Category Archives: Economy

01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
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31Mar/15

Europe, U.S. division over China-led bank

(BVO) – A new clash between the U.S. and China in the bid for influence in fast growing Asia.

Beijing has taken the lead in jump-starting a new government-funded infrastructure bank – the AIIB – recently gaining the support of traditional U.S. ally Great Britain for the 50-billion dollar project.
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22Mar/15

Strong dollar dulls Tiffany sales

(Reuters, YouTube/Tiffany & Co.) – Upscale jeweler Tiffany reporting its first quarterly sales drop in half a decade- the strong dollar hitting it where it hurts:
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13Mar/15

EZ’s Friday the 13th – lucky for some?

(Reuters Business Report) – Frankfurt’s Dax – on its longest streak of weekly gains since 1998.

This, in fact, its ninth week.

Europe is the feelgood factor.
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23Feb/15

Property tax fears fuel UK rental rise

(Reuters Business Report) – A smart family home in the heart of London.

It would cost several million pounds to buy.

But this one’s not for sale.

It’s one of a select number of multi-million pound homes up for rent.
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23Feb/15

Struggling Zimbabweans place their bets on chance

With the Zimbabwe economy in a continued spiral and the unemployment rate at above 80 percent a new craze of making money has emerged with betting and punting taking centre stage. Hundreds if not thousands of mostly males of various age groups are now taking to betting on sports especially football and horse racing in the fight to make a living.
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14Feb/15

Small businesses in Equatorial Guinea count their profits after AFCON

Juan Obama won the African Cup of Nations in Equatorial Guinea this month, not as a player for the champions Ivory Coast, but as a Taxi driver. Juan had his busiest and most profitable month ever.
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13Feb/15

Nigerian central bank chief pleads for calm as naira tumbles

Nigeria’s central bank chief insists that there is “no need to panic” about a slide in the currency, despite figures showing that the bank had burned through over 110 million U.S. dollars a day, whilst trying to defend the Naira.

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