Fri Feb 19, 2016/Reuters By Abhiram Nandakumar The Dow and S&P 500 slipped on Friday morning as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends. The Nasdaq was little […]
Tag: Reuters
Wall Street falls, snapping three-day rally; Wal-Mart weighs
Thu Feb 18, 2016/Reuters By Lewis Krauskopf Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lackluster earnings report and oil prices pulled back. Eight of the 10 major S&P sectors finished negative, led by a 0.9 percent decline […]
BUA Says in Talks with Sinoma to Build $1.9 Billion Steel, Cement Plants-Reuters
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier conglomerate, BUA Group said on Thursday it’s in talks with China’s Sinoma to build a steel plant in Nigeria and two (2) cement plants in East Africa worth $1.9 billion, a Reuters reported quoted Abdulsamad Rabiu, chairman of the Group. According to the report, […]
