By investadvocate Dec 11 2010 09.56 GMT Lagos (INVESTADVOCATE)-Dangote Industries Limited is set to invest $400 million (N60 billion) in Zambia Cement Factory.  This was contained in a Statement made available to investadvocate by the Dangote Group over the weekend in Lagos Nigeria.  The Statement affirmed that the […]
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BofA looks to sell toxic mortgages worth $1 billion: report
– Mon Dec 13, 10:00 am (Reuters) – Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, citing sources.  Bids are due by the end of December for the assets, which includes already written-off loans and mortgage-servicing rights, the paper […]
Oil rises above $88 as OPEC leaves output stable
By ALEX KENNEDY, Associated Press SINGAPORE – Oil prices rose above $88 a barrel Monday in Asia afterOPEC left its crude output quotas unchanged, citing slowing demand and abundant supplies.  Benchmark oil for January delivery was up 34 cents to $88.13 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. […]
