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LAGOS (Reuters) - Nigeria's Stanbic IBTC Holdings, a unit of South Africa's Standard Bank, said on Thursday its 2013 pretax profit rose to 24.62 billion naira, an increase of 116 percent from 11.41 billion naira a year earlier. Gross earnings grew to 111.22 billion naira during the period, compared with 91.86 billion naira in 2012, it said in a filing with the Nigeria Stock Exchange. Stanbic IBTC proposed a dividend of 0.10 naira per... Read more... Read more...
A California state senator denied Tuesday plotting to smuggle guns from the Philippines and trading political favors for cash, in a colorful case centred on San Francisco's Chinatown underworld. Appearing in a federal courthouse, now-suspended Democratic Senator Leland Yee pleaded not guilty to eight felony charges for which he could face life in prison if convicted. The five-year FBI sting that ensnared the politician was initially aimed... Read more...
By Ann Saphir WASHINGTON (Reuters) - Raising interest rates to head off a potential financial crisis is simply not worth it, a top Federal Reserve official said on Friday. With economists forecasting very low odds of a crisis anyway, there is "little benefit to reducing or eliminating the probability of a crisis" with tighter monetary... Read more...