Axis Capital

Finance, investment and Markets.

[Axis Capital @AxisCap1]

MarketWatch - Charlie Munger says it’s ‘really stupid to have a culture which encourages [so] much gambling in stocks’
https://t.co/NhvSNHHBS7

[Axis Capital @AxisCap1]

Nation Media Group Shares rally amidst share buyback announcement. #MarketUpdate

[Axis Capital @AxisCap1]

Absa Group celebrates substantial completion in Separation from Barclays. https://t.co/v5BxSJ1bdG

[Axis Capital @AxisCap1]

COVID-19: Telecoms voice and mobile money revenue falls by 26 per cent and 34 per cent respectively https://t.co/SEaEgFndJC

[Axis Capital @AxisCap1]

Check out this article from MarketWatch - Inside China’s campaign to blame the U.S. for the coronavirus pandemic
https://t.co/uSrWxycHzp

[Axis Capital @AxisCap1]

On the European panel, a bigger majority agreed that a major recession is likely: 48% strongly agreed, 34% agreed, 13% were uncertain, and 4% disagreed.

[Axis Capital @AxisCap1]

51% of U.S. economists on the Chicago Booth IGM Forum Economic Experts Panel believe COVID-19 will cause a major recession even if its mortality rate is similar to the flu. Twenty-six percent are uncertain and 5% believe there will not be a recession.

[Axis Capital @AxisCap1]

Apple has been fined $1.2 billion by the French antitrust watchdog for anti-competitive behavior in its distribution and sales network. The iPhone maker has been accused of getting its wholesalers, Tech Data and Ingram Micro, to agree on prices. It can appeal the decision.

[Axis Capital @AxisCap1]

Friday's Headlines📈
#MarketUpdate
1. European and U.S. markets spike after worst day since '87
2. Central banks spending trillions to halt slide

[Axis Capital @AxisCap1]

Cryptocurrencies are taking a serious beating. Bitcoin fell 48% in 24 hours to its lowest level since April 2019. It briefly dipped below $5,000 and has climbed back up to reach $5,794.68.

[Bank of Uganda @BOU_Official]

Exchange Rates Friday, March 13, 2020

[Axis Capital @AxisCap1]

Banks to review ATM fees https://t.co/LWp7amCMbV

[Uganda Revenue Authority @URAuganda]

Kindly note that the stamp duty fees payable following the success of this transaction is approximately Shs 13,500,000/- at a rate of 1.5% of the total asset value of 900,000,000 as stated by the valuer.

[Bank of Uganda @BOU_Official]

Press Digest: Uganda exports to Burundi increase by 26%

Uganda’s exports to Burundi clocked $51.4m in 2019, compared to $40.7m in 2018, indicating an increase of 26%. Over the past 5 years, exports to Burundi have been stable, reflecting plenty of room for growth.@newvisionwire

[Axis Capital @AxisCap1]

Thursday's Headlines📈#MarketUpdate
1. Global markets spiral down as COVID-19 named "pandemic"
2. U.S. markets set to all open in bear territory
3. The economic impact of the U.S. travel ban on Europe
4. $5.6 trillion wiped off of S&P market value in 15 days

[Axis Capital @AxisCap1]

Oil drops as much as 8%, on pace for worst week in more than a decade https://t.co/lpNPv2iYqc

[Axis Capital @AxisCap1]

MTN reports strong financial results and CEO succession process underway https://t.co/k9URZMOTpa

[MTN Uganda @mtnug]

Rob: We recorded progress on various regulatory issues, including the AGF tax matter in Nigeria. Relationships with stakeholders across our markets improved, and we reported our highest employee sustainable engagement score yet. #MTNResults2019

[MTN Uganda @mtnug]

Rob: We also delivered R14 billion of asset realisations within the first 12 months of our programme and MTN Nigeria listed on the Nigeria Stock Exchange. #MTNResults2019

[MTN Uganda @mtnug]

Rob: We launched MoMo in South Africa and Afghanistan and received our super-agent licence in Nigeria, registering more than 100 000 agents by year-end. #MTNResults2019