Kenyan Treasury bill yields may fall next week in over-subscribed auctions, while Nigerian yields may rise on lower demand, traders said. KENYA In Kenya, the central bank will auction next week 91-day , 182-day and 364-day Treasury bills worth a total of 9 billion shillings ($104.03 million). At this week’s […]
Author: InvestAdvocate
BlackBerry loss less than feared, but revenue plunge worries
BlackBerry Ltd reported a smaller-than-expected loss on Friday as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored the challenge he faces in turning around the struggling smartphone maker. The Canadian company, which has lost most of the smartphone market to Apple Inc’s iPhone […]
UBS suspends U.S.-based forex trader in manipulation probe
Swiss bank UBS AG has suspended U.S.-based veteran currency trader Michael Velardi, one of up to six traders placed on leave this week, pending ongoing international investigations into allegations of collusion and market rigging, a source familiar with the matter said on Friday. Velardi, 52, who joined Swiss Bank Corp […]
