By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) – Global investors slashed their holdings of equities below 50 percent this month and piled into cash, reflecting what was lining up to be the worst August for world stocks since 1998. They also lifted exposure to bonds in North America, Britain […]

By Agency Reporter The Federal Deposit Insurance Corporation filed an objection to Bank of America Corporation’s proposed $8.5bn mortgage-bond settlement with investors, joining investors and states that are challenging the agreement. Bloomberg reported on Tuesday, that the FDIC, the receiver for failed banks, owns securities covered by the settlement and […]

By Okechukwu Nnodim Nigeria’s net foreign exchange inflow in the first quarter of 2011 amounted to $1.16bn, an improvement compared to the $2.16bn net outflow recorded in the preceding quarter. The Central Bank of Nigeria, in its Economic Report for the first quarter of 2011, said foreign exchange inflow and […]