More than a dozen Italian banks, including top lenders UniCredit and Intesa Sanpaolo , tapped 116 billion euros ($143.52 billion) of new three-year loans offered by the European Central Bank, nearly a quarter of the total, three sources with direct knowledge of the matter told Reuters. The ECB’s first ever […]

Homes sales surged in November, adding to hints of recovery, but revisions to data for the last four years showed the housing recession was much deeper than previously thought. The National Association of Realtors said on Wednesday that sales of previously owned homes increased 4 percent from October to an […]

The Nigerian naira fell against the U.S dollar on Wednesday, to its weakest since Oct 10, as the central bank closed its official foreign exchange window for the year, putting pressure interbank market dollar supplies.  The naira currency eased to 163.30 to the dollar on the interbank, its weakest in […]