Serrari Group

Japan’s Nikkei Index Drops 3% Amidst Yen Strength and Semiconductor Sell-Off

In a notable downturn, Japanese stocks experienced a significant decline today, with the Nikkei index plummeting as much as three percent. This decline was fueled by a strengthening yen against the dollar and a substantial sell-off in semiconductor stocks. During afternoon trading, the Nikkei index reached a low of 38,496.66 before recovering slightly to close […]

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Regulatory Changes Offer Pension Funds Relief Amid Bond Market Volatility

Pension funds facing challenges in accurately valuing bond holdings amidst market fluctuations have received a reprieve through recent regulatory adjustments by the Retirement Benefits Authority (RBA). Effective December 21, 2023, the RBA implemented amendments allowing pension schemes to exclude unrealized gains or losses from debt instruments when declaring net returns to members. This move addresses […]

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WTO Members Unite to Foster Investment in Developing Nations

Over 120 member states of the World Trade Organization (WTO) have signed the Investment Facilitation for Development (IFD) Agreement, aiming to streamline investment processes in developing and least-developed countries.  Despite initial reservations, the pact received broad support, with 75 percent of WTO members endorsing it. The agreement, unveiled just before the 13th ministerial conference in […]

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Uber Explores $100 Million Investment in Nigerian Startup Moove

Uber Technologies Inc. is currently engaged in discussions to invest in Moove, an African auto-financing startup. Sources familiar with the matter suggest that Uber’s potential investment could range between $75 million and $100 million, as part of a larger funding round. The proposed investment would significantly enhance Moove’s valuation, potentially reaching around $750 million, a […]

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Kenya’s Eurobond Yields Decline as Investor Confidence Grows

Yields on Kenyan Eurobonds have seen a notable decline, marking a shift in investor sentiment as concerns surrounding the country’s debt obligations ease. The interest rates on various Eurobond issues have dropped into single-digit territory, reflecting a more favorable outlook for Kenyan sovereign assets in global financial markets. This positive trend follows the partial payment […]

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Japan’s Nikkei Hits Record Highs, Surpassing 39,000 Mark

Japan’s Nikkei 225 index witnessed a historic surge on Thursday, breaching the coveted 39,000 milestone, driven by a combination of robust corporate earnings and investor-friendly reforms. The index’s remarkable ascent, rising nearly 2% to reach 39,029, marks a significant milestone, surpassing its previous peak achieved in 1989. This surge is part of a broader trend […]

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Sawari Ventures Unveils $150 Million Fund to Propel Egyptian Start-Up Scene

In a strategic move to invigorate Egypt’s burgeoning start-up ecosystem, Sawari Ventures, a prominent venture capital firm headquartered in Cairo, has announced the launch of a $150 million fund dedicated to fostering innovation and growth within the country. Led by CEO and Co-founder Hani Al Sanbati, Sawari Ventures aims to allocate its resources across key […]

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Vestas Sells Stake in Lake Turkana Wind Power Project

Vestas, a leading sustainable energy solutions provider, has announced the sale of its stake in the Lake Turkana Wind Power project (LTWP) in Kenya. The move aligns with Vestas’ strategy of developing wind projects without long-term ownership. LTWP, operational since 2018, supplies about 14% of Kenya’s electricity demand through its 365-turbine complex, making it Africa’s […]

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TSMC and ASML Shares Dip Ahead of Nvidia’s Earnings, Reflecting Market Caution

As Nvidia prepares to unveil its fourth-quarter earnings, the semiconductor market witnesses a cautious stance, reflected in the decline of key players like Taiwan Semiconductor Manufacturing Company (TSMC) and ASML. TSMC, known as the world’s top producer of advanced processors, experienced a modest drop of over 1% in its shares. With clientele including industry giants […]

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