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Gold hits record high on euro zone debt fears

By Agency Reporter Wednesday, 10 Nov 2010 LONDON: Gold surged to a record high for the fourth day running on Tuesday, fuelled by renewed concern over high sovereign debt in euro zone countries such as Ireland and Greece and inflationary pressures. Silver, according to a Reuters report on Tuesday, touched $28.46 […]

HCA plans $2bn dividend

By Agency Reporter Wednesday, 10 Nov 2010 HCA Incorporated the hospital chain acquired four years ago in a $33bn leveraged buyout, plans to issue a $2bn dividend to pay private-equity owners including KKR & Company and Bain Capital LLC. The dividend will be partly funded with a $1.5bn high-yield bond issue, […]

Market capitalisation rises by N110bn

By Gbenga Agbana Wednesday, 10 Nov 2010 The performance indices of the Nigerian Stock Exchange rose marginally on Tuesday, following plans by the Asset Management Corporation of Nigeria to buy off over N2.2tn toxic assets. At the close of trading, the All-share Index of the NSE rose from 24,728.08 points on […]