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 […]
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 […]
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 […]
Tiffany shareholders back LVMH takeover, ending long-drawn dispute
(Reuters) – U.S. jeweler Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99% of votes cast were in favor of the deal. Billionaire Bernard […]
Markets positive as Canadian dollar and oil gain on last trading day before Christmas
TORONTO – Hopes for better times in 2021 drove North American stock markets to positive results as an abbreviated trading day ended at 1 p.m. ET on Christmas Eve. In Toronto, the S&P/TSX composite index closed up 30.31 points at 17,623.88 while the loonie and oil and metals prices climbed. American stock market investors ignored […]
Five Aim stocks with plenty of potential for 2021
Investing in Aim shares can make you a great deal of money – but you need to do your research. Michael Taylor of Shifting Shares picks five of his favourites ideas for 2021 Lockdown and coronavirus might have put paid to certain Christmas traditions this year, but one has survived entirely intact – it’s still […]
The Winning Credit Trades That Made Debt Investors Rich in 2020
Markets plunged at the onset of the pandemic, sending entire sectors teetering toward oblivion. Once solid companies were suddenly paying double-digit yields in a mad scramble for liquidity, while venerable household names could be scooped up for pennies on the dollar. Then, just as quickly, the Federal Reserve’s unprecedented efforts to support corporate-debt markets set […]
