Antony Jenkins, chief executive of Barclays, has turned down an annual bonus that could have been worth as much as £2.7m, saying it “would not be right” to accept the award. In a statement to the market, Mr Jenkins said he had “respectfully declined” an unspecified bonus awarded to him […]
Capital Market
Oando shares rebound 10 pct on ConocoPhillips deal
Shares of Nigerian energy firm Oando surged 10 percent on Monday after it said it had ended a long wait to secure funds to acquire the upstream oil and gas business of ConocoPhillips in Nigeria. Oando shares, which dropped nearly 30 percent last week, rose 1.86 naira to 21.11 naira […]
Economic turmoil continues
By martin khor The turmoil of currency decline and capital flight in several developing countries continued, and a re-look into capital controls, Malaysian-style, may be worthwhile. AS the Year of the Horse was ushered in amid Chinese New Year celebrations last week, economic uncertainties continued. The turmoil of currency and […]
