By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF), Saturday in Lilongwe congratulated Malawi for the liberalisation of its Foreign Exchange Market. This is contained in a Press Statement from the IMF and made available to www.investadvocateng.com. Lagarde made this congratulatory remark to […]
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S&P 500 finishes at 5-year high on economic data
The benchmark Standard & Poor’s 500 index ended at a five-year high on Friday, lifted by reports showing employers kept up a steady pace of hiring workers and the vast services sector expanded at a brisk rate. The gains on the S&P 500 pushed the index to its highest close […]
JPMorgan ordered to comply with probe of Madoff
The Treasury Department watchdog ordered JPMorgan Chase & Co to work with U.S. regulators seeking documents in connection with a probe into the bank’s relationship with convicted Ponzi schemer Bernard Madoff, in a warning letter dated December 21. The letter from Treasury Inspector General Eric Thorson to JPMorgan‘s general counsel, […]
