The dollar dropped against most currencies on Monday while the yen slid to its lowest in nearly four weeks versus the greenback as better-than-expected manufacturing data from Europe and Japan raised risk appetite and prompted investors to seek assets offering higher returns. Overall the array of data painted a picture […]
World News
CBN reviews Bureaux de Change licence revocation
The Central Bank of Nigeria is reviewing some of the revoked licences of 236 Bureaux de Change operators with a view to ensuring that all complaints by affected companies are properly addressed. The CBN had in January this year revoked licences of 236 BDCs. But the Director, Other Financial Institutions […]
ECB “looking carefully” at forward guidance: report
The European Central Bank is looking carefully at forward guidance but it is too early to say whether it will be used more extensively, executive member of the ECB’s executive board Benoît CÅ“uré told The Times. The method used by the U.S. Federal Reserve and being considered by Britain’s incoming […]
