By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Standard Chartered Bank, Guaranty Trust Bank Plc (GTBank), and 10 other banks Wednesday signed off a loan deal of $3.3 billion for the proposed construction of the biggest Petroleum Oil Refinery & Petrochemical Plants in Nigeria. According to information obtained by Investdvocate, the plants, which […]
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EMERGING MARKETS-Central bank moves ease pressure on currencies
Central bank action lifted some emerging market currencies off lows on Wednesday but higher U.S. yields and the likelihood of military action against Syria kept the sector under pressure. Emerging stock markets were flat after Tuesday’s U.S. manufacturing data supported the view that the Federal Reserve would start rolling back […]
Investors pull $7.7 billion from Pimco Total Return in August: Morningstar
The Pimco Total Return Fund, the world’s largest bond fund, had $7.7 billion in net cash outflows in August, marking the fourth straight month of withdrawals from the fund, estimated data from Morningstar showed Wednesday. Outflows from the fund, which is run by Pimco founder and co-chief investment officer Bill […]
