By Agency reporter Wednesday, 3 Nov 2010 NEW YORK: MasterCard Incorporated, the world‘s second- biggest payments network, posted third-quarter profit that exceeded most Wall Street estimates, as more consumers paid with credit and debit cards. Net income climbed by 15 per cent to $518m, or $3.94 a share, from $452m, or […]

By Agency reporter Wednesday, 3 Nov 2010 NEW YORK: General Motors plans to sell just over $13bn of shares in its Initial Public Offer, people familiar with the plan said, cutting the United States government‘s stake, while opening the door for investment by overseas state-backed investors. GM will file the terms […]

By Agency reporter Wednesday, 3 Nov 2010 Standard & Poors, an international rating agency, on Tuesday affirmed its B+ long-term rating on Nigeria with a stable outlook. The agency in a statement also affirmed its B short-term foreign and local currency sovereign credit ratings on Nigeria. The statement said, ”The outlook […]