Search Results for: Africa
WEF: UK moves up global economic list
September 3rd, 2014
The UK has edged up the global rankings in a major annual economic survey by the World Economic Forum (WEF). Its Global Competitiveness Report sees the UK rise one spot to ninth on the list, while Switzerland and Singapore ...
Gold Remains Below $1290 on Stronger U.S. Dollar; Palladium rise
September 2nd, 2014
Palladium rose for a fourth straight session on Monday to a 13-1/2-year high on fears that supply from top producer Russia could be hit due to the Ukraine crisis, while gold was little changed as the dollar nudged higher. ...
Private equity groups make $500m UK North Sea oil investment
September 1st, 2014
Buyout groups Blackstone and Blue Water Energy are providing $500m to Siccar Point Energy, a new UK-focused oil company, in one of the largest ever private equity investments in North Sea oil. The move highlights the continuing international appeal ...
Ford, IBM win dismissal of 12-year lawsuit over apartheid abuses
August 29th, 2014
A Manhattan federal judge has dismissed a 12-year-old lawsuit accusing Ford Motor Co (F.N) and IBM Corp (IBM.N) of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts. U.S. ...
West TX Oil Holds at $94.50 on a Neutral Inventory Report
August 28th, 2014
Brent crude dipped on Thursday, but still held between $102 and $103 a barrel, as expectations of ample supply weighed on prices. Global oil supply is expected to exceed demand this year, cooling prices. Oil futures on both sides ...
US Study Compares Worldwide Corporate Tax Rates
August 25th, 2014
The Tax Foundation (TF) has issued a paper which shows how the United States corporate income tax rate, now the highest among the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECD), ranks against all of ...
Germany approves RWE unit sale to Russian investor
August 22nd, 2014
Germany’s economy ministry will approve the sale of utility RWE’s (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions and sanctions between Russia and the West over the Ukraine crisis, two people familiar with the matter ...
Dubai Gold And Commodities Exchange Joins DMCC Free Zone
August 21st, 2014
Dubai Gold and Commodities Exchange (DGCX), the first derivatives exchange in the Middle East and North Africa (MENA) region, has announced that it has moved to a new permanent office in the Dubai Multi Commodities Centre (DMCC) Free Zone. ...
Oil Companies Turning Away From The Middle East
August 20th, 2014
The violence and cutthroat politics of the Middle East, combined with declining oil and gas production levels, has triggered a subtle but significant shift away from what has long been the center of the energy industry to other regions ...
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
