BLOOMBERG Nigeria’s loose fiscal and monetary policies are creating excess liquidity, making it difficult for the naira to stabilise against the dollar two months after authorities allowed the currency to trade freely, the International Monetary Fund (IMF) said. Central bank transfers to the government are increasing the naira in circulation, depressing interest rates, discouraging savings and deterring the dollar inflows …

BLOOMBERG European equities fell, tracking markets lower in Asia, as  concern about local government debt in China and hawkish language from a US central banker put traders in a risk-off mood.  The Stoxx 600 index dropped 0.8%, snapping two days of gains and trimming its fourth weekly advance in five. US equity futures edged lower and the 10-year Treasury yield …

AL DHAID / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday condoled Abdullah Muhair Al Ketbi, Minister of Federal Supreme Council Affairs, and his brothers on the passing of their mother during a visit to the condolence tent in Al Dhaid, Sharjah. His Highness expressed his sincere condolences and sympathy to the family of the …