The Trading Room

The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is selling it at 167 SSP.

National Australia Bank’s Tapas Strickland said the moves in the yuan were likely driven by the rule change “which makes it less expensive to short the (Chinese yuan) and signals less (concern) about currency weakness.”

The Derivatives Market of the NSE closed the week with a total of 6 contracts valued at Kes.216,000 concluded in this week’s trading session, this was a further decline from last week’s value of Kes...

Global markets were mixed during the week, posting declines earlier in the week and closing later higher, mixed with optimisms on the U.S elections and the health of the U.S President Donald Trump on the...

“The direct flights will be an integral part of boosting the economy and tourism sector in our county,” said Dorothy Nyong’o, First Lady, Kisumu County.