(Reuters) – Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company’s one-third stake in Asian insurer AIA fell. It was the 10th time in […]

ATHENS, Greece (AP) — Greece’s prime minister abandoned his explosive plan to put a European rescue deal to popular vote Thursday, keeping his government alive — but passionate squabbling in Athens left the country’s solvency in doubt and the eurozone in turmoil. Prime Minister George Papandreou reversed course after a […]

All eyes are likely to be on Nigeria’s central bank next week to see whether it is going to allow the mid-point of its naira trading band to weaken, while Kenya’s shilling is likely to gain on the back of aggressive monetary tightening. NIGERIA The naira is likely to depreciate […]