By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Ecobank Transnational Incorporated (ETI) Monday said it has engaged the services of Global Board Centre of the renowned Swiss business school, the International Institute for Management Development (IMD) and EY, the global international professional services firm formerly known as Ernst and Young. This is contained […]
Author: InvestAdvocate
Global stocks rise, dollar falls as Fed rate path reassessed
World stocks rose towards a six-year high on Monday and the dollar and bond yields slipped as last week’s weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer. Emerging markets were one of the biggest beneficiaries, having previously been under pressure […]
CIMB in $1.1 bln cash call to boost capital base, take on rivals
* Shares suspended pending an announcement * CIMB offering new shares at up to 2.7 pct discount to Friday close * CIMB common tier 1 ratio is below larger banks * Capital raising could boost tier 1 by 1-1.5 pct pts-UBS (adds CIMB’s core tier 1, analyst quotes on fund […]
