Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
The Middle East is headed into the unknown, on that everyone agrees -- but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings.
Intel's design issue could have a ripple effect throughout the IT Hardware food chain, said an analyst at Barclays Capital.
Market analysts are of the view that the Intel's chipset issue could hurt the personal computer (PC) shipments in the first quarter.
Gold fell back from its third overnight rally in four days in London trade on Thursday, dropping 1.1% against the Dollar. We don't feel that this downward pressure can persist, given ample global liquidity and low long-term real interest rates, says Standard Bank's commodity team in a client note.
Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.
Annual bonuses at top global banks are causing ructions that could drive a outsized round of defections as weaker profits and tougher rules widen the pay discrepancy between star performers and everybody else.
The Bank of Uganda said on Monday it was intervening in the foreign exchange market by selling hard currency BOUG00, helping to push the shilling up to levels last seen nearly three weeks ago.
The Ghana cedi extended record losses against the greenback on Monday as corporate demand for the dollar remained high and inflows sluggish, traders said.
HP is looking to move in a new direction by parting ways with Mark Hurd's supporters on its board of directors.
Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop.
Nigeria has issued guidance for its $500 million debut Eurobond indicating a yield of around 7 percent, higher than that of West African peer Ghana, market sources said on Thursday.
Japan's largest glass maker Asahi Glass Co. has unveiled a super-tough, scratch-resistant glass cover Dragontrail for use in smartphones, tablet PCs, TVs, and similar devices, to compete with the biggest player in the market Corning Inc. (GLW) that makes Gorilla Glass.
Gold rose for a third straight day on Wednesday on a weaker dollar and strong Asian physical demand, while platinum and palladium hit multi-year highs on an improving global economic outlook.
Barclays Bank of Kenya, majority-owned by British lender Barclays, is cutting 200 management-level staff, or about 5 percent of its workforce, to cut costs by an unspecified amount.
Uganda's central bank said on Wednesday it would adopt a more aggressive stance towards the shilling's exchange rate after the local currency sunk to an all-time low of 2,395/2,400 versus the dollar.
Gold rallied for a third consecutive session on Wednesday, boosted by broad weakness in the dollar and robust Asian consumer demand, while anticipation of more resilient global growth took platinum to 30-month highs.
The top pre-market NASDAQ stock market gainers are: ARIAD Pharmaceuticals, Datalink, Sterling Bancshares, China XD Plastics and Ku6 Media. The top pre-market NASDAQ stock market losers are: Apple, Avago Technologies, Cypress Semiconductor, NVIDIA and ASML Holdings.
The Ugandan shilling strengthened marginally on Friday, supported by central bank intervention after it hit a record low against the dollar, but traders said the currency's reprieve could be short-lived.
Uganda's shilling looks set to plumb new record lows against the dollar over the next week due to soaring foreign exchange demand from the oil sector, while Kenya's unit should strengthen slightly.
Hong Kong stocks are likely to rise further on Thursday with traders expecting momentum to continue after the benchmark convincingly broke through short-term chart resistance on high volumes.
Traders are talking about buying dips again, concurs a Hong Kong dealer, noting that Asia physical market remains very tight for Gold Bars. Reuters says the Hong Kong premium for wholesale Gold Bars over benchmark London prices today held at $3 per ounce, a near 30-month high.