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Business News
Nigeria stock traders accused over 'illegal practices'
Wed 28 Jul, 2010.

Nigeria's financial regulator is to bring 260 organisations and individuals to a special tribunal over alleged abuses in the country's stock markets. Read more...

France-Africa summit in Nice seeks business boost
Tue 01 Jun, 2010.

France aims to give a new push to business ties with Africa at a two-day summit opening in the Mediterranean city of Nice. Read more...

Nigeria and China sign $23bn deal for three refineries
Mon 17 May, 2010.

Nigeria's state-run oil firm NNPC and China State Construction Engineering Corporation (CSCEC) have signed a $23bn (£16bn; 18bn euros) deal. Read more...

Korea ship reaches oil tanker taken by Somali pirates
Tue 06 Apr, 2010.

A South Korean warship has caught up with a super-tanker that was hijacked by Somali pirates in the Indian Ocean. Read more...

AFGHANISTAN: Money well spent?
Mon 22 Mar, 2010.

Afghanistan has been showered with foreign aid since the fall of the Taliban in 2001, but it has been an uphill battle for the government and its donor allies to prove it was all money well spent. Read more...

Rio Tinto signs mines deal with China's Chinalco
Fri 19 Mar, 2010.

The Anglo-Australian mining company Rio Tinto says it has signed a deal with China to develop a massive iron ore mine in West Africa. Read more...

Surprise rise in Australian jobs
Thu 12 Nov, 2009.

A surprisingly strong increase in Australia's October jobs figures leads to talk of a December interest rate rise.
Read more...

Nigeria retakes control of Nitel
Tue 02 Jun, 2009.

The Nigerian government has taken back control of the country's former telecoms monopoly Nitel, citing a lack of investment and unpaid debts. Read more...

Chrysler needs Fiat deal to survive: CEO
Fri 29 May, 2009.

NEW YORK (AFP) - Chrysler chief executive Robert Nardelli told a US bankruptcy judge that only a proposed tie-up with Fiat can save the failed US auto giant from calamitous liquidation. Read more...

Court gives Saab 3 months to restructure
Fri 29 May, 2009.

STOCKHOLM (AFP) - Sweden's Saab Automobile will get another three months to restructure its business, a senior legal source said, as parent company General Motors looks to sell the loss-making unit. Read more...

Wal-Mart set to make first foray into India
Fri 29 May, 2009.

NEW DELHI (AFP) - The world's number one retailer Wal-Mart is set to open its first sales venture in India Saturday as part of an ambitious plan to establish a foothold in the country's vast consumer market. Read more...

Bullish OPEC banks on demand bounce
Fri 29 May, 2009.

VIENNA (AFP) - A decision by OPEC to keep its output steady despite a glut of crude worldwide shows the oil exporter group is confident demand will pick up later this year, according to analysts. Read more...

GM bankruptcy takes shape with US in driver's seat
Fri 29 May, 2009.

WASHINGTON (AFP) - General Motors put the final pieces of a pre-packaged bankruptcy in place that would give the US government up to 72.5 percent of the new firm and sweetens the offer to bondholders. Read more...

US newspaper executives discuss industry future
Fri 29 May, 2009.

WASHINGTON (AFP) - Top US newspaper executives discussed the future of the troubled industry amid growing moves to begin charging for news on the Web. Read more...

Fiat unable to offer more for Opel
Fri 29 May, 2009.

ROME (AFP) - Italian auto giant Fiat said it could not improve its offer to buy Germany's Opel against a rival bid by Canada's Magna International and would not attend key talks in Berlin on the takeover. Read more...

Italian industrial confidence continues rise
Thu 28 May, 2009.

MILAN (AFP) - Italian industrial confidence rose in May for the second straight month, the state statistics body said Thursday, providing a note of encouragement for an economy mired in recession. Read more...

 
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