Author: InvestAdvocate

Tokyo and Osaka stock exchanges to merge

The Tokyo Stock Exchange (TSE) and the Osaka Stock Exchange (OSE) have said they will merge to combat slowing market conditions in Japan. The move will create the third-largest bourse in the world, and the largest in Asia. Talks of a merger began after Japan lost its place as the […]

Nigeria naira steady after CBN moves target band

The Nigerian naira steadied against the U.S. dollar at the interbank market on Tuesday while yields on 3-year bonds fell after the central bank lowered its target trading band for the currency and kept benchmark interest rates on hold.  The central bank moved the band it wants the local naira […]

Economy grew at 2 percent rate in third quarter

WASHINGTON (AP) — The U.S. economy grew more slowly over the summer than the government had earlier estimated because businesses cut back more sharply on restocking of shelves. The Commerce Department said Tuesday that the economy expanded at an annual rate of 2 percent in the July-September quarter, lower than […]