BRIEF-Stanley Black & Decker enters into 364-day credit agreement
* Stanley Black & Decker - on Jan 18, 2017, Stanley Black & Decker Inc., a Connecticut corporation entered into a 364-day credit agreement- SEC filing
LAGOS Oct 14 Nigeria will sell two-month dollar forwards at an auction on Friday to clear a backlog of demand from airlines, manufacturers and other companies, traders said.
Dollar shortages have caused many firms to shut down operations and lay off workers, compounding an economic crisis exacerbated by fall in global oil prices, Nigeria mainstay.
"The central bank has asked (banks) to submit bids for a special forex auction before 2 p.m. for funded forwards with 2-month tenor," one traders told Reuters.
Nigeria's foreign exchange reserves were down $24.21 billion by Oct. 10, their lowest in more than eleven years, limiting the number of dollars available on the official interbank spot market and causing the naira to sharply depreciate. (Reporting by Oludare Mayowa; Editing by Louise Ireland)
* Paramount completes $975 million refinancing of One Market Plaza
SANTIAGO, Jan 19 Chile's central bank cut its benchmark interest rate by 25 basis points to 3.25 percent on Thursday, the first reduction in over two years, as it seeks to jump-start weak economic growth.