ECONOMY & MARKETS

Nigeria cbank to review naira, likely 155-156/dlr target

Nigeria
Nigeria's Central Bank Governor Lamido Sanusi said on Monday the bank would review its target band for the naira in the next few days, and depending on where the exchange rate settles may move its midpoint to 155/156 to the dollar, compared to its current 150.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi

IMF Sees Slower Kenya Growth, Approves Extra Funds

The International Monetary Fund on Monday trimmed its 2011 growth outlook for Kenya on Monday and backed further funds to boost the country's foreign exchange reserves to help tackle a widening balance of payments gap.
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India's Finance Minister Pranab Mukherjee presents the annual budget, telecast on a large display screen on the facade of the Bombay Stock Exchange (BSE) building, in Mumbai July 6, 2009

BSE Sensex Falls 0.4 pct, Maruti Slips

The BSE Sensex fell 0.4 percent on Monday as investors turned cautious after four straight sessions of gains, amid weak sentiment in Asian markets, with automakers among the key losers after Maruti Suzuki posted a sharp fall in quarterly profit.
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Nikkei Drops After Surge on Yen Intervention

The Nikkei average edged lower, giving up sharp morning gains made after Japanese authorities intervened to curb persistent yen strength as investors locked in profits on concerns the yen won't stay down for long.
An online coupon sent via email from Groupon is pictured on a laptop screen in Los Angeles

Investors Should Avoid Groupon IPO: Report

Investors may want to avoid Groupon Inc.'s high-profile IPO this week because the deals and coupon Web site operator has an unproven earnings record and slow growth, according to Barron's newspaper.
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Kenyan stocks jump 2 pct, shilling inches up

Kenyan shares vaulted 2 percent on Friday to their highest in five weeks as foreign investors trooped back to riskier assets in search of bargains, while the shilling firmed slightly.
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Stocks, euro pause as Europe doubts linger

U.S. and European shares took a breather on Friday after a strong rally on a long-awaited euro zone rescue deal, but a weak sale of Italian bonds showed investor confidence in the agreement was shaky.
HP TouchPad

HP’s webOS, Along With 500 Jobs, All But History?

Hewlett-Packard is set to keep its PC division which it had put up for sale, but it may shut down its webOS division, which was obtained for $1.2 billion in April 2010 when the company bought Palm. As webOS goes, 500 jobs are on the chopping block as well.
Klaus Regling, CEO of the European Financial Stability Facility, speaks during a conference in Lisbon about the future of the Euro

Eurozone Bailout Fund Chief Courts China Investment

The head of the European Financial Stability Facility sought to entice China on Saturday to invest in the bailout fund by saying investors may be protected against as much as one-fifth of initial losses.
European Central Bank President Jean-Claude Trichet waves as he leaves a euro zone leaders summit in Brussels

Eurozone Debt 'Crisis Not Over': ECB President Trichet

European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published Sunday that the Eurozone sovereign debt crisis is not yet over and that it is too early for the all-clear signal.
Oil barrels

Oil Falls on Skepticism Over EU Rescue Plan

Oil prices retreated on Friday in choppy trading as uncertainties about Europe's plan to tackle its debt problems prompted some profit taking after the previous session's rally.
People buy groceries in a supermarket in Zimbabwe"s capital Harare

Kenya yr/yr inflation rises to 18.91 pct in Oct

Annual inflation in Kenya rose more than expected to 18.91 percent in October as food, electricity and fuel prices increased along with transport costs, but analysts said it was close to peaking.
A banner showing a Euro coin is seen on the facade of the European Commission headquarters

How to Play it: Riding Europe's Volatility

Even as details emerge about a Eurozone deal that would see banks and insurers accept bigger losses on Greek bonds and boost the region's bailout fund, setting up for what could happen across the Atlantic won't be easy for investors.
German Chancellor Angela Merkel does not support an inflationary Eurozone policy to ease the pain of austerity in periphery members

European Shares Stay Upbeat on EU Deal Euphoria

European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.

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