Group Holding Ltd (BABA.N) has agreed on a HK$2.06 billion ($265.8 million) deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd (0583.HK), the newspaper group said in a statement on Monday. Alibaba and SCMP Group Ltd (0583.HK) said on […]
Asia stocks drop as oil rout deepens, yuan extends slide
Sun Dec 13, 2015/Reuters By By Shinichi Saoshiro Asian stocks fell on Monday and China’s yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors’ nervousness about riskier assets ahead of an expected U.S. rate rise by the Federal Reserve later in the week. The People’s Bank […]
