By InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) said on Monday it is set to release a departmental paper entitled “Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe.” The Fund said paper prepared by the European Department will be released on Tiesday November 29, 2016. “In the […]
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Oil slip sends dollar, bond yields skidding
November 28, 2016/Reuters By Marc Jones | LONDON The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing “Trumpflation” trades that have gripped markets since the U.S. election. Crude prices […]
FCMB Group Q3 2016 Results Review – Weak Q3 Driven by Marked Spike in Provisions
Culled—Proshare November 28, 2016/FBNQuest Research Neutral rating maintained despite 44% reduction to our PT FCMB Group’s (FCMB) Q3 2016 results came in well behind our forecasts, largely because of a negative surprise in loan loss provisions. Although non-interest income grew strongly (due to fx gains of N17.0bn) and opex declined […]
