Falling inflation and high unemployment puts pressure on European Central Bank to cut rates Pressure is mounting on the European Central Bank to cut interest rates this week after figures Tuesday showed inflation in the euro area at a three-year low and unemployment at another record high. Expectations were already […]
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Union Bank’s earnings rise by 33%
Union Bank of Nigeria Plc has recorded a 33 per cent rise in its gross earnings for the financial year ended December 31, 2012. Its full year results, released to the Nigerian Stock Exchange on Monday, showed that gross earnings rose to N112.8bn. The bank’s profit before tax stood at […]
Deutsche Bank to Raise as Much as $6.3 Billion
Deutsche Bank AG (DBK), continental Europe’s biggest bank, will raise as much as 4.8 billion euros ($6.3 billion) to increase capital as first-quarter profit climbed. The company will issue 2.8 billion euros in stock, or as many as 90 million new shares, with full dividend entitlement for 2012, […]
