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Investors lose N100bn in three days

By Udeme Ekwere Thursday, 4 Nov 2010 Investors in the Nigerian capital market have lost a total of N100bn in the last three days. The market capitalisation of the listed equities fell by 1.3 per cent from the N8.013tn recorded on Monday, to N7.913tn, translating into a loss of N100bn. Similarly, […]

US Treasury to offer $72bn in long-term bonds

Thursday, 4 Nov 2010 By Agency Reporter Washington: The United States Treasury Department plans to sell $72bn in its quarterly sales of long-term debt next week, as lower projected budget deficits have allowed the government to reduce borrowing. Bloomberg reported that the Treasury said it would auction $32bn in three-year notes […]

Investec cuts overweight holdings in S/African banks

By Agency Reporter Thursday, 4 Nov 2010 CAPE TOWN: Investec Asset Management, a unit of Investec Plc that oversees about $70bn, said some of its funds exited Absa Group Limited. and reduced holdings in Standard Bank Group Limited after valuations became ”stretched.” ”By the middle of the year it had become […]