The Nigerian naira weakened further on Wednesday on the back of strong demand for the dollar even as the central bank pledged that it had no plans to devalue the local currency. The naira fell to 163.6 to the dollar on the interbank compared with 162.95 a dollar the previous […]
Author: InvestAdvocate
EMERGING MARKETS-Central bank moves ease pressure on currencies
Central bank action lifted some emerging market currencies off lows on Wednesday but higher U.S. yields and the likelihood of military action against Syria kept the sector under pressure. Emerging stock markets were flat after Tuesday’s U.S. manufacturing data supported the view that the Federal Reserve would start rolling back […]
Investors pull $7.7 billion from Pimco Total Return in August: Morningstar
The Pimco Total Return Fund, the world’s largest bond fund, had $7.7 billion in net cash outflows in August, marking the fourth straight month of withdrawals from the fund, estimated data from Morningstar showed Wednesday. Outflows from the fund, which is run by Pimco founder and co-chief investment officer Bill […]
