Global oil prices advanced on Tuesday on renewed Ukraine tensions after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York’s West Texas Intermediate (WTI) for delivery in May won 77 cents to $101.21 per barrel…
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South Africa remains the most important economy in the continent despite being overtaken by Nigeria as Africa’s biggest, South African economists said. The result of a long awaited rebasing of Africa’s most populous nation showed that Nigeria’s GDP…
Swiss cement group Holcim announced on Friday that it is in merger talks with building supplies giant Lafarge. Shares in the Swiss company surged by over 4 percent and Lafarge stock climbed by 6 percent late on Friday on rumours ahead of the announcement…
Europe’s main stock markets pushed higher on Friday as jobs data showed the recovery in the US economy is back in form after catching a winter cold. London’s FTSE 100 index climbed 0.56 percent compared with Thursday’s closing value to stand at 6,686…
Swiss pharmaceutical giant Novartis said on Thursday it was replacing the top executives at its Japanese unit over allegations the division hid serious potential side effects of leukaemia treatments from regulators. David Epstein, the head of the firm…
The S&P 500 Wednesday rose to a new high, but the Dow Jones Industrial Average fell just short of a record on another good day for stocks. Positive sentiment lifted the S&P 500 by 5.38 (0.29 percent) to 1,890.90, the second record close in a row. The…
The S&P 500 Tuesday closed at a new record as US stocks rallied following solid economic data and investor relief over US Federal Reserve policy. The S&P 500 jumped 13.18 (0.70 percent) to 1,885.52, its first record close since March 7. The Dow Jones…
US Senate investigators have accused heavy equipment giant Caterpillar of hiding $8 billion in profits offshore in Switzerland to avoid US taxes. In a report released late Monday, investigators said the company took advantage of a special corporate…
Greece will receive 6.3 billion euros ($8.7 billion) from its pending EU bailout fund at the end of April, Eurogroup chief Jeroen Dijsselbloem said on Tuesday. “A first tranche of 6.3 billion euros at the end of April will allow Greece to meet its debt…
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…