European Union finance chiefs struck an agreement on how to handle failing banks, a step they said would bolster investor confidence and help overcome the euro-area financial crisis. In seven hours of emergency negotiations in Brussels that wrapped up at about 1:30 a.m. today, ministers settled on guidelines for assigning […]
World News
Increase Global Market Interconnectivity, Induce Investors for Higher Yields-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said increase interconnectivity of global capital markets have induced investors to search for higher yields. This is coming on the heels of the 13th IMF Public Debt Management Forum and 3rd U.S. Treasury Roundtable on Treasury Markets and […]
Senegal to issue $500 mln 10-yr Eurobond in 2013 – IMF
Senegal is likely to issue a $500 million 10-year Eurobond this year at an interest rate of about 6 percent, the International Monetary Fund said in a report on Tuesday, though market watchers said the yield might have to be higher. The IMF said the bond would enable the West […]
