Thursday, September 13, 2012
South Africa's current account recorded its largest deficit in nearly four years in the second quarter of 2012 as exports fell because of subdued external demand that is likely to hit manufacturing throughout the rest of the year.
Monday, September 10, 2012
Iran's currency was on Sunday sliding to a new record low against the dollar, with the central bank saying it was trying to manage the plunge amid an “economic war with the world.”2 Comments
Thursday, September 6, 2012
Congo and China on Tuesday signed accords worth 975 million euros as part of a project to rebuild parts of the capital Brazzaville devastated by a deadly munitions depot blast in early March.
Monday, August 20, 2012
It was the year the world became acquainted with Barack Obama, when “tweet” was labeled a buzzword by Time magazine — and when legislation was introduced to overhaul Africa's biggest oil industry.
Friday, August 17, 2012
Nigeria is likely to be included in JPMorgan's Government Bond Index — Emerging Markets (GBI-EM) from October, potentially bringing up to US$1 billion into one of Africa's most developed debt markets, the bank said on Wednesday.
Sunday, August 12, 2012
Egyptian troops and security forces on Friday detained nine Islamic militants in northern Sinai believed to be behind a surprise attack last weekend that killed 16 Egyptian soldiers, a security official said.
Wednesday, August 8, 2012
A government tribunal fined South Africa's Telkom SA Ltd. US$54.8 million Tuesday over a decade-long case alleging the company used its monopoly to put unfair prices on its competitors.
Tuesday, August 7, 2012
Venezuelan state oil giant PDVSA is in talks with Argentine counterpart YPF to conduct oil and gas exploration around the Falkland Islands, the company's president was quoted as saying Sunday.
Monday, July 30, 2012
Inequalities in South Africa are threatening economic growth, with children born into poor families unlikely ever to escape poverty or reap the rewards of living in Africa's largest economy.
Saturday, July 28, 2012
Starbucks Corp. reported third-quarter net income on Thursday that fell short of Wall Street expectations and cut its outlook for the current quarter, citing the challenging global economy.