Benchmarks suffered losses after investors booked profits and transferred investments from stocks into bonds. Meanwhile, a bunch of domestic results were reported on Friday, providing mixed signals to investors. The official Purchase Manager’s Index (PPMIQ) of the world’s second-largest economy, China, came in above market expectations while high unemployment and […]
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Bank of America $8.5 billion settlement heads for court showdown
A long-running fight comes to a head on Monday when court proceedings begin over an $8.5 billion settlement between Bank of America Corp and investors in mortgage securities that turned sour in the financial crisis. Bank of America agreed to the proposed settlement in June 2011 to resolve claims by […]
Nigeria to Sell Inflation-Linked Bonds Within 4 Years, DMO Says
Nigeria plans to sell inflation-linked bonds to address the concern of investors about the impact of inflation on the domestic debt market, the Debt Management Office said. “The inflation-linked bond is part of our 2013 to 2017 strategic plan,†Abraham Nwankwo, director general of the agency known as DMO, told […]
