photo
Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
+ Reply to Thread
Page 53 of 53 FirstFirst ... 3 43 51 52 53
Results 521 to 529 of 529
Thread: World News from Forex Forum Nigeria.
  1. #521
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    Over 800,000 traders now beneficiaries of Tradermoni – Osinbajo

    Vice President Yemi Osinbajo has revealed that a total of 809,000 traders are currently beneficiaries of the Federal Government’s N10,000 interest free loans to traders, otherwise known as Tradermoni.

    Osinbajo made the disclosure as he witnessed the disbursement of the loans to petty traders in Ketu, Bariga and Oshodi markets in Lagos yesterday.

    According to the vice president, the Buhari administration’s TraderMoni scheme, which has so far given N10,000 collateral and interest-free loans to 809,000 beneficiaries of TraderMoni, over 1.1 million Nigerians – market women, traders, artisans, farmers – are currently beneficiaries of the Government Enterprise and Empowerment Programme (GEEP), which comprises FarmerMoni, MarketMoni and TraderMoni.

    “Under the TraderMoni scheme, beneficiaries can get access to a higher facility ranging from N15,000 to N100,000 when they repay N10,000 within the stipulated time period,” Osinbajo said.

    The Executive Director of Bank of Industry, Mrs. Toyin Adeniji, explained that while FarmerMoni loans start at N300,000 and are for farmers in farming clusters, via farm aggregators, MarketMoni is a six-month interest-free credit of between N50,000 and N300,000 for small businesses – medium-scale traders, market women, artisans, and youth in market associations – under the auspices of their cooperative societies.

    The Chief Operating Officer, GEEP, Uzoma Nwagba said the scheme aimed at assisting petty traders across the country expand their trades.

    He said the initiative is about including those at the grassroots, and uplifting Nigerians at the bottom of the pyramid, considering the contribution of petty traders to economic development.

    One of the beneficiary traders, Bola Okanlawon, who sells fruits, appreciated the Federal Government’s gesture which, she said, will assist her to procure more fruits and re-package for her customers. “I’m happy to be a beneficiary of the loan. Now, I can re-package for my customers and make more sales,” she said.

  2. <a href="">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>
  3. #522
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    UK watchdog proposes review of 150,000 loan insurance complaints

    Banks in Britain should review 150,000 rejected complaints about payment protection insurance (PPI), the Financial Conduct Authority proposed on Wednesday.

    Banks have paid out more than 32 billion pounds ($42.13 billion) in compensation for complaints about mis-selling PPI in Britain’s costliest consumer scandal, with Royal Bank of Scotland (RBS.L) setting aside another 200 million pounds last month.

    The FCA has already set a deadline of Aug. 29 next year for compensation claims, using an animatronic head of actor Arnold Schwarzenegger in advertisments to urge people to claim.

    The watchdog issued final guidance on Wednesday on how banks should apply a Supreme Court ruling that said a bank’s failure to disclose at point of sale a large commission payable out of the PPI premium could be unfair.

    This has forced banks to also deal with complaints about the high level of commission they earned from some PPI sales

    “The proposed mailings will help certain consumers who have previously complained about regular premium PPI but been rejected to engage with our campaign and consider whether they want to make a new complaint about undisclosed commission before the deadline,” the FCA said in a statement.

    The FCA had already said that banks should assess whether they had properly disclosed commission at point of sale.

    It clarified on Wednesday that banks should also assess whether the commission was properly disclosed during the lifetime of the product and remind customers about the 2019 claims deadline.

  4. #523
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    Respect our choices, China's Xi says ahead of Trump G20 meeting

    China wants to resolve problems with the United States through talks but it must respect China’s choice of development path and interests, President Xi Jinping said on Thursday ahead of a meeting with the U.S. leader in Argentina.

    China and the United States have put tariffs on hundreds of billions of dollars of each other’s goods and U.S. President Donald Trump has threatened to set tariffs on the remainder of China’s $500 billion-plus exports to the United States if their blistering trade dispute cannot be resolved.

    Trump’s administration has also accused China of interfering in U.S. politics, charges China strongly denies, and the two have sparred over the disputed South China Sea and self-ruled Taiwan, which China claims.

    Still, Trump and Xi plan to meet on the sidelines of a G20 summit, which is being held in Argentina at the end of November and early December, for high-stakes talks as the two countries try tentatively to get ties back on track.

