Finance & Economics

Government decisions at root of Nigerian discontent

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One would think that being a citizen of a country with the second-largest oil reserves in Africa came with some perks...

IMF Optimistic About Global Economic Growth

The International Monetary Fund says in a new report that the global economic outlook is improving. Despite a marked slowdown in Europe, the global lending institution projects the world economy will grow 3.5 percent this year, a slight improvement...

Argentina bids to turn around sagging oil and gas production through nationalization

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Argentina's government Monday announced plans for nationalization of the country's biggest energy company YPF,...

Up to 800mn pounds investment planned in Wales steel plants

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Tata Steel Ltd, the world's seventh-largest steel maker, plans to invest up to 800 million pounds in Wales over the...

American elected to World Bank top job

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The World Bank Monday elected Korean-born American health expert Jim Yong Kim as its new president, maintaining the...

Lower gas prices expected to please US motorists

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Gasoline prices may be slowing down according to futures market pundits.

Cuba upgrades power plant with Chinese technology

Cuba was renovating its oldest hydroelectric plant with Chinese parts and technology, media reports said.

Three month sag in Chinese economy

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China's economy has seen a slowdown in the first three months of this year.

Portugal Ratifies Key EU Pact

Portuguese politicians voted in favor of a key European treaty on budget discipline Friday. The pact introduces increased controls on public finances in European Union (EU) countries, limiting their annual budget deficits.

Trade growth to slow down again in 2012, says WTO

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Global trade growth is forecast to slow down for the second consecutive year to 3.7 per cent in 2012, which is below...