U.S.-based Chevron Corp (CVX.N) will receive bids on September 30 from prospective buyers of three oil blocks in the Niger Delta, with several local Nigerian firms in the running, industry sources told Reuters on Tuesday. Oil industry sources estimate the mean value of the three blocks combined at $500 million […]
Tag: US
Regulator sues Morgan Stanley, eight others over faulty securities
A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing. Morgan Stanley and Morgan Stanley Capital I Inc, Barclays, JPMorgan Chase & Co’s unit Bear Stearns, Credit […]
IMF Affirms Eurozone Economy Growing
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Thursday said that the euro area is beginning to record economic growth; though more needs to be done. Lagarde made this disclosure in her speech “The Interconnected Global Economy: Challenges and Opportunities for the […]
