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Tag: market

Market attack kills at least 30 in northern Burkina Faso

World
Authorities say suspected Islamic extremists attacked a busy market and killed more than 30 people over the weekend as the West African country's security situation deterioratesBy ARSENE KABORE Associated PressJanuary 28, 2020, 10:15 AM2 min readOUAGADOUGOU, Burkina Faso -- Suspected Islamic extremists attacked a busy market in Burkina Faso and killed more than 30 people over the weekend, authorities said, as the West African country's security situation deteriorates. The death toll could be as high as 50, Burkina Faso's national television reported Monday evening. It was the second attack in northern Burkina Faso in a week that has left dozens dead. Meanwhile, the Norwegian Refugee Council warned that as many as 900,000 people could be displaced in the country by April, up from current e...
JP Morgan announces new division to fund at least $100 billion in emerging market projects

JP Morgan announces new division to fund at least $100 billion in emerging market projects

Finance
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBCJ.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects.The lender said it can finance more than $ 100 billion annually from its investment bank and created a formal methodology to define projects that fit both commercial and development targets, according to a release from the New York-based bank. It also hired Faheen Allibhoy, an 18-year-veteran of the World Bank-affiliated International Finance Corporation, to lead the new group.Her career choices have been "mission-driven, but I think as a business case, the emerging markets are where the action is," Allibhoy said in a telephone interview. Places like...
India’s gold loan market to touch Rs 4,617 billion by 2022

India’s gold loan market to touch Rs 4,617 billion by 2022

Finance
New Delhi: India's gold loan market is expected to reach Rs 4,617 billion by 2022 at a five-year compounded annual growth rate of 13.4 per cent, a KPMG report said. The 2018-19 fiscal year saw gold loan companies aggressively expanding their branch network across the northern and eastern states in the country, it said. "Moving forward, these companies are expected to focus on optimising their asset utilisation and leveraging their existing branch infrastructure to maximize the branch-level AUM and customer outreach," KPMG India said in the report 'Return of gold financiers in India's organised lending market'. The emergency of the online and digital models in the gold loan space by NBFCs and new-age fintech players that offer gold loans at the customers' doorstep have opened up an untapped...
The stock market has not been this richly valued or avidly loved in two years

The stock market has not been this richly valued or avidly loved in two years

Finance
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020.Brendan McDermid | ReutersIn late January 2018, Wall Street reached the moment of "peak happiness," which marks the highest levels of valuation, investor confidence, financial liquidity and risk appetites achieved during this decade-long bull market.Both now and then, the S&P had gained about 25% over the previous year and around 15% from an August pullback. In December 2017, an intensely anticipated policy shift occurred with passage of the corporate tax cut; this past December we got the hotly anticipated phase-one U.S.-China trade deal.This created an all-in rally that truly earned the "melt-up" label, led by the popular big tech stocks and refusing to slow down or pull back despite b...
Here’s what happened to the stock market on Tuesday

Here’s what happened to the stock market on Tuesday

Finance
Traders work on the floor of the New York Stock Exchange (NYSE) on the morning that online image board Pinterest Inc. makes its initial public offering on April 18, 2019 in New York City.Spencer PlattDow Jones Industrial Average fell 36 pointsThe Dow slipped 36.08 points, or 0.13%, to end the day at 28,515.45. The S&P 500 fell 0.02% to 3,223.38. The Nasdaq Composite rose to a new all-time high of 8,952.88. The S&P 500 has risen 2.6% for December and 8.3% for the quarter. It is also on pace for its best annual performance in six years, up 28.6% for 2019. If the benchmark ends the year up more than 29.6%, it will score Santa rally period beganTuesday marked the official start of the Santa Claus rally period, which happens on the final five trading days of the year and the first ...