    Meeting former U.S. Secretary of State Henry Kissinger in Beijing, Xi said he and Trump would have a “deep exchange of views” in Argentina, the official Xinhua news agency reported.

    China and the United States should correctly judge each other’s strategic intentions, and while China wanted to resolve problems via talks, the United States should respect China’s choice of development path and legitimate interests, Xi added.

    Xi said attention should be paid to “the increase in negative voices related to China in the United States”, without elaborating.

    Speaking earlier, the Chinese government’s top diplomat, State Councillor Wang Yi, said Xi and Trump reached an important consensus on the healthy and stable development of bilateral ties in a telephone call last week.Their meeting at the G20 summit would be of “great significance” in resolving bilateral problems, Wang said.

    “That will be of great significance for both sides to manage differences effectively and resolve issues in a practical way,” Wang told reporters.

    Wang said China stood ready to work with the United States to remove disruptions, build trust and prepare fully for the meeting.

    “We believe that meeting will help chart the course for China-U.S. relations,” he said, following talks with Australian Foreign Minister Marise Payne.

    Wang added that the more complex the situation is, the more important it is for both sides to remain “level-headed”.

    Relations between the two countries have warmed since the Xi-Trump telephone call, laying the ground for their G20 meeting.

    In a further sign of improving ties, Chinese Politburo member Yang Jiechi and Defence Minister Wei Fenghe are set to hold a security and diplomatic dialogue with U.S. officials in Washington on Friday.

    Meeting U.S. national security adviser John Bolton in Washington ahead of those talks, Yang said on Wednesday that the two sides should “properly manage differences and carefully prepare to ensure positive results in the Argentina meeting”, China’s Foreign Ministry said in a statement.

    “China is committed to working with the U.S. to achieve a no-confrontational, conflict-free, mutually respectful co-operation in which both sides win,” added Yang, who heads the ruling Communist Party’s foreign affairs commission and outranks Wang.

    However, speaking in Singapore at a forum on Wednesday, former U.S. Treasury Secretary Henry Paulson said there was a risk of an economic “Iron Curtain” falling between China and the United States unless China carried out reforms and that some people in the United States would like to “divorce” China.

    Beijing can help avoid this happening by ending practices like forced technology transfers, and providing better protection for intellectual property, and by also genuinely allowing market forces to drive key decisions.

    “If China doesn’t move quickly, I suspect the calls for divorce will intensify,” Paulson said.

  5. #524
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    FTSE falls as Fed stalls election rally; miners sink on weak prices

    UK shares fell on Friday, ending two days of gains and taking their lead from weaker U.S. and Asian markets overnight after a hawkish Federal Reserve statement renewed worries about an imminent interest rate hike and weak metals prices weighed.

    The FTSE 100 .FTSE was down 0.6 percent by 1027 GMT, while the domestically focussed mid-cap index was 0.5 percent lower as negative sentiment on Wall Street and in Asia spilled over across European bourses.

    The blue-chip index was on track though for a small gains on the week as it continued to recoup ground lost in October.

    As the pace of earnings releases slows, investors focussed on news that U.S. Federal Reserve held interest rates as widely expected but indicated it was set for another rate hike in December despite worries about the U.S.-China trade war and political uncertainty.

    “Stock markets are lower this morning as fears persist about further interest rate hikes from the Federal Reserve,” said David Madden, market analyst at CMC Markets UK.

    Falling base and precious metal prices as the dollar strengthened and lingering worries about Chinese demand pushed mining stocks to the bottom of the bourse. Anglo American (AAL.L), Antofagasta (ANTO.L), Glencore (GLEN.L) and BHP Billiton (BLT.L) were all down more than 3 percent.

    The sector .FTNMX1770 was down 2.5 percent, the worst performing industry and on track for its worst day in a month. Weaker oil prices also dragged.

    SSE (SSE.L) shares fell 3 percent to their lowest in nearly two months after the energy supplier said it was renegotiating terms with Innogy (IGY.DE) on a proposed retail energy tie-up, reigniting concerns about the outlook for the UK retail market.

    Informa topped the leader board, up 2.7 percent, after confirming it’s on track to meet full-year targets and reported 3.9 percent sales growth in the first ten months of the year.

    AA (AAAA.L) was the second-biggest faller on the mid-cap, down 6 percent after Credit Suisse downgraded the stock.

  6. #525
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    Euro zone growth slowdown is a return to normal - ECB

    Euro zone growth is merely returning to normal after an exceptional 2017 and the slowdown is primarily due to weaker external demand, European Central Bank Vice President Luis de Guindos said on Monday.

