Irish Bank Slumps On Deferred Payments
An Irish bank shares dropped on the news that the government may slash initial payments to lenders, under a strategy to purchase 90 billion euros of credit from them. Allied Irish Banks Plc declined as much as 18% to 2.30 euros as of 9:23 a.m. today, whereas the Bank of Ireland Plc fell 17% to [...]
Read MoreKenyan Stocks Decline By 0.6%
Nairobi’s all-share price index declined for a consecutive seventh day, its longest fall in five and a half months, retreating 0.34 cents points, or 0.61% at 10:45 a.m. Share prices of 7 companies surged, 17 dropped and 31 remained unchanged. These were amongst the most active stocks on Kenyan Stock Exchange today: AccessKenya Group Ltd., [...]
Read MoreImphala’s Recession In Platinum Metal
Impala Platinum Holdings Ltd., the second major manufacturers of the metal, said that the biggest loss in demand of platinum is over as car-makers, expecting a recovery in sales, may increase demand of the raw-material for use in auto-catalysts. The company reported its earnings in the financial ended in June dropped 66% to 6.02 billion [...]
Read MoreSouth African Inflation Rate Declines
South Africa’s inflation rate dropped to a two-year low by 6.7% in July, as the country’s first recession in 17 years forced retailers to cut price increases. The infblation lowered from 6.9% in June as reported by Pretoria-based statistics office in Johannesburg today. The economists estimated the inflation rate to fall by 6.6%. The Reserve [...]
Read MoreUK Credit Approvals Rose In July
U.K. credit grants increased to the highest level in July since February 2008, the British Bankers’ Association announced today in London. Credit grant for home loans increased to 38,181 in July as compared with 35,564 in June. The gross lending increased to 8.4 billion pounds from 8.1 billion pounds last month. “The numbers of mortgages [...]
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