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Feds turn up heat on Wall St., raid 3 hedge funds

By DANIEL WAGNER and LARRY NEUMEISTER WASHINGTON – Federal investigators have turned up the heat on Wall Street, raiding three hedge funds in what one of the targets called a wide-ranging probe of insider trading.   The FBI on Monday searched the New York offices of Level Global Investors LP, […]

N22.5bn Debt: Union Bank Asks Court to Stop Banks from Dealing with NICON

Union Bank of Nigeria Plc has asked Justice Mohammed Idris of the Federal High Court in Lagos for an order of interlocutory injunction restraining NICON Investment Limited, Global Fleet Oil and Gas Limited and their promoter, Barrister Jimoh Ibrahim from presenting to the 24 commercial banks any mandate, instruction or […]

Tokyo Steel keeps December prices for most products

By Agency reporter Tuesday, 23 Nov 2010 Tokyo: Tokyo Steel Manufacturing Company, Japan‘s largest electric-furnace mill, maintained December prices for most steel products in response to slowing demand, Bloomberg reported on Monday. Prices for H-beams, used in construction, will be kept at 67,000 yen ($803) per metric tonne and hot-rolled coil […]