Uncategorized

Estonia joins euro as currency expands

By Agency Reporter Monday, 3 Jan 2011 Estonia has become the first former Soviet republic to join the euro, putting at least a temporary cap on the currency bloc‘s expansion as the sovereign debt crisis ripples through Europe. Wedged between Russia and Latvia on the Baltic Sea, Estonia, according to Bloomberg […]

Venezuelans fret over prices after devaluation

By Agency Reporter Monday, 3 Jan 2011 Venezuelans are worried on Friday that a second devaluation of their currency in 12 months would make life even harder as the socialist government of President Hugo Chavez struggled to turn the economy around. Already suffering one of the world‘s highest inflation rates and […]

Unity Bank gets shareholders’ approval on divestment

By Stanley Opara Monday, 3 Jan 2011 The Board of Directors of Unity Bank Plc has been authorised by the shareholders of the bank to divest the bank’s investments in non-banking subsidiaries and associated companies. The investments, worth more than N6bn, are currently held in seven subsidiaries, three associated companies and […]