* Reliance on dollar-based oil makes naira hard to gauge * Dwindling reserves reduce room to defend naira * Devaluation possible, not a one-way bet -analysts “What is a cynic?” asks Cecil Graham in the Oscar Wilde play “Lady Windermere’s Fan”. “A man who knows the price of everything and […]
Author: InvestAdvocate
Citigroup reports fraud in Mexico unit, lowers 2013 results
Citigroup Inc (C.N) said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The company said in a statement the matter involved about $585 million in short-term credit extended by its Banamex unit to Oceanografia SA de […]
Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund
Washington, D.C. Thursday, February 27, 2014 Webcast of the press briefing MR. RICE: Good morning, everyone, and welcome to this regular press briefing on behalf of the International Monetary Fund. I’m Gerry Rice the Director of Communications at the IMF. I will begin this morning talking about some management travel […]
