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Canberra Times
Woolworths SA flags writedown of David Jones investmentSouth Africa's Woolworths Holdings plunged the most in almost two years after S
Canberra Times / Posted a minute ago
South Africa's Woolworths Holdings plunged the most in almost two years after South Africa's largest food and clothing retailer said profit will be hurt by a revaluation of its David Jones business in Australia. Earnings per share are expected to be... Read more
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Canberra Times
Miners, banks pull ASX into the red while Bellamy's soarsAustralian shares weakened on Tuesday, with the ASX's heavy exposure to banks a
Canberra Times / Posted a minute ago
Australian shares weakened on Tuesday, with the ASX's heavy exposure to banks and commodity firms underscored by a pullback in both sectors, while infant formula company Bellamy's bucked the lower trend with a 24 per cent surge. The benchmark... Read more
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Canberra Times
Markets Live: Bellamy's surges in weak ASXAustralian shares weakened on Tuesday, with the ASX's heavy exposure to banks a
Canberra Times / Posted a minute ago
Australian shares weakened on Tuesday, with the ASX's heavy exposure to banks and commodity firms underscored by a pullback in both sectors, while infant formula company Bellamy's bucked the lower trend with a 24 per cent surge. The benchmark... Read more
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asianage
Bonds fall after RBI deputy says banks face high interest rate riskMumbai: Bond yields spiked on Tuesday morning after a deputy governor of the Re
asianage / Posted 2 minutes ago
Mumbai: Bond yields spiked on Tuesday morning after a deputy governor of the Reserve Bank of India (RBI) said public sector lenders face risks of high interest rate from their large bond holdings. The statement was seen by traders as hawkish and as... Read more
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AllAfrica.com
Ekiti Bars Fayemi, Other From Holding Public Office for Ten YearsThe Ekiti State government has barred the Minister of Solid Minerals, Dr Kayode
AllAfrica.com / Posted 2 minutes ago
The Ekiti State government has barred the Minister of Solid Minerals, Dr Kayode Fayemi and others from holding public offices in Ekiti. According to a White Paper released by Ekiti State Government the former governor was barred from holding a... Read more
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AllAfrica.com
Communications Authority On Right Track in Monitoring Telcos' PerformanceThe Communications Authority recently fined telco operators over Sh300 million
AllAfrica.com / Posted 2 minutes ago
The Communications Authority recently fined telco operators over Sh300 million for providing poor-quality of services. Additionally, Safaricom, Airtel and Telkom Kenya were fined 0.15 per cent of their latest financial returns as a penalty for giving... Read more
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AllAfrica.com
9Mobile - Reps Summon Members of Defunct Board Over LoanA House of Representatives panel yesterday summoned members of the board of the
AllAfrica.com / Posted 2 minutes ago
A House of Representatives panel yesterday summoned members of the board of the defunct Etisalat Nigeria over the mismanagement of about N500 billion obtained from commercial banks. The committee said during a hearing with some stakeholders in the... Read more
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AllAfrica.com
NNPC Begins Enforcement of N133.28 Ex-Depot Fuel PriceThe Nigerian National Petroleum Corporation, NNPC, yesterday, said it has deplo
AllAfrica.com / Posted 2 minutes ago
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has deployed more of its depots and other throughput facilities to enforce the N133.28 per litre Ex-Depot price of Premium Motor Spirit, otherwise known as petrol, to marketers... Read more
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AllAfrica.com
9Mobile May Still Be Sold As NCC Declines Comment On Court OrderThe Nigerian Communications Commission, NCC says it is committed to a legitimat
AllAfrica.com / Posted 2 minutes ago
The Nigerian Communications Commission, NCC says it is committed to a legitimate process in the attempt to sale 9mobile to a preferred bidder tomorrow. The Commission however declined comment on whether the nullification of the telco's interim board... Read more
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AllAfrica.com
CBN Injects $210m As Naira Depreciates to N360.65/$The naira Monday depreciated to N360.65 per dollar in the Investors and Exporte
AllAfrica.com / Posted 2 minutes ago
The naira Monday depreciated to N360.65 per dollar in the Investors and Exporters (I&E) window even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market. Acting Director, Corporate Communications Department... Read more
