The naira weakened against the United States dollar on the inter-bank market on Monday, on strong demand by some banks filling their customers’ needs for dollars, as dollar liquidity gradually dries up in the market. The naira closed at N157.90 to the dollar compared with the N157.30 to the dollar […]

Greece implemented the biggest debt writedown in history on Monday, when it swapped the bulk of its privately-held bonds with new ones worth less than half their original value. A Finance Ministry statement said bonds issued under Greek law with a total face value of euro177.2 billion ($232.5 billion) were […]

Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks. The third-largest U.S. bank may receive permission to increase its penny-per-share quarterly dividend, analysts say, something long-suffering shareholders have been waiting for […]