Portugal official says government has set no date yet for a formal bailout request LISBON, Portugal (AP) — The Portuguese government says it doesn’t know yet when it will send its formal request for a bailout to European authorities. An official, who spoke in his customary condition of anonymity, told […]

By Agency Reporter WASHINGTON: The Securities and Exchange Commission unveiled a long-awaited plan designed to protect the markets from volatile price swings following the May 6 “flash crash.” According to a report by Reuters on Wednesday, the so-called “limit up-limit down” proposal, announced by the SEC on Tuesday, would require […]

By Chijioke Ohuocha * Latest two tranches priced with 11.8 percent yield * AMCON bonds to be eligible for short-selling * Bad loan ratio to be capped at 5 percent Nigeria‘s state asset management company completed a 1.7 trillion naira ($11 billion) bond issue on Wednesday, attracting yields significantly below […]