06252016Sat
Last update: Sat, 25 Jun 2016 06am

Markets - Equity

Markets - Equity - Europe

West Africa Crude-Buyers put off by high Nigerian offers, BPCL awards tender LONDON: July loading Nigerian cargoes continued to clear slowly while Angolan Pazflor and Dalia traded swiftly. Africa's richest man Aliko Dangote said that he expected his refinery to be up and running by 2019 while almost doubling his cement production on the continent by adding plants in eight countries. Nigeria's currency, the naira, held steady at the end of its first week after being floated. It ended at 281 to the dollar. Dollar shortages have held back Nigeria's ability to import, particularly for gasoline, forcing it to engage in more crude for product swap deals. ANGOLA Pazflor continued to clear at strong differentials of around dated Brent plus $2.90 a barrel. Sonangol sold the Aug 7-8 Dalia it offered on Thursday at dated Brent minus $3.20 a barrel. Traders said the deal was done slightly lower. NIGERIA Just over 10 cargoes of July loading Nigerian crude were still available. * ...


Markets - Equity - Americas

US stocks drop further; Dow, S&P 500 down 3pc NEW YORK: US stocks dived to session lows at midday Friday after Britain's surprise vote to leave the European Union, with both the Dow and S&P 500 down about three percent.Near 1650 GMT, the Dow Jones Industrial Average was at 17,473.41, down 3.0 percent.The broad-based S&P 500 shed 3.2 percent at 2,046.78, while the tech-rich Nasdaq Composite Index tumbled 3.7 percent to 4,728.22.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Europe

London stocks close down 3.2pc, Paris 8.0pc, Frankfurt, 6.8pc LONDON: Shock news that Britain had voted to leave the European Union hit European stock markets hard on Friday, with London's FTSE 100 index recovering from early losses to close down 3.2 percent.The Frankfurt stock exchange suffered a 6.2 percent blow, while Paris slumped 8.0 percent, with Milan losing 12.5 percent and Madrid 12.4 percent.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Americas

Canadian stocks, currency slide as Brexit raises global growth risks TORONTO: Canada's currency and shares of most of its largest companies weakened in the wake of Britain's vote to leave the European Union on Friday, while government bond yields slipped as investors bet the Bank of Canada will cut interest rates. The threat to global growth that the so-called 'Brexit' presents will prove a headwind for an economy that relies on energy and other commodity exports, analysts and investors said."It increases the risk that deflation ...

Markets - Equity - Europe

Shares in Italy's biggest banks dive after Brexit vote MILAN: Shares in Italy's two biggest banks, UniCredit and Intesa SanPaolo, tumbled more than 20 percent at the open on Friday after Britain voted to leave the European Union. UniCredit hit an all-time low of 2.052 euros, down almost 25 percent. Both UniCredit and Intesa shares were later suspended temporarily from trade. Copyright Reuters, 2016

Markets - Equity - Europe

Stocks plunge, zloty near 4-1/2 year low on British vote to leave EU BUDAPEST: Central European currencies fell and stock markets plunged on Friday after Britain voted to leave the European Union, with the Polish zloty tumbling to a 4-1/2 year low against the euro and some stock markets to multi-year lows.Direct trade linkages with Britain account for 3-6 percent of the foreign trade of central eastern European countries, with the euro zone having a much bigger role.But Britain is still Poland's second-biggest export market, with its exports ...

Markets - Equity - Americas

US stocks futures down about 3% ahead of Wall Street opening NEW YORK: US stock futures were down about three percent in pre-market trade Friday morning after Britain's surprise decision to vote to exit the European Union.As markets across Asia and Europe plunged after the vote, near 1245 GMT, US futures indices pointed to a 2.7 percent fall in the Dow Jones Industrial Average when the stock markets open at 1330 GMT.The broad-based S&P 500 looked to drop about 3.2 percent, while the futures for the ...