    He added that negative market spillovers from Italy’s recent budget tussle were so far limited, and argued that Rome’s main problem was not high spending but weak growth, which can only be addressed through longer term, structural reforms.

  7. #526
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    Vodafone lifts FTSE as trade optimism buoys markets

    The UK’s top share index rose on Tuesday helped by a rally in Vodafone (VOD.L) shares after the mobile operator announced further cost cuts and plans to lift cash flow.

    The FTSE 100 .FTSE index rose 0.2 percent by 1018 GMT, moving in line with other European equity markets which found support in hopes of progress in the U.S.-China trade dispute.

    The broader pan-European STOXX 600 was up 0.3 percent.

    Vodafone shares rose 6.8 percent to the top of the FTSE 100 after its new CEO Nick Read said he would reduce operating costs by 1.2 billion euros by 2021 and review its tower assets to drive higher returns.

    The group showed it was operating generally in line with analysts forecasts and said it would freeze the dividend until it reduced its debt pile, easing worries over a possible cut.

    “The reason why the share price is up today is upgraded guidance for free cash flow... Essentially it is the pot of money that is used to pay back debt and pay the dividend,” said Helal Miah, analyst at The Share Centre.

    “Having a bigger pot of money raises hopes that the dividend isn’t going to be cut,” he said.

    Gains in banks also helped drive the FTSE 100 higher with shares in HSBC (HSBA.L) and Lloyds (LLOY.L) trading up 0.7 and 0.6 percent respectively, while a fall in oil stocks on falling crude prices weighed.

    Elsewhere the focus was still on earning updates.

    Credit data company Experian (EXPN.L) said it expected full-year organic revenue to come in at the top end of its previous forecast, driven mainly by strength in its North American business. That sent its shares up 4.5 percent.

    Turnaround specialist Melrose (MRON.L) rose more than 4 percent after the said trading was in line with 2018 expectations.

    Among mid-caps, BTG (BTG.L) gained 8.8 percent after the healthcare service provider announced better-than-expected revenues and a positive outlook, while FirstGroup (FGP.L) also rose 8.8 percent after the transport group appointed a new finance chief and posted first-half results boosted by strong demand for bus travel across the United States and Britain.

    Some updates, however, disappointed. Housebuilder Taylor Wimpey (TW.L) fell 2.1 percent after a mixed trading statement.

    “Trading through the second half has been strong with sales rates around 8 percent ahead of the prior year. However, operating from a lower number of sites combined with a more cautious outlook for next year sees us trim our full-year 2019 volume expectations,” said Peel Hunt analysts in a note.

    Mid-cap discounter B&M (BMEB.L) tumbled 7.6 percent as underlying sales growth at the main B&M stores slowed in the second quarter.

  8. #527
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    No Brexit deal boost for FTSE 100 as oil, miners drag

    Britain’s top stock index sank on Wednesday as mining companies and oil majors sold off amid growing anxiety that global growth was slowing.

    The FTSE 100 .FTSE fell 0.5 percent by 1000 GMT, hit by a commodities selloff and nerves over Brexit.

    Sterling surged late on Tuesday after Britain and the European Union agreed a draft Brexit proposal, but it weakened on Wednesday as traders prepared for UK Prime Minister Theresa May’s showdown with her cabinet.

    “Markets are struggling to discount two binary options, a Brexit which is relatively soft and pushed down the road or a dramatic no-deal result,” said Edward Park, investment director at Brooks Macdonald.

    “Whilst a deal remains the market’s base case, the threat of a no-deal sword of Damocles hangs over UK assets until the start of 2019 at the earliest.”

    Sterling’s overnight volatility jumped to its highest since the 2017 UK general election, Refinitiv data showed.

    Figures showing inflation failed to rise as expected in October sent sterling slightly lower, alleviating some of the pressure on the FTSE 100.

    Mining companies and oil majors dragged the FTSE down the most. Commodities-related sectors were hit by worries over slowing global growth and excess supply of crude.

    Copper miner Antofagasta (ANTO.L) fell the most, losing 4.7 percent, as copper prices slid on weak China retail sales data.

    Rio Tinto (RIO.L), BHP Billiton (BLT.L), Evraz (EVRE.L), Anglo American (AAL.L), and Glencore (GLEN.L) fell 2.5 to 3.6 percent.

