Grupo Televisa stock could rise 20 pct in a year -Barron's
NEW YORK, Feb 26 Shares of Mexican media company Grupo Televisa SAB could surge 20 percent in a year to $30 or more, according to Barron's.
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LAGOS Feb 15 Annual inflation in Nigeria rose in January to 18.72 percent, the National Bureau of Statistics said on Wednesday, its 12th straight monthly increase.
The rise from 18.55 percent in December, its highest in more than 11 years, was driven by surges in food, transport and electricity. A separate food index also rose, to 17.82 percent from 17.39 percent in December, the statistics office said.
Galloping inflation comes as Africa's largest economy grapples with its first recession in 25 years, largely caused by the fall in global oil prices since 2014. Crude oil sales account for 70 percent of government revenue.
In December, President Muhammadu Buhari presented a record 7.298 trillion-naira ($23.97 billion) budget for 2017 aimed at stimulating growth and pulling the economy out of recession. Economists have questioned whether those goals can be reached.
The soaring cost of living in Nigeria, where the United Nations estimates that 70 percent of the population live on a dollar a day, has prompted widespread anger at Buhari's handling of the economy.
(Reporting by Chijioke Ohuocha and Oludare Mayowa, editing by Larry King)
NEW YORK, Feb 26 Slowing sales could cause shares of Harley-Davidson Inc. to decline after being on the rise for much of the past 12 months, according to a Barron's cover story dated Feb. 27.
WASHINGTON, Feb 26 U.S. President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday.