November 22, 2016/Reuters By Nqobile Dludla | JOHANNESBURG By the end of 2016, almost half of the world’s population will be using the internet as mobile networks grow and prices fall, but their numbers will remain concentrated in the developed world, a United Nations agency said on Tuesday. In the […]
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Wall St. eases from record highs, Dow tops 19,000 for first time
November 22, 2016/Reuters By Yashaswini Swamynathan U.S. stock indexes hit record intraday highs for the second straight day on Tuesday, with the Dow topping 19,000 and the S&P 500 moving past 2,200 as the post-election rally continued. The small-cap Russell 2000 index hit an intraday high for the fourth day […]
Dangote Sugar Refinery Q3 2016 Results Review – Rising Costs Impeding Growth
Culled—Proshare November 22, 2016/FBNQuest Research Price target cut by 13% to N5.3; 2016/17E EPS ests. cut by 9% Dangote Sugar Refinery’s (DSR) Q3 2016 earnings declined -11% y/y and were behind our estimate by 23%. Although sales grew impressively both on a y/y and q/q basis, higher production and operating […]
