Browsing: Business & Economy News

BlackBerry said Friday it fell deeper into the red in the past quarter as the struggling smartphone maker unveiled a new manufacturing partnership and a revamped organizational structure. The Canadian firm reported a massive $4.4 billion loss in its…

The Standard and Poor’s ratings agency on Friday downgraded the European Union’s long-term credit rating one notch, from “AAA” to “AA+”, citing weaker credit worthiness among the bloc. “The downgrade… reflects our view of weaker creditworthiness among…

The United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens, the US Treasury Department said Thursday. The Netherlands, Malta, and the British territories of Bermuda, Jersey, Guernsey and…

Why is everybody making such a fuss about the latest Warren Buffett wind power purchase? Okay, so the legendary investor’s MidAmerican Energy Company has just ordered a huge mess of wind turbines from Siemens, but it was all the way back in May that…

Facebook founder Mark Zuckerberg will sell 41.35 million ‘B’ shares in the company for tax purposes, US stock market regulators said on Thursday. These shares will allow Zuckerberg to retain power over Facebook because each has 10 voting rights. Proceeds…

The Bank of England is to issue plastic banknotes for the first time in its history, it announced Wednesday, with Winston Churchill gracing the first run. The polymer note, carrying a value of £5 ($8.2, 6.0 euro), is to be released in 2016 — and as…

The virtual currency Bitcoin crashed in China on Wednesday, falling almost 50 percent after the country’s biggest trading platform BTC China banned deposits in yuan following new restrictions imposed by the central bank. Chinese speculators have driven…

CALGARY, Alberta, December 16, 2013 /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 further amended…

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Banker ousted from Barclays floats £150m fund for venture in Africa, with Nigeria rumoured to be starting point for investment