admin

Shortly after Blackrock announced results this morning, which beat deeply discounted expectations (BLK reported EPS of $4.78, above the $4.77 consensus, even though expectations were higher than the reported earnings just one week ago even as revenues declined 3.5% Y/Y), the CEO of the world’s largest asset manager, Larry Fink, appeared on CNBC to give […]Read More

It appears the machines were not expecting Mark Carney to disappoint this morning. When the Bank of England decision hit at 7amET, US equities instantly tumbled but VIX flash-crashed to almost an 11 handle, before reversing almost instantly back above 13. Having run all the stops lower, it appears the machines have run out of […]

Written by Nathan McDonald (CLICK FOR ORIGINAL)  The markets are disappointed. It was expected that the Bank of England would usher in a new wave of Quantitative Easing (QE) at its most recent meeting, yet this was not the case. Mark Carney has surprised many investors, sticking to the data and stating that no significant […]

Facing a firestorm of criticism from both the left for her repeated bashing earlier this week, according to which Trump is a “faker” and that she would move to New Zealand if the Donald is elected president, moments ago Supreme Court Justice Ruth Bader Ginsburg told CNN that she “regrets” her “ill-advised” comments regarding the […]Read More

Tips: tips [ at ] zerohedge.com General: info [ at ] zerohedge.com Legal: legal [ at ] zerohedge.com Advertising: ads [ at ] zerohedge.com Abuse/Complaints: abuse [ at ] zerohedge.com Advertise With Us

It appears ‘officials’ in Singapore have discovered what US officials know very well. The best way to stop selling pressure is to stop trading and so, as FinExtra reports, with STI beginning to weaken to the day’s lows, a “technical glitch” ended trading on The Singapore Stock Exchange at 1138am local time for the rest […]Read More

Some banking sector analysts have expressed concern over banks’ exposure to the upstream oil and gas sector.It was gathered that of the top five banks’ $4,882 million exposure to the upstream oil and gas sector, at least 15 per cent is exposed to the Trans Forcados pipeline (TFP). The pipeline has been closed for four […]

The Nigerian Electricity Regulatory Commission (NERC) has denied reports that there were plans to increase power tariffs across the country. Six months ago, NERC increased electricity tariffs for different categories of consumers by over 45 per cent, but it denied doing so this time around because of the prevailing economic situation in the country. It also […]

As part of its plan to improve access to cement in all parts of Ghana, Dangote Cement, Ghana has commenced the process of recruiting drivers, truck driver assistants and loaders to drive its newly procured 1,000 trucks. In a statement by the company’s Media Relations Manager, Mr. Etornam Komla, the company said the trucks which […]

The federal and state governments will meet today in Kano to brainstorm on strategies to boost internally generated revenue in the states. This, according to the Ministry of Finance, is part of efforts aimed at increasing revenue generation to fund the 2016 budget as well as other infrastructure projects. A statement from the Finance ministry […]

The Nigerian Ports Authority has gotten its first female Managing Director with the appointment of the ‘Bring Back Our Girls’ campaigner, Ms. Hadiza Usman to the position. President Muhammadu Buhari had approved her appointment as a replacement for Habib Abdullahi who was sacked from the position for a second time. According to an online medium, […]

The Federal Airports Authority of Nigeria has said the new terminals being constructed at four international airports located in Lagos, Port Harcourt, Kano and Abuja are at advanced stages of completion. The General Manager, Corporate Communications, FAAN, Yakubu Dati, said in an interview with our correspondent  that the agency would take delivery of the terminals […]