High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said.
Kenya's Centum Investment Co is poised to tap the booming property market in east Africa to meet the growing demand of the bulging middle class, its chief executive officer said on Tuesday.
Mauritian holding company Ireland Blyth said it still expected improved full-year results, when posting a 68 percent fall in first-half pretax profit on Tuesday.
World stocks and oil prices ebbed from recent highs on Tuesday after China raised interest rates for the second time in just over a month, spurring worries of the hike's impact on global economic demand.
This is a world obsessed with demand...[and] many central banks' policy settings are very, very loose...making for serious inflationary pressures, UBS said. The outlook for food prices is that they could rise exponentially from here if we were to see another shock. There's no buffer right now.
The top pre-market NASDAQ stock market gainers are: Conexant Systems, Herley Industries, Exide Technologies, Vical, and Motricity. The top pre-market NASDAQ stock market losers are: ADDvantage Technologies Group, PennantPark Investment, Breitburn Energy Partners, Allot Communications, and Glu Mobile.
Newmont Mining Corporation (NEM.N) expects to more than double its African gold production to 1.2 million ounces by 2015, driven by its projects in Ghana, a senior executive said on Tuesday.
Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
The top after-market NYSE gainers on Monday are: International Coal Group, Aspen Insurance Holdings, New York Times, Harry Winston Diamond and Elan Corp. The top after-market NYSE losers on Monday are: Triangle Capital, One Liberty Properties, Principal Financial, FMC Corp and Becton.
The top after-market NASDAQ stock market gainers are: Exide Technologies, Herley Industries, Conexant Systems, CSP, and WSB Holdings. The top after-market NASDAQ stock market losers are: Glu Mobile, SunPower, Breitburn Energy Partners, PennantPark Investment, and Kratos Defense & Security Solutions.
British gas producer BG Group Plc posted a rise in quarterly profit helped by higher commodity prices and a lower exploration charge and the company lifted its full year dividend by 10 percent to 21.60 cents a share.
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
Gold prices inched up on Monday, underpinned by inflation concerns, but a more optimistic economic outlook and worries about interest rate hikes kept bullion from rising further.
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.
Republican Governor Rick Scott, who was just elected last November in a very close race, unveiled a budget that envisions $5 billion in spending cuts and almost 9,000 jobs slashed from the public sector.
Speaking at the Information Technology and Innovation Foundation event in Washington, F.C.C. Chairman Julius Genachowski said the U.S. needs to take action on its broadband problem.
U.S. government-owned rail operator Amtrak said plans to construct a railway tunnel that will link New York City and New Jersey at a cost of $13.5-billion.
The Dow and S&P 500 advanced to their highest levels since June 2008 on Monday as a flurry of merger news and solid earnings sparked broad gains.
Loews Corp reported its best quarter of the year as strong investment income from its biggest holding, CNA Financial , helped the conglomerate post a better-than-expected 16 percent increase in quarterly profit.
Allen & Overy (A&O) plans to open an operational support and legal services center in Belfast, the capital city of Northern Ireland, and employ 300 people by 2014 to run it.
Physical delivery times for wholesale Silver Bars in London – heart of the world's physical bullion markets – have improved. But major dealers continue to offer three-day settlement or longer, compared with the more normal two-day terms.
Gold held near $1,350 an ounce on Monday after the metal's first weekly rise this year supported investor confidence in the metal, though a more optimistic view of the global economic outlook is continuing to weigh on prices.