    Oil majors BP (BP.L) and Shell (RDSa.L) also tumbled after crude prices plunged 7 percent on Tuesday. The International Energy Agency said global oil supply will outpace demand throughout 2019.

    Smiths Group (SMIN.L) was among a handful of gainers, up 4.6 percent. The British engineer said it planned to spin off its healthcare business to focus on industrial technology, two months after a 7 billion-pound ($9.1 billion) deal to merge it with U.S.-based ICU Medical (ICUI.O) collapsed.

    Micro Focus (MCRO.L) shares rose 5.7 percent after Goldman Sachs upgraded it to “buy”. The company also said it had bought back 213,400 of its shares as part of a $400 million buyback programme.

    Mid-caps .FTMC fell 0.3 percent.

    Debenhams (DEB.L) shares tumbled 12 percent with analysts at Berenberg pointing to a report some high street suppliers have stopped working with the department store chain.

    Overall, analysts have been downgrading their expectations for UK earnings this results season, and investors say company reports show evidence of growing margin pressure and strain from preparations for Brexit.

    “The UK earnings season has again shown the precarious state of the UK retail market which has struggled to pass on cost pressures to consumers,” said Brooks Macdonald’s Park.

    “Exporters who are wrestling with the practicalities of European distribution in the event of a no deal have delayed investment and this has contributed to suppressed earnings expectations for 2019,” he added.

  9. #528
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    Brexit-sensitive stocks sink on deal backlash, exporters gain

    British stocks slid on Thursday after Brexit minister Dominic Raab quit in a blow to Prime Minister Theresa May’s efforts to win backing for her draft deal to exit the EU.

    Housebuilders, retailers and banks all fell, dragging the FTSE 250 .FTMC index down 1.1 percent, while the exporter-heavy FTSE 100 .FTSE fell just 0.1 percent, supported by a plunge in the value of sterling against the euro and the dollar.

    The resignations of Raab and pensions minister Esther McVey in protest at May’s draft deal for leaving the European Union pushed sterling down 1.6 percent against the dollar amid raised expectations among traders of a second referendum, a “hard” Brexit and a general election.

    In the FTSE 100, Housebuilder Barratt (BDEV.L) sank 8 percent, Persimmon (PSN.L) and Taylor Wimpey (TW.L) fell 7 percent, and Berkeley Group (BKGH.L) lost 5.4 percent.

    Mid-cap housebuilder Bovis Homes (BVS.L) fell 8.2 percent, while Redrow RDR.L and Crest Nicholson (CRST.L) dropped by 5.5 percent and 5.3 percent respectively.

    Barclays (BARC.L) fell 6.2 percent and RBS (RBS.L) 7.6 percent, with Lloyds (LLOY.L) down 4.4 percent as domestic banks were knocked by the heightened political uncertainty.

    Retailers were also hit, with Marks & Spencer (MKS.L) down 5.7 percent and Next (NXT.L) down 5.4 percent.

    Debenhams (DEB.L) fell another 6.8 percent, after suffering its worst-ever day on Wednesday on a report high street suppliers are cutting ties with the department store group.

    Paul Mumford, fund manager at Cavendish Asset Management, said there would “probably” be a few more resignations, increasing the uncertainty around the Brexit deal.

    Mumford said investors were selling sectors they see as vulnerable to a messy Brexit and domestic political uncertainty, while others await more clarity.

    Royal Mail (RMG.L) shares made a u-turn from their positive open, trading down 5.6 percent by 1023 GMT after first-half profit dropped about 25 percent as costs weighed.

    Shares in contractor Capita (CPI.L) sank 8 percent, the worst FTSE 250 performer, after the Financial Times reported it faces the loss of its NHS deal after failing to send letters with cervical screening dates or test results.

    Asset manager Intermediate Capital Group (ICP.L) was a rare gainer on the mid-caps index, up 7.7 percent after its results showed a 17 percent increase in first-half assets thanks to strong inflows of new money from clients.

    On the FTSE 100, multinational exporters Unilever (ULVR.L), Diageo (DGE.L), Reckitt Benckiser (RB.L), British American Tobacco (BATS.L), and Imperial Brands (IMB.L) were up by 1.2 to 2.5 percent as they gained from the weaker pound.

    Strong mining stocks helped limit losses, with Randgold Resources (RRS.L), Rio Tinto (RIO.L), Glencore (GLEN.L), and BHP Billiton (BLT.L) rising 1.2 to 4 percent on hopes of a rapprochement between the U.S. and China on trade.

