Author: InvestAdvocate

Exclusive: Euro zone may drop bondholder losses from ESM bailout

Euro zone states may ditch plans to impose losses on private bondholders should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday. Discussions are taking place against a backdrop of flagging market confidence in the region’s […]

Nigerian interbank rates ease on cash inflow

Nigeria’s interbank lending rates eased this week to an average of 14.83 percent from last week’s 15.50 percent after a portion of public sector wages hit the system and helped boost liquidity, traders said on Friday.  Traders said about 95 billion naira were released on Friday, helping to ease liquidity […]

Stock futures signal lower open for equities

Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.3 to 0.7 percent. U.S. stock markets were closed for the Thanksgiving holiday on Thursday and will be open […]