Thursday, February 22, 2018
Bangladesh bourse approves China bid, rejects India offerBangladesh has agreed to sell a large stake in its stock exchange to a Chinese consortium, an official said Tuesday, rebuffing a rival bid from India that raised political sensitivities. The Dhaka Stock Exchange on February 10 had approved the Chinese offer to buy a quarter of the bourse's 1.8 billion shares, but Bangladesh's financial regulator asked it to "further scrutinise" the decision.
Flying Car Infrastructure Sees Development in 13 Countries Including KenyaThe community of entrepreneurs and early supporters of the McFly.aero blockchain project have begun to set up an infrastructure for flying cars; in 23 cities covering 13 countries, including in Kenya.
Wednesday, February 21, 2018
New Threat As U.S., Others Set to Abandon Nigeria's OilThere are indications that the United States and other nations will soon abandon Nigeria's oil, which may negatively affect the nation's revenue generation. According to the Energy Information Administration (EIA), the US may drastically reduce its import of crude oil from Nigeria by 2022, going by its projection of becoming a net energy exporter in four years.
Tuesday, February 20, 2018
As the title suggests there's a lot of curves in market that are looking like this after last week's fall. The question now is where is this going from here? Just as an example I have chosen European Equity ETF VGK. Incidentally, Bridgewater has increased its bearish bets on European equity substantially over the last three weeks. I did say make some recommendations that the expected bounce would be worth it however I give stern warning as we approach this resistance area. I urge my readers to exercise a lot of caution over the next few days to just wait and see whether we break through resistance or it falls back again, but if there's money on the table it should probably be taken off.