Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, posted its fourth consecutive annual loss after earmarking 3.5 billion pounds ($5.8 billion) to compensate clients wrongly sold loan insurance and swaps. The net loss narrowed to 838 million pounds for 2013 from 1.43 billion pounds in 2012, the London-based bank […]
Capital Market
IMF Develop Template for Govt to collect data on Revenues from Natural Resources
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said it has developed a draft template for countries to use for the collection of data on government revenues from natural resources, based on the revenue classifications of the Government Finance Statistics Manual 2001 (GFSM 2001). The IMF said […]
Bank Of England Raises 2014 GDP Forecast, Says ‘Won’t Take Risks With Economic Recovery’
Mark Carney has begun the inflation report. “The recovery has gained momentum,” Carney says. The first phase of forward guidance. The Monetary Policy Committee(MPC) set 7% unemployment rate threshold before even considering whether interest rates should be raise. “Forward guidance is working… uncertainty about interest rates has fallen,” Carney said. […]
