European shares rebounded and safe-haven German government bonds fell early on Monday after Cyprus clinched a last-ditch deal with lenders to bail out the debt-ridden island and avert a collapse of its banking system. In the early hours of Monday morning Cypriot policy-makers agreed a deal with the European Union, […]
Author: InvestAdvocate
Last-minute Cyprus deal to close bank, force losses
Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro bailout. The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations […]
UAC acquires 51% stake in Livestock Feeds
UAC of Nigeria Plc, a diversified conglomerate in the country, has announced the acquisition of majority stake in Livestock Feeds Plc. Livestock Feeds, a company that produces animal feeds, is quoted in the agricultural sub-sector of the Nigerian Stock Exchange’s Daily Official List. A statement by UACN on Friday explained […]