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Ikhazobo links stock market downturn to liquidity squeeze

  -Council prunes applicants to 119 Thursday, 30 September 2010  By Helen Oji   THE Interim Administrator of the Nigerian Stock Exchange (NSE), Mr. Emmanuel Ikhazobo, has attributed the consistent lull in the stock market to liquidity squeeze in the system.   Ikhazobo, in an interview with The Guardian, explained […]

House Lashes Out at China

  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 […]

IMF urges credit rating agencies to provide greater clarity

  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 […]