* Yen hits fresh lows against dollar on BOJ report * Euro, Italian assets edge up ahead of election outcome * European shares extend recovery, up 0.2 pct * HSBC’s Chinese factory PMI falls in February The yen hit a 33-month low against the dollar on reports that a […]
World News
Japan likely to nominate ADB’s Kuroda as Bank of Japan head: sources
Japan’s prime minister is likely to nominate an advocate of aggressive monetary policy easing – Asian Development Bank President Haruhiko Kuroda – as the next central bank governor to step up his fight to finally rid the country of deflation. Shinzo Abe won a big election victory in December promising […]
External reserves hit $47bn
The nation’s external reserves, which have risen steadily since last year due to reasonably high oil prices and stability in the foreign exchange market, rose higher to $47bn on February 21, 2013. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves recorded $2.68bn appreciation […]
