Equity trading activities on the Nigerian Stock Exchange continued on a negative note on Wednesday, breaking the rally, which existed for the greater part of last week. Specifically, the NSE’s All-Share Index fell by 0.4 per cent or 132.28 basis points from 33,487.82 points on Tuesday, to 33,355.54 basis points. […]
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OPEC Survival Uncertain Amid U.S. Oil Output Growth
A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc. “OPEC should find it challenging to survive another 60 years, let alone another decade,” analysts led by Ed Morse, global head of commodities […]
Big Dell Investor Cries Foul, but Traders Don’t Care
If you’re Michael Dell, you contend you’re doing shareholders of your company a favor. If you’re an investor in Dell (DELL), you may well feel like you’re getting low-balled. Dell’s largest outside investor, Memphis-based Southeastern Asset Management, agrees with the latter position, saying it won’t support the $13.65-a-share management-led buyout […]
