Britain has retained its crown as the world’s leading financial centre in 2017, but a leading City lobby group says the UK’s position should not be taken for granted in light of emerging Brexit risks. A new report by TheCityUK says that Britain topped the charts with a total financial trade surplus of 77 billion […]
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Russia’s economic recovery is increasingly driven by domestic demand, President Vladimir Putin said on Thursday. Speaking at an annual press conference, Putin said the economy has overcome two major shocks: a drop in oil prices and Western sanctions. Economic growth is now supported by a recovery in industrial output and Russia’s thriving agriculture sector that […]
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The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy’s shift to clean energy. “The World Bank Group will no longer finance upstream oil and gas, after 2019,” it said in a statement in Paris, where world leaders […]
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UK shares eased only slightly on Tuesday after data showing UK inflation rose to its highest in six years pushed up the pound, with rising oil prices keeping the benchmark index in positive territory. At 1000 GMT, the blue-chip FTSE 100 was up 0.17 percent at 7466.35 points after a 0.7 percent gain during the […]
Read More Brewing groups including Thai Beverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam’s largest brewer, Sabeco, people familiar with the matter said, with the $5 billion sale process by the government opening this week. The auction of up to 54 percent of Sabeco, in what is set to […]
Read More Humanitarian crises around the world will worsen next year, with no let-up in civil wars in Africa, near-famines in war-torn regions and the threat of extremist Islamist violence, a Geneva-based think-tank predicted in a report published on Thursday. The report by ACAPS, a non-profit venture that supports humanitarian aid workers with daily monitoring and analysis […]
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The Board of the International Organization of Securities Commissions (IOSCO) has published a report on the implementation of the G20/FSB post-crisis recommendations, saying the report is aimed at strengthening global securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets was prepared by IOSCO’s Assessment Committee and is designed to provide further clarity on […]
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Nigeria Customs Tincan Island Port Command at the weekend, handed over 2 x 40ft containers laden with different types of tramadaol tablets. They include 240 cartons of New Royal Tramadol Hydrochloride 225mg tablets, 240 dartons of Double Extra Strong Tramadol 200mg, 240 cartons of Super Power Tramadol Hydrochloride, 70 cartons of Ibamol – Diclofenac Sodium […]
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Nigeria, Brazil, China, the European Union (EU) and other leading economic powers announced that they have made tremendous progress on investment facilitation initiative for development. The group made this known in Marrakech, Morocco, during the World Trade Organisation (WTO) Mini-Ministerial meeting. In a breakthrough for Nigeria, the group of World Trade Organisation (WTO) Friends of […]
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The International Monetary Fund has warned Nigeria and other oil-exporting countries over rising foreign debts, saying there is a need to make external borrowings sustainable. The Fund, however, commended Nigeria for the recent reforms aimed at reducing infrastructure gap in the country, adding that it was in support of the measures. The Assistant Director, Fiscal […]
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First, Hurricane Maria knocked out power and water to Puerto Rico. Then diesel fuel, gas and water became scarce. Now, it’s money. The aftermath of the powerful storm has resulted in a near-total shutdown of the U.S. territory’s economy that could last for weeks and has many people running seriously low on cash and worrying […]
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Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum’s annual rankings showed on Wednesday. Following is a table showing the top 30 countries, according to the World Economic Forum. 1 Switzerland 2 United States 3 Singapore 4 Netherlands 5 Germany 6 Hong Kong 7 Sweden 8 United […]
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