LAGOS/LONDON, June 7 (Reuters) – JPMorgan will eject Nigeria from its Government Bond Index (GBI-EM) by the year-end unless it restores liquidity to currency markets in a way that allows foreign investors tracking the benchmark to transact with minimal hurdles.
How can you tell whether a company is juicing its numbers? If you’re not a forensic accountant, it is often only when it’s too late and you’ve lost a lot of money that you realise a firm has cooked the books. Deutsche Bank is recommending a pretty simple math trick that can give you at least an indication whether something is up, even if it doesn’t tell you precisely what’s wrong…
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