September 30, 2010 by MICHAEL R. CRITTENDEN and BOB DAVIS WASHINGTON—The House of Representatives by a wide margin passed legislation to penalize China’s foreign-exchange practices, sending a powerful warning to Beijing but risking a response that could harm U.S. companies and consumers.     The measure would allow, but […]

  Thursday 30 September 2010, Larry Elliott, Economics editor   • IMF says agencies must be clearer about conflicts of interest and risk assessment mechanisms • EU finance ministers to discuss tightening rules governing credit rating agencies   Credit rating agencies should act to lift the “cloud of suspicion” that has […]

  By Stanley Oronsaye September 30, 2010   Nigeria’s foreign reserves dropped to $35.66 billion as at Monday, the lowest level in over four years.The reserves, which peaked at $62.24 billion in mid-May 2008, have fluctuated ever since due to huge withdrawals by government. The last time the reserves stood […]