May 14, 2020/EBRD By Nibal Zgheib A bond issued by Egypt’s New Urban Communities Authority (NUCA), in which the European Bank for Reconstruction and Development (EBRD) invested EGP 500 million (€29 million equivalent) has won the “Deal of the Year 2020 – Africa” award in the securitisation category by The Banker, […]
Updates
Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households
May 14, 2020/Federal Reserve US Financial circumstances were generally positive for most adults at the end of 2019. However, the Federal Reserve Board’s latest Report on the Economic Well-Being of U.S. Households, Featuring Supplemental Data from April 2020, found that financial conditions changed dramatically for people who experienced job loss […]
Daily Market Update for May 14, 2020-Cordros
May 14, 2020/Cordros Report EQUITIES Sentiments in the Nigerian equities market remained positive, as demand for DANGCEM (+1.7%), NESTLE (+4.0%) and some banking stocks spurred today’s gain. Thus, the All-Share Index increased by 0.8% to 23,892.92 points. Accordingly, Month-to-Date gain increased to 3.8%, as Year-to-Date losses moderated to -11.0%. The […]
