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IMF revs up financial support for low-income countries

    FRIDAY, 06 AUGUST 2010    The Executive Board of the International Monetary Fund (IMF) has approved unprecedented measures that will sharply increase the resources available to low-income countries in this time of global crisis.   The resources—including from the sale of IMF gold— are expected to boost the […]

Oil prices slide further to $81

    FRIDAY, 06 AUGUST 2010    World oil prices fell in subdued trade on yesterday, the eve of eagerly awaited US non-farm payroll data that will provide a crucial health check on the energy-hungry American economy.Also, prices fell because of the eagerly awaited US jobs data that will provide […]

Why SEC drags 260 entities, individuals to tribunal

    THURSDAY, 05 AUGUST 2010 01:07 IHEANYI NWACHUKWU    First and foremost, the Investment and Securities Act (ISA) in Section 105, prohibits false trading and market rigging transactions in the sale of securities. Section 106 ISA 2007 prohibits price-fixing transactions. Section 110, which is the “catchall” anti-fraud provision to […]