By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Tuesday at the United Nations in New York said that if environmental degradation is not checked, it can hurt the economy and the world’s poorest nations will be hit soonest and hardest. Lagarde said […]
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U.S. to get coveted Alibaba IPO after Hong Kong talks founder
Chinese e-commerce giant Alibaba Group Holding Ltd will pursue an IPO in the United States after talks with Hong Kong regulators broke down, a move bound to set off a dogfight between the two main U.S. stock boards for the offering. The loss of the sale, which bankers have estimated […]
U.S., UK to fine ICAP, charge staff over Libor scam
U.S. and British authorities are hours away from fining ICAP, the world’s biggest interdealer-broker, and charging current and former staff in connection with the manipulation of the Libor benchmark interest rate. The rate rigging scandal, which has laid bare the failings of regulators and bank bosses, has already seen three […]
