Business

France's Altice buys Portugal Telecom for 7.4 bn euros

France's Altice on Monday bought out Portugal Telecom -- which had been owned by Brazil's…

ConocoPhillips cuts exploration spending

ConocoPhillips announced a sharp cutback in spending on exploration and spending Monday as global oil…

Nigerian banks face cash squeeze, interbank rate jumps to 70%

Nigeria's overnight lending rate more than doubled to a record high of 70 percent on…

Lafarge Africa to buy out minority shareholders in Ashaka Cement

Lafarge Africa will make an offer on Wednesday worth about $122 million to buy out…

Oil prices down after unimpressive Chinese trade data

Crude oil hit fresh five-year-lows Monday following another weak batch of trade data out of…

BIS warns of market fragility despite bullish mood

The Bank for International Settlements warned Sunday that global financial markets appeared to be increasingly…

Sri Lanka cuts energy prices ahead of polls

Sri Lanka slashed cooking gas prices on Sunday just one day after the cost of…

New coins to help ease Zimbabwe cash crunch

Zimbabwe's central bank unveiled special coins on Friday to ease a shortage of low denomination…

Oil price slump threatens $150bn investments

The continued fall of oil prices could lead to postponement of $150 billion worth of…

Brent crude oil price slips below $70, after Saudi price cut

Oil fell in Asia on Friday after major producer Saudi Arabia slashed the price of…