By Agency reporter Thursday, 18 Nov 2010 Portugal‘s borrowing costs increased at an auction of ¤750m ($1.01bn) of 12-month bills, with demand falling as Europe‘s fiscal crisis weighed on investors, Bloomberg reported on Wednesday. The securities, due November 18, 2011, were issued today at an average yield of 4.813 per cent, […]

By Stanley Opara Thursday, 18 Nov 2010 The Alliance of African Institutes of Bankers has elected Dr. ‘Uju Ogubunka as its chairman. AAIOB is the continental body of all Institutes of Bankers in Africa. Ogubunka was elected chairman of the Institute at a special annual general meeting of the continental body […]

By Agency reporter Thursday, 18 Nov 2010 The number of United States mortgage applications dropped the highest last week, as an increase in borrowing costs caused refinancing to plunge. The Mortgage Bankers Association‘s index fell by 14 per cent in the week ended November 12, the Washington-based group said on Wednesday. […]