shares

Budget: Finance, power projects get lion’s shares of N1.16tn loans

The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms of projects costs, of the N1.16tn multilateral and bilateral loans that the Federal Government is planning to get to part fund the 2022 Budget.

The Minister of Finance, Budget and National Planning, Zaynab Ahmed, had on Friday said from the N16.39tn budget that the President, Major General Muhammadu Buhari (retd.), presented to the National Assembly on Thursday, N10.13tn was projected to be generated as revenue and N6.26tn which is 3.39 per cent of Gross Domestic Product as deficit would be financed

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Asian shares rise as receding debt fears spur Wall St rally

TOKYO (AP) — Asian shares rose Thursday, tracking a rally on Wall Street after signs of progress on resolving the standoff in Congress over the debt ceiling.

Japan’s benchmark Nikkei 225 gained 1.6% in morning trading to 27,972.58. Australia’s S&P/ASX 200 added 0.8% to 7,262.30. South Korea’s Kospi jumped 1.3% to 2,944.57. Hong Kong’s Hang Seng surged 2.2% to 24,491.36. Trading was closed in Shanghai for a Chinese national holiday.

Stephen Schwartz, a senior director at Fitch, said he believes the regional economy will start to recover with the growing vaccination efforts in Asia, which mean restrictions to curb the

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Asian Shares Slip as Fed Signals ‘Downshift’ in Economy | Business News

By ELAINE KURTENBACH, AP Business Writer

Shares fell in Asia on Thursday after further losses on Wall Street following a Federal Reserve report showing U.S. economic activity slowed this summer.

The report pointed to resurgent coronavirus cases and mounting supply chain problems and labor shortages — woes affecting many economies. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Sydney.

Japan extended its emergency measures to combat COVID-19 outbreaks until the end of September, as numbers of new cases have been declining only slowly, straining the healthcare system.

Chinese markets have been chilled by further moves by the government to strengthen

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Asian shares slip as Fed signals ‘downshift’ in economy

Shares fell in Asia on Thursday after further losses on Wall Street following a Federal Reserve report showing U.S. economic activity slowed this summer.

The report pointed to resurgent coronavirus cases and mounting supply chain problems and labor shortages — woes affecting many economies. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Sydney.

Japan extended its emergency measures to combat COVID-19 outbreaks until the end of September, as numbers of new cases have been declining only slowly, straining the healthcare system.

Chinese markets have been chilled by further moves by the government to strengthen controls over online businesses that thrived

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Chinese stocks muted as shares of property developer Evergrande soar

SINGAPORE — Major Asia-Pacific markets closed mixed on Wednesday, while shares of China’s most indebted property developer Evergrande and some of its units soared.

Meanwhile, oil stocks in the region jumped on the back of higher oil prices.

Chinese markets were muted. The Shanghai composite closed just above the flatline to 3,532.62, while the Shenzhen component was down 0.24% to 15,021.17. Hong Kong’s Hang Seng index rose 0.21% in the final hour of trade.

Shares of China Evergrande jumped more than 8% in the afternoon, after the company said in a filing that it was in discussions to sell stakes

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Robinhood push to democratise finance falters with own shares

Robinhood updates

Robinhood has had a pretty clear pitch as it has taken on Wall Street’s traditional brokerages with its trading app — democratise finance for all.

That slogan hearkens back to the origins of the company in 2013 in the wake of the Occupy Wall Street protest movement, which railed against wealth inequality and the power of big banks.

Robinhood’s co-founders said they saw a need to disrupt the established, elitist financial system and make equity markets more accessible to everyday investors.

That pitch

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Asian Shares Slip After Wall Street Retreat, Bond Yields Dip | Business News

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — Shares were mostly lower in Asia on Friday after stocks pulled back from their recent record highs on Wall Street as bond yields fell and investors turned cautious.

Tokyo’s Nikkei 225 lost nearly 2%. Shares fell in Seoul, Sydney and Shanghai but rose in Hong Kong.

U.S. futures declined and the yield on the 10-year Treasury note rose to 1.34%. On Thursday it fell to 1.30%, its lowest level since February. It recently was trading at 1.74%.

Traders have been shifting money into bonds in recent weeks, pulling down the benchmark

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The Times of IsraelIsraeli shares traded on Wall Street reach massive $300 …… has brought the total valuation of the shares of the 85 Israeli companies traded on Wall Street to $300 billion, Calcalist reported Wednesday, …21 hours ago

The Times of IsraelIsraeli shares traded on Wall Street reach massive $300 …… has brought the total valuation of the shares of the 85 Israeli
companies traded on Wall Street to $300 billion, Calcalist reported
Wednesday, …21 hours ago… Read More

Australian shares hit another record high, Wall Street ‘meme stock’ AMC surges 96pc

Australian shares have climbed to a record high for the second day in a row — amid optimism over the nation’s economic recovery and expectations that stimulus and low interest rates will persist for years.

The ASX 200 posted a record closing high of 7,260 points, after rising 0.6 per cent, thanks to surging oil and gas stocks.

However,

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Asian Shares Track Tech, Energy-Led Gains on Wall Street | Business News

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — Shares advanced in Asia on Thursday after a day of modest gains on Wall Street, led by buying of energy and technology stocks. Oil prices also rose.

Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong.

In a quiet news week, investors are watching for a U.S. Labor Department report on Friday that economists forecast will show employers added more than 650,000 jobs last month. It is expected to yield fresh clues about the Federal Reserve’s next interest rate policy moves later this month, when the central bank

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