NEW YORK: Europe‘s sovereign debt crisis will still hang over global markets next week, but on Wall Street, investors will not be afraid to bet on stocks, Reuters reported on Saturday. Wall Street has shown its ability to hold onto gains, or quickly recover from losses this week despite Europe‘s […]

By Agency Reporter Monday, 6 Dec 2010 LONDON: United States-based mining group, Walter Energy Incorporated has sealed a deal to buy Canada‘s Western Coal for C$3.3bn ($3.3bn) to create the world‘s leading producer of metallurgical coal used by steelmakers. According to Reuters on Friday, the deal shows how surging global steel […]

By Agency Reporter Monday, 6 Dec 2010 Nigerian interbank interest rates climbed to 9.91 per cent on average this week from 5.83 per cent last week on a liquidity crunch triggered by a big cash withdrawal by the Nigerian National Petroleum Corporation, traders said on Friday. The secured Open Buy Back […]