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AllAfrica.com
Nigeria Loses U.S.$749 Million From OPA Deals With Five Oil FirmsNigeria lost $749 million from Offshore Processing Arrangements, OPA, entered i
AllAfrica.com / Posted 2 minutes ago
Nigeria lost $749 million from Offshore Processing Arrangements, OPA, entered into with five companies in 2015, latest audit by the Nigeria Extractive Industries Transparency Initiative, NEITI, has revealed. According to the report, of the six OPA... Read more
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AllAfrica.com
Power - AfDB to Invest U.S.$30 Million in Off-Grid EnergyThe African Development Bank (AfDB) has formed partnerships with Calvert Impact
AllAfrica.com / Posted 2 minutes ago
The African Development Bank (AfDB) has formed partnerships with Calvert Impact Capital (CIC), Global Environment Facility (GEF) and the Nordic Development Fund (NDF) to drive investments in off-grid energy across Africa. Through the partnership,... Read more
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AllAfrica.com
Nigeria's Crude Oil Production Hit 2.057mbpd in DecemberNigeria's crude oil production, including condensate hit 2.057 million barrels
AllAfrica.com / Posted 2 minutes ago
Nigeria's crude oil production, including condensate hit 2.057 million barrels per day (bpd) in the month of December 2017. This is higher than the 1.93 million bpd including condensate recorded at the end of the third quarter in September. The... Read more
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AllAfrica.com
Respite for Nigeria As Crude Oil Price Hits $70 Per BarrelCrude oil prices rose above $70 a barrel yesterday, signalling that production
AllAfrica.com / Posted 2 minutes ago
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies. International Benchmark Brent crude oil sold for... Read more
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AllAfrica.com
2018 Budget - Nigerian Govt to Spend Nearly N500 Billion On 'Waste'A civil society group, the Centre for Social Justice, CENSOJ, said about N467.4
AllAfrica.com / Posted 2 minutes ago
A civil society group, the Centre for Social Justice, CENSOJ, said about N467.4 billion, or 5.43 per cent of the expenditure proposed in the 2018 Appropriation Bill are either "frivolous, inappropriate, unclear or wasteful." Consequently, the group... Read more
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AllAfrica.com
President Receives UAE InvestorPresident Yoweri Museveni has today received and held a meeting with Dr. Ahmed
AllAfrica.com / Posted 2 minutes ago
President Yoweri Museveni has today received and held a meeting with Dr. Ahmed Eltigani Al Mansourie, an Envoy of the Emir of Sharjan in the United Arab Emirates (UAE), who called on him at State House, Nakasero. Dr. Ahmed Eltigani Al Mansourie, is... Read more
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AllAfrica.com
Petrol, Kerosene Record Double Digit Price Increase in December - NBSThe average price of Premium Motor Spirit (PMS), commonly called petrol, increa
AllAfrica.com / Posted 2 minutes ago
The average price of Premium Motor Spirit (PMS), commonly called petrol, increased by 17.98 percent, month-on-month (MoM), even as the average price per litre paid by consumers for Kerosene jumped by 22.5 percent year-on-year in December. The... Read more
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AllAfrica.com
Kenya Forced to Borrow $750 Million to Repay Loans From Four BanksKenya has been forced to borrow $750 million to assuage fears by lenders about
AllAfrica.com / Posted 2 minutes ago
Kenya has been forced to borrow $750 million to assuage fears by lenders about the country's ability to service its mounting debt. The loan from the Trade and Development Bank -- formerly PTA Bank -- is reflected in the latest Quarterly Economic and... Read more
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AllAfrica.com
Rwanda Overhauls Income Tax Law to Boost Domestic RevenueRwanda is overhauling its income tax law after experts warned that its domestic
AllAfrica.com / Posted 2 minutes ago
Rwanda is overhauling its income tax law after experts warned that its domestic revenue collections would remain weak for three straight years. A draft Bill in parliament aims to cut tax subsidies, widen the tax base, bring tax evaders under the net... Read more
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AllAfrica.com
Nigerian Banks Accused of Frustrating Solar Energy ExpansionA solar energy expert and Chairman of AO Demarg, General Ademola Fadunsi, (rtd)
AllAfrica.com / Posted 2 minutes ago
A solar energy expert and Chairman of AO Demarg, General Ademola Fadunsi, (rtd), has blamed banks for the slow pace of solar energy investments in Nigeria, saying the inability of banks to grant loans to investors in the sector had made investment... Read more
