Major stock markets fell on Monday as investors booked profits on recent strong gains, while the euro slipped from multi-month highs against the dollar and yen on political uncertainty in Spain and Italy. Oil prices retreated from 4-1/2-month highs as investors paused for breath after a rally powered by signs […]
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NSE admits Lagos’ N80bn bond
The Nigerian Stock Exchange has admitted the Lagos State Government’s N80bn into the Daily Official List. According to the NSE report for the week ended February 1, 2013, the 14.5 per cent Fixed Rate Series 1 bond, which is due in year 2019, was listed on Friday. Also, a total […]
Pension funds sue Blackrock, allege “looting” at iShares
Two pension funds filed a lawsuit against Blackrock, alleging that the world’s biggest asset manager had “looted” securities-lending revenues from iShares exchange-traded funds investors, and breached its fiduciary duties. In the suit, the Laborers’ Local 265 Pension Fund of Cincinnati and the Plumbers and Pipefitters Local No. 572 Pension Fund […]
