LONDON, Jan 15 (Reuters) – Capital flows to emerging markets will decline in 2015 for the second year in a row due to the prospect of higher U.S. interest rates, a global finance industry body said on Thursday, predicting inflows of $1.06 trillion.
LAGOS, Jan 15 (Reuters) – Nigeria’s foreign exchange reserves fell to $34.51 billion by Jan. 13, down 20.2 percent from $43.24 billion a year earlier, owing to drawdowns by the central bank to defend the local currency, the naira.
Russia’s tanking economy and currency might have something to do with the possible sale of the Brooklyn Nets. For months there have been rumors that Mikhail Prokhorov, the owner of the Brooklyn Nets, is thinking about selling the team. On Tuesday, Bloomberg’s Scott Shoshnick reported that the team is for sale…
Target just announced it would discontinue its operations in Canada, which had been a big money loser for the retailer. Following the announcement, shares of Target were up as much as 8% in premarket trade Thursday. In a statement, Target CEO Brian Cornell said: “After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021…
WASHINGTON, Jan 15 (Reuters) – The United States eased decades of trade and financial restrictions on Cuba, opening up the country to U.S. telecommunications, construction and financial services in a slew of changes announced by the U.S. Departments of Commerce and Treasury.
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