By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) will on Wednesday January 15, 2014 unveil its 2014 outlook as it review’s its activities in year 2013. The NSE had in its 2013 outlook said it’s up with key initiatives that are tied to the Exchange’s “five pillars” transformation […]
Capital Market
CIMB in $1.1 bln cash call to boost capital base, take on rivals
* Shares suspended pending an announcement * CIMB offering new shares at up to 2.7 pct discount to Friday close * CIMB common tier 1 ratio is below larger banks * Capital raising could boost tier 1 by 1-1.5 pct pts-UBS (adds CIMB’s core tier 1, analyst quotes on fund […]
Fund managers remain bullish on Malaysian bonds despite QE tapering
Fund managers remain bullish on the local bond market despite the possibility of further hikes in Malaysian bond yields resulting in higher borrowing costs from the US Federal Reserve’s (Fed) move to cut monthly bond purchases coupled with inflationary pressure in the domestic market. Areca Capital Sdn Bhd chief investment […]
