The dollar rose against most currencies on Monday in thin trading, and held its gains even after President Barack Obama said a deal was in sight to avert a fiscal disaster that would have meant tax hikes and spending cuts for the world’s largest economy. The dollar could come under […]
World News
Dollar rises on “fiscal cliff” uncertainty
The dollar rose against major currencies on Monday as growing concern Washington would fail to reach a last-minute deal to avert the “fiscal cliff” drove investors to the safe-haven U.S. currency. U.S. Senate Majority Leader Harry Reid said on Monday, ahead of a midnight deadline, that congressional negotiators still needed […]
Fitch, GCR Assign UBA Positive Ratings
The United Bank for Africa (UBA) Plc has said it was given impressive ratings by two leading rating agencies- Global Credit Rating Company (GCR) and Fitch Ratings (Fitch). A statement from the bank at the weekend said the ratings attested to the group’s strong liquidity, solid risk management and robust […]
