By Agency Reporter Thursday, 10 Feb 2011 Stocks fell, sending emerging markets down for a fifth day, amid concern that accelerating inflation would push up borrowing costs. Bloomberg News reported that the MSCI Emerging Markets Index lost 1.4 per cent in New York to extend its longest slump since November. The […]

By Udeme Ekwere with agency report Thursday, 10 Feb 2011 The Debt Management Office on Wednesday said it planned to raise N66.5bn in sovereign bonds. Reuters reported that the instruments would be issued in three-year and five-year bonds next week, in the DMO’s second debt auction of the year. The debt […]

By Agency Reporter Thursday, 10 Feb 2011 NEW YORK: Allstate Corporation, the largest publicly traded United States home and auto insurer, is exiting the banking business and will sell about $1.1bn in deposits to Discover Financial Services as regulators increase scrutiny of the industry, Bloomberg reported on Wednesday. Discover will provide […]