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Sun Communities, Inc. Announces Closing of $450 Million Senior Unsecured Line …

FOR FURTHER INFORMATION AT THE COMPANY:                                Karen J. DearingChief Financial Officer(248) 208-2500                                                                                                                                                                                              Southfield, MI, August 20, 2015 – Sun Communities, Inc. (NYSE:SUI) (the…

Pre-Market Stocks Roundup: Planned Hotels and Resorts (NYSE:BEE), SunTrust …

On Thursday, Planned Hotels and Resorts Inc (NYSE:BEE)’s shares inclined 0.35% to $14.31. Planned Hotels and Resorts Inc (BEE) declared that it has closed a new $750.0 million unsecured credit facility with an accordion feature allowing for additional borrowing capacity up to $1.0 billion. The new facility is comprised of a $450.0 million unsecured revolving […]

Uganda Raises Benchmark Rate to 16% to Halt Currency Slump

Uganda’s central bank raised its benchmark interest rate for a fourth consecutive time to halt the currency’s depreciation and curb inflation. The Bank of Uganda increased the key lending rate by 150 basis points, or 1.5 percentage point, to 16 percent, Governor Emmanuel Tumusiime-Mutebile told reporters on Monday in the capital, Kampala. One of the […]

Everyday Cheapskate: My secret financial security blanket

If I had a dollar for every stupid purchase Ive made in my life, Id be a wealthy woman. My financial faux pas have been remarkable in both quantity and quality. Take the above -round swimming pool, for example. Its a-la-carte price was bad enough. Adding everything required but not included took it past barely […]

Nigeria’s ban of foreign currency deposits ‘good for economy and naira’

The Central Bank of Nigeria (CBN) has welcomed a decision by national banks not to accept cash deposits in a bid to bolster the countrys currency. In a statement on its website, CBN said the decision was made to avoid illicit financial flows in the countrys banking system. The statement also specified that only wire […]

Morning MoneyBeat Europe: More Weakness Expected As Markets Mull Greek …

Please feel free to send this email to friends and colleagues and include this link so they can sign up to receive it for free too Follow us on Twitter @WSJMoneyBeat.  The Breakfast Briefing Good morning Europe. Stocks are expected to slide again from the open thanks to the additional uncertainty generated by Greeces referendum on its […]

China currency move may unsettle global markets

Figures released on Saturday show Chinese exports tumbled 8.3 per cent in July from a year earlier, reversing a 2.8 per cent gain the previous month. Imports also suffered an 8.1 per cent decline, reflecting feeble Chinese domestic demand and weaker commodity prices. Chinas exports to the European Union and Japan were particularly hard hit, […]

Do You Have Change for a Bowie? The Advent of Artisanal Cash

LONDON — Though paper money here typically bears the visage of Queen Elizabeth, the Brixton district of the city last month released a new 5-pound note designed by Jeremy Deller, an artist who won the prestigious Turner Prize in 2004. It features a fuzzy, psychedelic image of an androgynous face surrounded by rainbow clouds and […]

Shares of Group 1 Automotive, Inc. (NYSE:GPI) Drops by -4.41%

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (SVP CFO) of Group 1 Automotive Inc, Rickel John C sold 9,280 shares at $96 on July 29, 2015. The Insider selling transaction had a total value worth of $890,880. The Insider information was disclosed with the […]

Tunisian firms prepare to issue Islamic bonds

n>Aug 3 Tunisian firms are preparing to issue Islamic bonds as the government finalises rules covering the sector, creating a new funding option for companies in an economy buffeted by labour unrest and militant attacks. Islamic finance – which bars interest payments in accordance with Islamic, or sharia, law – accounts for just 2.5 percent […]

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