The Nigerian naira steadied against the U.S. dollar at the interbank market on Tuesday while yields on 3-year bonds fell after the central bank lowered its target trading band for the currency and kept benchmark interest rates on hold. The central bank moved the band it wants the local naira […]
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Economy grew at 2 percent rate in third quarter
WASHINGTON (AP)  The U.S. economy grew more slowly over the summer than the government had earlier estimated because businesses cut back more sharply on restocking of shelves. The Commerce Department said Tuesday that the economy expanded at an annual rate of 2 percent in the July-September quarter, lower than […]
FDIC: Bank earnings hit highest level in 4 years
WASHINGTON (AP)  Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The Federal Deposit Insurance Corp. said the banking industry earned $35.3 billion in the third quarter. […]