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AllAfrica.com
Visa Facilitation With China Boosts Business - BusinesspeopleLuanda — The Angolan citizens linked to the commercial branch and residents of
AllAfrica.com / Posted 2 minutes ago
Luanda — The Angolan citizens linked to the commercial branch and residents of Luanda province are looking forward to increasing business with China after the visa facilitation agreement in ordinary passports initialed on Sunday between the... Read more
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AllAfrica.com
World Bank Supports Sub-Sahara Africa With U.S.$10 BillionAbuja — The World Bank and ECOWAS Commission have concluded a high-level consul
AllAfrica.com / Posted 3 minutes ago
Abuja — The World Bank and ECOWAS Commission have concluded a high-level consultation event on Regional Integration, as a possible catalyst to reignite Africa's economic growth engine. To this end, the World Bank has made a commitment of over... Read more
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AllAfrica.com
Govt Chalks Up $4.2 Billion Debt in Four MonthsKenya has borrowed more than $4.2 billion in the first four months of the curre
AllAfrica.com / Posted 3 minutes ago
Kenya has borrowed more than $4.2 billion in the first four months of the current financial year, with a huge chunk of it going into energy, water and education sectors. Treasury documents show that the larger part of this debt was picked up from... Read more
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Central Chronicle
Diesel prices at record high, petrol crosses Rs 71/ltr againAgencies, New Delhi Fuel prices have once again started hurting the common man
Central Chronicle / Posted 3 minutes ago
Agencies, New Delhi Fuel prices have once again started hurting the common man as diesel prices shot up to a historic high at Rs 61 point 74 a litre whereas petrol prices also crossed the Rs 71 a litre mark. As prices are now revised on a daily... Read more
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Scoop.co.nz
Shannon Harris appointed Head of Sales at Qrious Tuesday, 16 January 2018, 7:20 pmPress Release: Qrious For immediate release
Scoop.co.nz / Posted 4 minutes ago
Tuesday, 16 January 2018, 7:20 pmPress Release: Qrious For immediate release:AUCKLAND, NEW ZEALAND: Shannon Harris joined Qrious yesterday as Head of... Read more
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The Newton Kansan
Full Vision kicks production into high gearBy Kelly BreckunitchNewton Kansan@KansanBreck A new partnership with GE Health
The Newton Kansan / Posted 6 minutes ago
By Kelly BreckunitchNewton Kansan@KansanBreck A new partnership with GE Healthcare has brought in a lot of business for Newton manufacturing company Full Vision Inc. over the past year — and, in turn, employment growth that continues into 2018. "We... Read more
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Daily Liberal
Call for changes to stamp duty burden on homebuyersThe Housing Industry Association (HIA) is calling for changes to the amounts ch
Daily Liberal / Posted 10 minutes ago
The Housing Industry Association (HIA) is calling for changes to the amounts charged for stamp duty on homes. “Stamp duty bills have increased almost three times faster than house prices since the 1980s and this trend will continue unless stamp duty... Read more
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FOX Business
U.S. lawmakers urge AT&T to cut commercial ties with HuaweiU.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut all commerci
FOX Business / Posted 17 minutes ago
U.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies and oppose plans by telecom operator China Mobile to enter the U.S. market because of national security concerns, said... Read more
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FOX Business
U.S. lawmakers urge AT&T to cut commercial ties with HuaweiU.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut all commerci
FOX Business / Posted 17 minutes ago
U.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies and oppose plans by telecom operator China Mobile to enter the U.S. market because of national security concerns, said... Read more
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The Courier Express Newspapers
Asian stocks advance as investors look ahead to US earningsBEIJING (AP) — Asian stock markets were mostly higher Tuesday following a holid
The Courier Express Newspapers / Posted 19 minutes ago
BEIJING (AP) — Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings. KEEPING SCORE: The Shanghai Composite Index rose 0.3 percent to 3,420.80 and Tokyo's Nikkei... Read more
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