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ABN Amro net income up 14% to $397 million in Q3

Bloomberg ABN Amro Bank NV reported third-quarter profit that beat estimates as the Dutch lender released money it had stashed for doubtful loans and said it’s in talks with its regulator about buying back stock. The bank, based in Amsterdam, saw net income jump 14% from a year earlier to 343 million euros ($397 million). That was higher than the ...

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Mexico’s central bank facing uncertainty before next meet

Bloomberg Mexico’s central bank upcoming monetary policy decisions will be data driven and depend on any additional price shocks, Governor Alejandro Diaz de Leon said, signalling that policy makers aren’t committed to an established path for interest rates. “We’re not pointing in any direction nor ruling out any direction,” Diaz de Leon said in a telephone interview. “We’re signalling that ...

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Naira gains in parallel market

Bloomberg Nigeria’s currency rebounded in the illegal market as the central bank boosted sales of dollars to commercial banks, according to traders. The currency strengthened to an average 540 to a dollar from about 570 a week ago in unauthorised markets in Lagos and other cities where foreign currency is freely traded, according to Abubakar Mohammed, chief executive officer for ...

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