Category: BusinessBEIJING (Reuters) – China’s factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening risks that a second quarter slowdown could be sharper than expected and raising the heat on the central bank to loosen policy.
TOKYO (Reuters) – Asian shares deepened losses on Thursday after Federal Reserve Chairman Ben Bernanke confirmed market fears that the Fed would begin reducing its stimulus later this year as the economy improved.
TOKYO (Reuters) – Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm’s board will consider hedge fund Third Point’s suggestion to spin-off the electronics company’s profitable entertainment arm.
(Reuters) – Lazada, the Southeast Asian online retail company founded by Germany’s Rocket Internet Gmbh, has secured another $100 million from investors in its bid to lift the region from its status as an e-commerce backwater.
(Reuters) – Electric car maker Tesla Motors Inc said it is recalling 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat.
PARIS (Reuters) – Lockheed Martin Corp has signed a contract with Mitsubishi Heavy Industries Ltd to begin work on a final assembly and check-out plant for the F-35 Joint Strike Fighter in Japan, it said on Wednesday.
NEW YORK (Reuters) – Stock futures were up modestly Wednesday, holding on to gains over the last two days ahead of a highly anticipated Federal Reserve statement and news conference.
FRANKFURT/LONDON (Reuters) – Vodafone is discussing a bid of about $10 billion with Germany’s No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.
NEW YORK (Reuters) – SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on Tuesday.
PARIS (Reuters) – Boeing launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 firm orders worth nearly $30 billion at list prices.
Ghana Eurobond Yields Fall 4th Day on Amissah-Arthur Nomination – Bloomberg
The yield on Ghanaâs $750 million Eurobonds fell for a fourth day after President John Dramani Mahama nominated central bank governor Kwesi Amissah-Arthur to be his deputy, a week after the death of John Atta Mills. Yield on the 8.5 percent …
Nigeria fines Shell $A4.9bn over oil spill – couriermail.com.au
NIGERIA has fined Shell $US5 billion ($A4.90 billion) over an oil spill late last year at an offshore field. Shell was forced to halt operations at the Bonga oilfield in the Gulf of Guinea following the December 20 leak of some 40,000 barrels of crude.
Ghanaâs Mahama Nominates Central Bank Governor as Vice President – Bloomberg
Bank of Ghana Governor Kwesi Amissah- Arthur was nominated to become vice president of West Africaâs second-biggest economy, a week after the death of President John Atta Mills. Amissah-Arthur, a former deputy finance minister who headed the …
Nigeria Access Bank wins $1 bln case against ex-chief – Reuters
LAGOS Aug 1 (Reuters) – Nigeria’s Access Bank has won an order for repayment of more than $1 billion in a fraud case in London’s High Court against a former executive of a bank it took over, according to a court document seen by Reuters on …
Nigeria’s precarious oil amnesty – BBC News
An amnesty for thousands of militants in south-eastern Nigeria has brought relative stability to the region, enabling its huge oil industry to recover but, as the BBC’s Will Ross reports, some are questioning how long the peace can hold.
ZAMBIA: Tembo’s rags to riches story
Spending nights in the cold, braving drugs in the streets, begging and stealing for survival did not deter Tobias Tembo from becoming a graduate he is today. Tembo's life stands as a true story of rags to riches, as he defied all odds to graduate with a degree in psychology at the University of Zambia.
While he is not materially rich, he has obtained…
ZAMBIA: Former prostitute now a role model
Having slept with hundreds of men, exposed to drugs, Beatrice Chanda's life was condemned to nothing. The possibility of her living a normal marriage life after so many years in prostitution, to anyone seemed impossible. She is happily married now and enjoying her new life with her kids and husband.
After seven years of exchanging sex for money,…
PROFILE: Bassiouny – Unsung Egyptian hero
Several families and love ones are counting their losses following the revolt that swept through northern African country of Egypt recently. It led to the resignation of the antagonist president Hosni Mubarak [the main objective of the uprising]. One of those unsung heroes is Ahmed Bassiouny who died on January 28.
Bassiouny was a sound, visual artist…
