By Agency Reporter Tuesday, 4 Jan 2011 South Africa‘s rand touched a near 3-1/2-year high against the dollar on the first trading day of 2011 on Monday, backing the case for another interest rate cut later this month. Reuters data showed the rand briefly went to 6.55/dollar, its strongest level since […]

By Agency Reporter Tuesday, 4 Jan 2011 The Ugandan shilling was unchanged against the dollar on Monday as business got off to a slow start after end of year festivities. Commercial banks in Kampala quoted the local currency at 2,310/2,315, the same level it closed on Friday, Reuters said on Monday. […]

By Agency Reporter Tuesday, 4 Jan 2011 Bank of America Corporation said it agreed to pay Fannie Mae and Freddie Mac, $2.8bn, to settle claims that it sold the mortgage finance companies bad home loans. Reuters reported on Monday, that the Bank of America shares climbed 4.5 per cent in early […]