Britain’s Tesco (TSCO.L) is to lend U.S. billionaire Ron Burkle’s Yucaipa investment company 80 million pounds ($126 million) to take the loss-making Fresh & Easy stores off its hands, marking the end of a six-year attempt to crack the U.S. market. Tesco, the world’s third largest retailer, said on Tuesday […]
Tag: US
Nigerian naira falls on tight dollar supply
The Nigerian naira weakened further on Wednesday on the back of strong demand for the dollar even as the central bank pledged that it had no plans to devalue the local currency. The naira fell to 163.6 to the dollar on the interbank compared with 162.95 a dollar the previous […]
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 […]
