By MARTIN CRUTSINGER, AP Economics Writer  WASHINGTON – President Barack Obama sent Congress a $3.73 trillion budget Monday that holds out the prospect of eventually bringing deficits under control through spending cuts and tax increases.   But the fiscal blueprint largely ignores his own deficit commission’s view that the nation is imperiled unless […]

By ANDREW MONAHAN TOKYO — Japan ceded its spot as the world’s second biggest economy to China in 2010, with a contraction in the fourth quarter as the strong yen contributed to an export slump, the end of auto subsidies depressed car purchases and a new tobacco tax hit cigarette […]

By Emele Onu 14 Feb 2011   The opening balance of banks at the interbank naira market, which is a key measure of the liquidity of the system, crashed at the weekend to about N15 billion from N124 billion the previous week. When the market was awash with liquidity last year, […]