Fri Jan 29, 2016/Reuters By Lucia Mutikani Click here to read full story U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 […]
Tag: Federal Reserve
S&P 500 Tops Its Record Close as Stocks Jump in Ukraine
U.S. equities rose, sending the Standard & Poor’s 500 Index above its record closing level and erasing its 2014 decline, amid confidence the economy is strong enough to weather reductions in monetary stimulus. Industrial metals fell while Ukrainian shares jumped the most since 2010. The S&P 500 advanced 0.8 percent […]
Nigeria c.bank tightens rules for currency dealers to support naira
* Central bank to require dealers to park naira at c.bank before currency auctions * Naira has fallen 2.9 percent so far this year * Dealers say latest move unlikely to halt slide in local currency * Central bank has been selling $800 mln weekly at forex auctions Nigeria’s central […]
