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Tag Archives: shun

‘Why banks shun CBN’s incentives’

Nigerian banks are proving reluctant to take advantage of new rules aimed at boosting loans to the country’s agriculture and manufacturing industries, Bloomberg reported yesterday. The measures introduced by Central Bank of Nigeria (CBN) in August in the hope of stimulating growth, allow banks to use funds that are otherwise sitting in their statutory cash reserves to finance certain projects, ...

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‘Why banks shun CBN’s incentives’

Nigerian banks are proving reluctant to take advantage of new rules aimed at boosting loans to the country’s agriculture and manufacturing industries, Bloomberg reported yesterday. The measures introduced by Central Bank of Nigeria (CBN) in August in the hope of stimulating growth, allow banks to use funds that are otherwise sitting in their statutory cash reserves to finance certain projects, ...

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Tech stocks lead Wall St. slump as investors shun risk

(Reuters) – Wall Street tumbled on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping risk appetite. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid

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Powell's Fed to show policy caution, shun political friction

WASHINGTON (Reuters) – Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for? FILE PHOTO: Federal Reserve Chairman Jerome Powell delivers the semi-annual Monetary Policy Report to the House Financial Services Committee ...

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Mexico, Canada shun NAFTA autos counteroffers: sources

MEXICO CITY (Reuters) – Divisions over updating the NAFTA trade deal showed no sign of easing on Sunday as Mexico and Canada signaled they would not offer counterproposals to U.S. demands for far stronger automotive content rules, people with knowledge of the talks said. Flags are pictured during the fifth round of NAFTA talks involving the United States, Mexico and ...

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Tenth of young adults shun cash, says UK Finance

A tenth of young adults shun cash and rely instead on cards and digital payments for their day-to-day spending, figures suggest. More than one in 10 people aged between 25 and 34 used notes and coins no more than once a month last year, according to UK Finance. The trade body for financial providers said nearly three million people rarely ...

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