The euro had fallen after a survey by Germany’s Ifo think-tank showed business sentiment dropped for a second month in April, fuelling concerns about the health of the euro zone’s largest economy. The euro was already vulnerable after German PMI data on Tuesday showed business activity dropping sharply in April. […]
World News
ECB Poised to Cut Rates to Help Recession-hit Euro Zone
The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its policy meeting next week. Senior sources involved in the deliberations say momentum is building for action to help […]
Polymer notes: Economists express divergent views
Economists have expressed divergent views on the decision by the Central Bank of Nigeria to withdraw polymer notes from circulation soon and replace them with paper notes. While some experts, who spoke to our correspondents in an interview on Tuesday, agreed with the decision, others blamed the CBN for performing […]
