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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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Buhari requests Senate’s confirmation of Aishah Ahmad as CBN deputy governor.

President Muhammadu Buhari is seeking the Senate’s confirmation of Mrs Aishah Ahmad’s appointment as a deputy governor in the Central Bank of Nigeria (CBN).
In a letter to the hallowed chamber read by Deputy Senate President Ike Ekweremadu, who presided over Thursday’s plenary, Buhari said, if confirmed, Ahmad would replace a deputy governor, who retired early this year.
‎Buhari’s request for the confirmation of Ahmad is in accordance with the provisions of Section 8 of the Central Bank of Nigeria (Establishment) Act 2007.
‎“I have the pleasure to present Mrs Aisha Ahmad for confirmation as Deputy Governor of Central Bank of Nigeria, replacing one of the bank’s deputy governors, who retired earlier this year.”
Meanwhile, the Upper Chamber has begun consideration of President Buhari’s request for the approval of an external loan of 2.5 billion dollars to finance the 2017 Appropriation Act and another 3 billion dollars to re-finance domestic debts.

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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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