adminMega-fine on BNP Paribas unsettling
PARIS — A mega-fine of more than $10 billion by US authorities on France’s BNP Paribas bank could have damaging knock-on effects which are worrying European policymakers, but analysts said…
Pie’s the limit for Chinese presidential lookalike
BEIJING — Business is booming for one meat-pie vendor in central China, but it is the trader’s uncanny likeness to President Xi Jinping that sets him apart from the competition.…
Shoprite expands to Ibadan
LAGOS — Shoprite, the South African-headquartered group, said it would commission a new outlet in Ibadan, Oyo State, as part of its ongoing expansion plans. The company said that the…
Oil prices dip on hopes of Ukraine crisis easing
SINGAPORE — Oil prices dipped in Asia yesterday after Russian President Vladimir Putin held out a hand to crisis-hit Ukraine, raising hopes of an easing in the worst East-West standoff…
Rand snaps four-day losing run, awaits ECB outcomes
JOHANNESBURG — The rand edged up for the first time to the dollar in five sessions yesterday as the recent sell-off in emerging market currencies abated ahead of the crucial…
G7 holds off from further Russia sanctions
LEADERS of the G7 group of industrial nations have limited themselves to warning Russia of another round of sanctions as they urged President Vladimir Putin to stop destabilising Ukraine. On…
Scientists discover how to date fingerprints
BREAKTHROUGH by Dutch experts could one day help police determine which fingerprints are relevant to investigation. Dutch forensic experts say they have discovered how to accurately date fingerprints, a breakthrough…
French FM says US bank fine ‘not reasonable’
REPORTED $10bn to be levied on BNP Paribas could damage free-trade agreement between US and EU, Laurent Fabius warns. Laurent Fabius, France’s foreign minister, has dismissed as unreasonable a reported…
UN labour arm denounces austerity measures
THE United Nation’s labour agency has denounced “premature” austerity measures brought in by governments around the world during the financial crisis, saying they have hurt the world’s most vulnerable people.…
Bank of England holds UK interest rates at 0.5pc
UK interest rates have been held at the record low of 0.5 percent for another month by the Bank of England. The size of the Bank’s bond-buying economic stimulus programme…