The yen plumbed a 2-1/2 year low against the dollar on Monday, grabbing the Asian spotlight amid subdued trading for the region’s stock markets, with the focus on Japan’s central bank as it faced unrelenting political pressure to deliver bold stimulus. Prime Minister Shinzo Abe on Sunday said the Bank […]
Author: InvestAdvocate
Transocean says Icahn acquired 1.56 percent stake, seeks more
Transocean Ltd (RIG) has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Icahn is seeking regulatory approval to acquire shares worth more than $682.1 million, according to a statement on Transocean’s Web site. […]
More security agencies to quit pension scheme
Virtually all security agencies including the police, have begun a gradual process of pulling out of the Contributory Pension Scheme, a development which industry watchers say poses a major threat to the pension programme. Some top managers of Pension Funds Administrators told our correspondent on Friday that the Nigeria Police […]
