Asian Markets Open Lower Amid Corona Virus Fears
Markets across Asia opened low on Monday as fears of the coronavirus swept across the region. 2700 people have contracted the virus in China with over 80 reported dead. Furthermore, [...]
LSE Celebrates UK-Africa Investment Summit
London Stock Exchange Group (LSE Group) has recorded remarkable feats at the recently concluded UK-Africa Investment summit held in London. They include the listing of two unique bonds, as well [...]
Facebook's Libra Faces another Setback as Vodafone Quits
Facebook's cryptocurrency, Libra, has faced another setback after telecommunications firm, Vodafone, withdrew from the project, citing the need to concentrate on its own related service. We can confirm that Vodafone [...]Tesla Hits $100 Billion Valuation Mark
Tesla has crossed the $100 billion stock market evaluation, becoming the first US car manufacturing company to hit the mark. This comes as a great sign even as the company's [...]Boeing to Borrow $10 Billion amid 737 Max Crisis
Boeing is set to borrow close to $10 billion from banks, a move that seeks to get it back on its feet after suffering massive losses linked to the worlwide [...]Qatar Signs $470 Million Deal to Build its First Solar Plant
Qatar, in conjunction with French and Japanese partners, has signed a $470 million (KSh47 billion) deal to build its first solar energy plant. According to Qatar's minister for Energy, Saad [...]Global Markets : Crude Prices Move Up as Supply is Disrupted
Crude oil prices rose to more than one-week high in London as supply disruptions in Iraq and Libya raised concerns. According to the daily Markets stats from EGM Securities, Commodities [...]
Bolt Receives KSh5.6 Billion for RD Strategies
Taxi hailing company, Bolt, has received KSh5.6 billion from the European Investment Bank (EIB), funding that seeks to improve the company's research and development strategies. Some of these strategies include [...]Asian Equity Markets remain upbeat
Asian equity markets traded mostly positive after taking impetus from another record-setting session on Wall Street. following the recent US-China deal signing. According to a daily economic calendar by EGM [...]Toyota Invests $394 Million in Flying Taxis
Toyota has invested $394 million in Joby Aviation, a move that seeks to aid in the development of electric flying taxis. This new-found partnership will enable the two companies to [...]Google's Parent Company's Market Value Hits $1 Trillion
Alphabet, Google's parent company, has hit the $1 trillion mark in market share value, becoming the fourth US firm to hit that spot, after Amazon, Apple and Microsoft. On Thursday, [...]US-China trade deal drives global stocks to record highs
American equity futures climbed on Thursday and European shares fluctuated in the wake of the signing of the U.S.-China trade deal, an event that helped drive global stocks to record [...]
