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…
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Global business and economy news
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…
Japan Display, the world’s biggest maker of screens for smartphones and tablets and a key supplier to Apple, is to make its debut on the Tokyo stock exchange Wednesday after a $3.2 billion initial public offering. The shares will start trading on Japan…
Fast Market Research recommends “Soup in Nigeria” from Euromonitor International, now available Boston, MA — (SBWIRE) — 03/18/2014 — Westernisation and changing consumption patterns are resulting in sales growth of soup in Nigeria. More consumers…
Global oil demand will rise faster than expected as the world economic outlook improves, the International Energy Agency said Friday, warning that the crisis in Ukraine can still drag down overall consumption. The latest demand estimate of 92.7 million…
ABU DHABI, 6th March 2014 – The 6th Global Financial Markets Forum, organized by the National Bank of Abu Dhabi…
Early this morning, Mt. Gox officially filed for bankruptcy protection in Tokyo, Japan, confirming reports that the company had lost 750,000 bitcoins—with a current estimated value of roughly $477 million—were lost. According to CEO Mark Karpeles…
Today, Google announced a partnership with San Mateo, California-based vision processor firm Movidius to enable the next generation of apps to better see and comprehend the world. The team-up is part of Google’s Project Tango, the tech giant’s effort…
Constitutional scholar and activist Lawrence Lessig, whose march through New Hampshire to get money out of politics is featured on our broadcast this week, often says that his crusade is the most urgent in America because it impacts virtually every…
Friday, January 31st, 2014 marks a turning point in the history of Nigerian-Finland bilateral relations as the FINNISH-NIGERIAN FORUM FOR…
CALGARY, Alberta, February 10, 2014 /PRNewswire/ — Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that it has entered into…
LONDON, Feb. 4, 2014 /PRNewswire/ — Reportbuyer.com just published a new market research report: Analysis of the Nigerian Patient Monitor Market Urbanisation is the Key Market Growth Driver This research service provides an analysis of patient monitors…
Jan. 31 (Bloomberg) — Bloomberg West Editor-At-Large Cory Johnson discusses reports that Microsoft will promote enterprise and cloud chief Satya Nadella to CEO on Bloomberg Television’s “Bloomberg Surveillance.” — Subscribe to Bloomberg on YouTube…
SUNNYVALE, CA–(Marketwired – Jan 29, 2014) – Fortinet® (NASDAQ: FTNT) Fourth Quarter 2013 Highlights Billings of $209.8 million, up 20%…
JOHANNESBURG, South Africa — South Africa’s days as top dog on the continent are numbered. Booming, bustling Nigeria is about to become Africa’s biggest economy. So pop open a bottle of Moet & Chandon — after all, from 2012-2013, seven Nigerian…