Financial Services
Nigerian cash crisis brings pain: ‘Everything is just tough'
Like many people in Nigeria, Godgift Inemesit’s savings are trapped in a bank
Scholar nominated to follow Kuroda as Bank of Japan chief
Kazuo Ueda, an economist and former member of the Bank of Japan's policy board, has been nominated to be the next central bank governor
Ford to build $3.5B electric vehicle battery plant in Mich.
Ford Motor Co. plans to build a $3.5 billion electric vehicle battery plant about 100 miles west of Detroit that would employ about 2,500 people
Wall Street drifts, heading for worst week since December
Stocks are drifting as Wall Street nears the end of its worst week since December
Mexico's inflation rises, leading to interest rate hike
Mexico's inflation rate rose in January to 7.91%, leading the country's central bank to boost its principle interest rate to 11%
Swedish central bank again raises key rate to hit inflation
Sweden’s central bank has raised a key interest rate and 0_5 percentage points to 3% to combat inflation, saying it “is far too high and has continued to rise.”
Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q
Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year
Adani woes spur protests as stock turmoil turns political
Hundreds of demonstrators from India’s main opposition party have gathered in New Delhi and other cities to demand regulators investigate allegations of fraud and stock manipulation by India's second-biggest conglomerate, headed by coal mining tycoon Gautam Adani
Bank of England poised for big rate hike to tame inflation
The Bank of England is expected to raise interest rates by as much as half a percentage point
Targeting Iran, US tightens Iraq's dollar flow, causing pain
In recent weeks, Iraq’s currency has taken a plunge, largely as a result of newly imposed measures that have restricted dollar transfers from the United States