The Trading Room

KDIC says the new limit will cover 99 per cent of depositors with funds in banks and deposit-taking microfinance institutions. 

Pfizer Inc’s shares rose more than 3% after the drug-maker said a COVID-19 vaccine being developed with German biotech firm BioNTech showed promise and was found to be well-tolerated in early-stage human trials.

Oil prices slipped in the morning of Asian trading hours on Thursday, with international benchmark Brent crude futures down 0.14% to $41.97 per barrel. U.S. crude futures also declined 0.23% to $39.73 per barrel.

The secondary bond market on the Nairobi Securities Exchange recorded a moderate decline in activity with bonds worth Kes 2.35 Billion achieved in 119 deals on the market as compared to the Kes 2.43 Billion achieved in 99...

The Standard & Poor’s 500 soared nearly 20% in the second quarter, its best quarterly gain since 1998. It climbed 1.5% Tuesday to 3,100.29. The Nasdaq Composite rallied 30.6% in the second quarter, its best such...