Author: businessTimes
The International Monetary Fund (IMF), says Nigeria is expected to grow by 1.9 per cent in 2018, up from 0.8 per cent in 2017, mostly owing to fewer disruptions in oil production. Mr Amine Mati, the ...
An oil tanker and a Norwegian navy frigate collided near the coast of western Norway on Thursday, triggering the shutdown of a major export terminal for North Sea crude. The incident reportedly left eight people ...
Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group, Denel, that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall, a ...
Netflix Inc unveiled a plan on Thursday to make 17 more original productions in Asia, including Thai and Chinese language shows as the U.S. firm seeks to attract new international users through more local content. ...
Mazda Motor Corporation on Thursday said it planned to recall about 640,000 vehicles globally to fix issues including a problem with the valve springs used in its diesel engines. The Japanese automaker said it would ...
Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as 30 billion dollars after raising four billion dollars in fresh funds, people with knowledge of the situation told Reuters. ...
The African Export-Import Bank (Afrexim Bank), says Africa accounts for only 15 per cent of the continent’s one trillion dollars of total trade in the world annually. The News Agency of Nigeria (NAN) reports that ...
Wall Street stock futures and Asian shares erased most of their earlier gains in choppy trade on Wednesday, as results from the U.S. midterm elections showed Republicans close to losing their grip on Congress. U.S. ...
German carmaker BMW on Wednesday reported a 27 per cent drop in third-quarter operating profit to 1.75 billion Euros (2.00 billion), missing analyst expectations amid currency headwinds and higher research and development expenses. Analysts in ...
AXA Investment Managers will acquire a U.S. debt investment team and a $9.4 billion portfolio of U.S. commercial mortgage loans from Quadrant Real Estate Advisors, AXA said on Wednesday. AXA IM, owned by AXA Group, ...
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