Statistical Arbitrage or StatArb is an arbitrage trading strategy to profit from pricing inefficiencies in an equity market. It is a broader scale application of pairs trading strategy, and is based on the idea that prices of stocks return to

As many as 1.5 million people in Britain could face having their insurance claims declined due to misleading their providers, according to new research from AXA.

Reductions have been made on particular fixed rates by Lloyds TSB and Cheltenham & Gloucester.

Uninsured drivers are not discouraged by penalties such as confiscation and crushing, according to the AA.

A new two-year, fixed-rate mortgage is among the deals in a range launched by Leeds Building Society.

New customers for the Marks and Spencer (M&S) credit card are being offered zero per cent interest for ten months on purchases.

UK consumers are increasingly bartering over the prices of cars and televisions as the credit crunch hits, according to new research.

Borrowers have been warned against relying on a legal loophole to have their credit card debt written off.

A summer offer from Yorkshire Bank that waives arrangement fees is to continue this month.

GRAND Parade Investments (GPI), the black-empowered gaming and leisure group, reported a 13% rise in headline earnings per share for the 12 months to June 30, capping a busy year which included listing on the JSE.

IN THE past five years, SA has seen an extraordinary increase in dependence on foreign capital to fund investment.

Beijing Hotel straddles a patch of land in the prime area of Juba, separated by only a dirt, unpaved road from the sprawling United States consulate. Close to this hotel constructed out of cheap prefabs and metal bars, its name

The Tanzania Professionals Network (TPN) will launch a facility to provide funds for its 1,000 members for investments.

Executives of African Minerals Ltd yesterday flew into the country with what is probably going to be one of the biggest international investments in Sierra Leone's iron ore sector.

ACTING-President Rupiah Banda has assured the Chinese government that developmental projects initiated between Zambia and China will continue despite the demise of President Mwanawasa.

According to the ITU World Telecommunication/ICT Indicators Database released in the first quarter of this year, out of every 100 people in Sierra Leone, 0.19 of them use the internet while 13.23 use mobile phones.

RESERVE Bank Governor Tito Mboweni has confirmed he is ready to serve a third term in his post if asked by the country's next president, who will be elected early next year.

FIRSTRAND's share price dropped in early trade yesterday after the company put out a voluntary trading update which indicated that write-downs at its vehicle business, Wesbank, and in Rand Merchant Bank's (RMB) international equity portfolio, would result in a drop

The Agricultural Finance Corporation (AFC) is asking Mzee Jamuel Kiragu to pay back a loan they advanced him last year to expand his farming activities.

Governor Christopher Adebayo Alao-Akala of Oyo State is poised to sanction most of the 19 existing commercial banks in the state for allegedly defaulting in their corporate social responsibility to the government and the people of the state.