Foreign investors are gearing up to plug Nigeria’s $82 billion health-care gap
The coronavirus pandemic has sharpened the lens on a substantial health-care spending gap in Africa’s largest economy, and international investors are seeking to fill the void. When it comes to health care, Nigeria is lagging its comparable African neighbors in terms of expenditure and access. For example, Nigeria’s public spending on health care amounts to […]
Hedge funds bet on recovery in 2021
TORONTO (Reuters) – Some global hedge fund investors are going into 2021 optimistic about a speedy snap-back from the economic challenges related to the coronavirus pandemic. Hedge funds, which use leverage and employ more aggressive, often riskier strategies than other investors, believe many previously undesirable sectors, ranging from energy to retail, will rebound in 2021. […]
African free trade bloc opens for business, but challenges remain
JOHANNESBURG (Reuters) – African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) […]
Despite higher costs for residential deliveries, analysts see reasons to bet on FedEx
Parcel carriers FedEx and UPS have had to quickly ramp up their networks for what has become a historic year for residential shipping. Both have prevailed, but investors have some concerns. Even before peak holiday season, more people had turned to spending online during the coronavirus pandemic after retailers shuttered their storefronts. In turn, shares […]
Why business is worried about trade-based money laundering
Financial crime watchdog sees cases involving everything from soft fruit to luxury cars Onions, potatoes, soft fruit, luxury cars, expensive watches . . . it reads like a list of goods held up at the Channel crossing in the UK’s pre-Christmas travel chaos. But it is a sample of some of the exports that feature in a longer-term worry […]
Gene Munster, who called Apple’s run to $2 trillion, says a path to $3 trillion is in sight
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in January, when he made the […]
Tumultuous 2020 Rewards Investors Who Stared Down Turmoil
The bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy. The S&P 500 ended on an up beat, with a 1.4% gain in the holiday-shortened week. That pushed its 2020 gain to 16%, an ending that would have seemed far-fetched in […]
Here’s where to invest your money in 2021, financial advisors say
Key Points: Drugmakers Pfizer and BioNTech announced Monday that their Covid-19 vaccine is more than 90% effective, based on data from their drug trials. While there’s no certainty when it or another vaccine would be available, sectors like hospitality and travel are likely to benefit when consumers resume their pre-pandemic spending patterns. Don’t dismiss stocks […]
Wall Street Week Ahead: Investors bullish on stocks, hoping for a brighter 2021
NEW YORK (Reuters) – U.S. stocks are closing 2020 on a strong note, and many investors are betting the party will continue after a tumultuous year that marked both the end of the longest bull market and the shortest-lived bear market ever. Risks abound, including a resurgent coronavirus pandemic, concerns about the speed of rollout […]
M&A deals plunge in Israel as pandemic sidelines foreign investors
Value of deals drops by 50% to $10 billion, with third quarter showing greatest decline in number, PwC Israel data shows Merger and acquisition deals in Israel plunged by 50% this year to $10 billion compared to last year, due to the economic paralysis wrought by the coronavirus pandemic, a new report by consultants PwC […]
