Download image Marriott Becomes Largest Hotel Company in Africa BETHESDA, Md. and CAPE TOWN, South Africa, April 1, 2014 /PRNewswire/ — Marriott International, Inc. (NASDAQ: MAR) today became the largest hotel company in Africa according to published…
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British pharmaceutical giant GlaxoSmithKline on Monday announced a five-year investment programme for sub-Saharan Africa to fuel the company’s growth and to serve an area with “pressing health needs”. GSK will invest up to £130 million ($216 million…
Britain’s energy regulator will refer the “big six” suppliers for investigation by the competition watchdog under plans announced Thursday which could see the major industry players broken up. Ofgem said the move would reassure consumers amid mounting…
British consumers increased retail spending by 1.7 percent in February from the level in January when they fell more than first thought because of bad weather, official data showed on Thursday. Retail sales, an important indicator of household confidence…
London equities fell at the start of trading on Thursday following losses on Wall Street as traders remain on edge over the Crimea crisis. The benchmark FTSE 100 index dropped 0.44 percent to 6,576.05 points in early deals compared with Wednesday’s…
US stocks Tuesday finished higher as biotechnology companies and other high-tech equities steadied following a two-day skid. The Dow Jones Industrial Average gained 91.19 (0.56 percent) to 16,367.88. The broad-based S&P 500 rose 8.18 (0.44 percent)…
Brazil must convince markets that it can grow its economy while also slash spending and curtail inflation, analysts said after the country’s credit rating sunk to near junk status. The Central Bank said Brazil would respond “robustly” to global economic…
The one-time star electric carmaker Fisker Automotive said Monday it sold “substantially all” of its assets to the Chinese auto parts group Wanxiang for $150 million. The news came after last year’s bankruptcy filing by Fisker, whose sleek, sporty electric…
Oil prices diverged Monday as dealers digested news that Chinese manufacturing activity shrank in March to an eight-month low, stoking demand concerns in the world’s biggest energy consuming nation. In late afternoon deals, Brent North Sea crude for…
London shares ended slightly lower on Monday, with mining stocks weighing on the benchmark FTSE index after fresh data provided further evidence of a cooling Chinese economy. The FTSE closed 36.78 points — or 0.56 percent — down at 6,520.39 points…
Chinese manufacturing activity contracted in March to its weakest rate in eight months, data showed Monday, the latest indication of slowing growth in the world’s number two economy. The data is the latest in a string of weak indicators out of Beijing…
Asia’s richest man Li Ka-shing announced Friday that a Singapore state investment fund had agreed to buy just under 25 percent of his flagship retail chain, in a deal worth more than US$5.6 billion. Singapore’s Temasek will purchase 24.95 percent of…
Asian markets rose Friday as bargain-hunters moved in after the previous session’s heavy losses, with investors taking a lead from Wall Street and a positive batch of US data. The dollar held on to its recent gains after the head of the Federal Reserve…
Sri Lanka’s economy grew a weaker-than-expected 7.3 percent last year, the country’s central bank said Friday as it kept interest rates at multi-year lows as it looks to boost private investment and lending. The Central Bank of Sri Lanka said last year…
Iraq’s autonomous Kurdish region pledged Thursday to export 100,000 barrels of oil per day through central government-controlled pipelines in a bid to resolve an impasse with Baghdad ahead of elections. The Kurds and the government are locked in a row…
New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused. But she also took a crucial step to reshape how the Fed has…
Russia’s intervention in Crimea has cost it “real economic pain,” the United States said Wednesday as it readied a new slew of sanctions to punish Moscow for taking over Ukraine’s southern peninsula. “The question at this point is not if we will do…
IMF chief Christine Lagarde Wednesday denied any wrongdoing as she was questioned for the third time by French prosecutors in a corruption case that has become a thorn in the side of one of the world’s most powerful women. Lagarde was grilled for more…
Dallas, TX — (SBWIRE) — 03/18/2014 — This report provides the latest asset allocations of Nigeria HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Nigeria HNWIs to 2017 and a comprehensive…
Britain is set to grow faster than expected this year and next, Chancellor of the Exchequer George Osborne said in his annual budget Wednesday, drawing battle lines before national polls in 2015. Osborne warned however that an escalation of the Ukraine…