Showing posts with label central. Show all posts
Showing posts with label central. Show all posts

Thursday, August 7, 2014

Maidan Unrest Back to Life as Activists Clash With Police on Central Kiev Square

Clashes among activists and police broke out Thursday on central Kiev's Maidan Square, the flashpoint of the country’s pro-EU uprising in November 2013.
Activists were seen throwing stones and sticks at police and firemen in a bid to force them out of the square.
A RIA Novosti correspondent said that tires were set ablaze, with sounds of what appeared to be an explosion heard in downtown Kiev. Thick smoke has blanketed the square, where a protest camp was set up less than a year ago.

Friday, February 22, 2013

Armed group kills 10 in central Nigeria - official

Feb 22 (Reuters) - Armed men shot or hacked to death 10 people in a village in central Nigeria's Plateau state, a government official and witness said on Friday, in a region with a long history of ethnic violence.
Men carrying rifles and machetes stormed Kogom village on Thursday afternoon, killing six adults and four children, said Habila Musa, who witnessed the attack. He said some of the killers were dressed in military uniform.

Wednesday, January 16, 2013

I’ve Never Seen A Country Where The Central Bank Sells Dollars To Bureau De Change – Boyo

A foremost Nigerian economist, Mr. Henry Boyo has accused the Central Bank of Nigeria of implementing faulty monetary policies that are holding the Nigerian economy to ransom. Mr. Boyo made the remarks at the ‘Nigeria Fiscal and Monetary Crisis: The Way Out,’ which was organized by the Save Nigeria Group in order to mark the one-year anniversary of the Occupy Nigeria movement. According to him, “I’ve never seen a country where the Central Bank sells Dollars to Bureau de Change,” said Mr. Boyo… We even pride ourselves with giving agricultural loans at the rate of seven per cent, whereas in serious economies, it is as low as zero per cent.”

Sunday, September 30, 2012

Energy fuels euro inflation

Euro zone inflation accelerated in September as energy costs soared but core prices stayed low, likely leaving the European Central Bank on track to cut interest rates soon, Reuters reported.

Consumer prices in the 17 countries sharing the euro rose 2.7 per cent year-on-year, the European Union’s statistics office Eurostat said on Friday in a first estimate that marked a rise from 2.6 per cent in August.

Markets had expected inflation to ease to 2.5 per cent.

Energy prices jumped 9.2 per cent after a 8.9 per cent rise the previous month.

Core inflation, excluding both energy and unprocessed foods, fell to its lowest level in a year of 1.7 per cent in August, the latest month for which the data has been published.

Together with recent data indicating that the euro zone economy entered a recession in the third quarter, Friday’s inflation reading kept intact expectations that the ECB will not wait long before delivering a growth-boosting rate cut.

“It seems highly likely that the ECB will take interest rates down from 0.75 per cent to 0.50 per cent in the fourth quarter,” said Howard Archer, economist at IHS Global Insight.

“While the ECB could act as soon as its October meeting next Thursday, we lean towards the view that they will probably hold off to November.”

Just 14 of 73 economists polled by Reuters this week expect the ECB to cut rates when it meets next Thursday but a majority expect the bank to have lopped off 25 basis points by the end of the year.

The ECB kept its main interest rate unchanged at a record low of 0.75 per cent at its meeting earlier this month, taking another policy-easing route by agreeing to launch a new and potentially unlimited bond-buying programme.

More Stories in International Business

US Secretary of State Hillary Clinton

Source : punchng[dot]com


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