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Not Just Oil Hampering The Nigeria ETF
Wednesday, May 18, 2016 - 4:13pm | 521Read More...Maybe oil is not hampering the Global X MSCI Nigeria ETF ( Global X Funds (NYSE: NGE) at all — not with the United States Brent Oil Fund, LP (NYSE: BNO) being up 23.8 percent year-to-date and NGE being the only exchange-traded fund dedicated to equities in Africa's largest oil-producing...
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A Possible Change Looms For A Popular Frontier ETF
Tuesday, April 12, 2016 - 1:40pm | 544Read More...There are seven single-country, exchange-traded funds dedicated to members of the Organization of Petroleum Countries (OPEC). With the exception of three ETFs tracking Indonesia, which recently rejoined OPEC, other OPEC ETFs have been drab performers. That is particularly true of the Global X MSCI...
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Nigeria Tries To Deal With Slumping Oil, But ETF Risks Remain
Friday, February 5, 2016 - 9:24am | 496Read More...The Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)) has lost nearly a third of its value over the past year thanks in large part to the country's status as Africa's largest oil producer and a member of the Organization of Petroleum Exporting Countries (OPEC). Nigeria As An Oil...
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Nigeria Gets A Bond Index Demotion
Wednesday, September 9, 2015 - 7:13am | 459Read More...Nigeria is Africa's largest economy, but liquidity issues are hampering the country's local currency-denominated debt, prompting JPMorgan Chase & Co. to remove the country from its local-currency emerging market bond indexes. More than $200 billion tracks those benchmarks. "...
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Obama Highlights The Economic Costs Of Corruption In Africa
Tuesday, July 28, 2015 - 3:00pm | 1013Read More...U.S. President Barack Obama addressed the 54 member states of the African Union on Tuesday in the Ethiopian capital of Addis Ababa. He is the first U.S. leader to visit the pan-African government. During his speech, Obama reprimanded the continent's leaders for their corrupt policies and frequent...
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Best And Worst ETFs Of The Week Amid Renewed Breakout
Friday, February 13, 2015 - 4:30pm | 495Read More...Stocks were hard on the gas this week as major indices such as the SPDR S&P 500 ETF Trust (NYSE: SPY) broke out to new highs. This breakout was preceded by a multi-week sideways price trend that ultimately resolved to the upside in favor of the bulls. One of the more notable areas of the...
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3 Ways Japan Could Win From Lower Crude Oil Prices
Thursday, January 8, 2015 - 7:34am | 390Read More...Falling oil prices have wreaked havoc on producing nations like Russia and Nigeria, but importing nation Japan has seen crude’s recent slide as an opportunity to boost sales and get its economy back on track. Three such Japanese sectors set to benefit are explored below. 1. Auto Industry...
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Market Wrap For April 7: Bears In Complete Control As Markets Get Hammered Yet Again
Monday, April 7, 2014 - 4:41pm | 1842Read More...U.S. stocks declined for the third straight day in another trading session in which Internet, social media, biotechnology and momentum stocks sold off. The Dow suffered another triple-digit point loss while the three major indices each saw declines greater than one percent. The timing of the...
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Despite Setbacks, Royal Dutch Shell is Not Out of Africa
Thursday, October 17, 2013 - 3:38pm | 1145Read More...Although Royal Dutch Shell (NYSE: RDS-A) is selling four oil blocks in Nigeria, it is firmly committed to its position in the energy industry in Africa. Along with Exxon Mobil (NYSE: XOM) and others, the company has strongly opposed proposed protective legislation in South Africa that would...
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These Awesome Charts Highlight Just How Diversified (or Homogeneous) Some Nations' Exports Are
Friday, April 12, 2013 - 3:36pm | 136Read More...Ever wondered what the leading exports of Antarctica or North Korea or the Solomon Islands are? Well you've come to the right place. Courtesy of the Wikimedia Commons and the Observatory of Economic Complexity, Benzinga has compiled an array of export tree maps from countries and regions around the...