  10. Sonata 19
  11. #529
    My charts talk to me!
    ----
     
    sweetfriends will become famous soon enough sweetfriends's Avatar
    Join Date
    Aug 2017
    Posts
    1,008
    Accumulated bonus
    770.86 USD
    Thanks
    5
    Thanked 50 Times in 47 Posts

    UK business backs May's Brexit deal but plans for the worst

    UK business lined up to help Prime Minister Theresa May sell her draft Brexit agreement but continued to plan for Britain to crash out of the European Union without a deal as May fought for her political survival on Friday.

    “This agreement is only a draft,” Chief Executive Warren East told BBC radio on Friday. “We are going to continue with our contingency plans and that includes buffer stocks so that we have all the logistical capacity that we need to carry on running our business.”

    Manufacturers like Rolls-Royce fear that new customs duties and red tape that would kick in if Britain leaves the European Union without a deal on March 29 would kill the just-in-time delivery of thousands of parts on which they depend.

    May’s spokeswoman pointed to “strong support from the business community” as her office released statements from a number of major companies, including Diageo (DGE.L), the London Stock Exchange (LSE.L) and Royal Mail (RMG.L).

    But their influence appeared limited as members of parliament gathered signatures for a confidence vote that would trigger a leadership contest, following the resignation of key ministers in protest at the draft agreement.

    Bookmaker William Hill (WMH.L) suspended betting on the year that May would leave office and narrowed its odds on a second Brexit referendum to 6/4.

    Opponents of the agreement with the European Union, which still has to be approved by the British parliament, say it is the worst of both worlds, leaving the bloc with too much power over Britain while taking away its say in making the rules.

    The political turmoil is roiling markets, putting sterling through its worst day since 2016 on Thursday.

    The pound stabilised on Friday as May clung onto power, and UK shares staged a fragile comeback thanks to mining and oil stocks, but Brexit-sensitive banking and housebuilding stocks came under renewed pressure.

    Investment bank Bernstein said the UK market might now be “uninvestable” as the most extreme outcomes were not yet priced into the value of shares.

    “We think that the UK market might be ‘uninvestable’ in the specific sense that the near term movement is likely to be dominated by political forces that, bluntly, are very hard to model,” the bank wrote in a note.

    “On a longer horizon uncertainty seems likely to hang over the UK for some time to come.”

    One chief executive of a services company that employs tens of thousands likened Brexit to a major business transformation that requires a long-term strategic vision and an acknowledgment that the first few years will be tough before it gets better.

    “We have not had that,” he told Reuters on condition of anonymity. “Politicians on all sides think tactically and for the short term. There is no strategic vision, and business is watching on and thinking: ‘Oh my god, where is the plan?’”

    “Right now it is an executional mess and I don’t think politicians are equipped to get us through it.”

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forex Forum Nigeria – Presentation
You are welcome to the Forex Forum Nigeria serving as a virtual salon for communication of traders of all levels. Forex is a dynamically developing financial market which is open 24 hours a day. Anyone can get access to this market via a brokerage company. On this forum you can discuss the numerous advantages of trading on the currency market and all aspects of online trading on MetaTrader4 and MetaTrader5 platforms.

Forex Forum Nigeria – Trading discussions
Every forumite can join a discussion of various issues, including those related to Forex but not limited to. The forum has been designed for sharing opinions and helpful information and is open for both professionals and beginners. Mutual assistance and tolerance are highly appreciated. If you would like to share you experience with others or deepen your knowledge of trading craft, you are most welcome to the forum threads dedicated to trading discussions.

Forex Forum Nigeria – Dialogue between brokers and traders (about brokers)
In order to be successful on Forex, it is crucial to choose a brokerage company with due diligence. Make sure you broker is really reliable! Thus you will be impervious to many risks and will make profitable trades on Forex. On the forum a rating of brokers is represented; it is based on comments left by their customers. Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker.

Unleashed communication on Forex Forum Nigeria
On this forum you can talk about not only trading issues, but any other topics you like. Offtopping is allowed in a special thread too! Humour, philosophy, social problems or practical wisdom – converse about anything you are interested in, including forex trading if you like!

Bonuses for communication on Forex Forum Nigeria
Those who post messages on the forum can receive money bonuses and use them for trading on an account of a forum sponsor. The forum is not meant for gaining profit; however forumites can get these small bonuses as reward for the time spent on the forum and sharing views on the currency market and trading.