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02:00, 25 July 2014 Friday
Economy

17:50, 23 July 2014 Wednesday
South Africa seeks to limit foreign land ownership

Land reform remains a sensitive issue in South Africa, where 20 years after the end of apartheid the white minority still holds around 87 percent of commercial farm land.

09:22, 22 July 2014 Tuesday
Cuba hopes for more investment as Chinese president arrives

Talks are reportedly underway for a number of investment projects, including in pharmaceuticals and automotive assembly, but no final investment agreements are expected this week.

17:32, 21 July 2014 Monday
Chinese yuan to be world's third currency by 2020'

The yuan will be the world's third largest currency after the U.S. dollar and euro, a Chinese report predicts.

18:04, 20 July 2014 Sunday
Meeting discusses unemployment in African Great Lakes

Unemployment currently stands at 12.7 percent in Kenya and affects 30 percent of the country's population

09:27, 20 July 2014 Sunday
GM says it has no fix yet for some recalled

GM so far this year has recalled about 14.7 million vehicles worldwide with switch-related issues and has linked at least 16 deaths to those issues.

12:40, 19 July 2014 Saturday
China to fund infrastructure projects in Argentina

The deal includes hydropower and nuclear power plants in the South American country.

12:45, 18 July 2014 Friday
S Korea endorses development plan for home-built fighters

State-run think tank Korea Institute for Defense Analyses (KIDA) reported earlier this month that a twin-engine version of the fighter jet is expected to cost around 8.5 trillion won

09:16, 18 July 2014 Friday
U S allies use economic scare tactics in talks with

Western officials have repeatedly warned Iranian counterparts over the past six months that more economic pain is a risk for an OPEC member whose oil exports have already shrunk to a fraction of what they could have been

09:11, 18 July 2014 Friday
Microsoft to cut 18 000 jobs this year as it

The EU's employment commissioner said he has asked to meet with Microsoft to discuss the social impact of the layoffs.

09:06, 18 July 2014 Friday
China deepens ties to Brazil plans to build railways

Although China has promised to invest in Brazil for years and failed to deliver, the pace of deals is picking up with a focus on deficient infrastructure.

12:37, 17 July 2014 Thursday
Donors pledge 1 8 bln euros for flood-stricken Balkan states

The financial aid would be used for rebuilding houses and public buildings, the rapid restoration of water and energy supplies and urgent assistance for those still without proper shelter.

11:43, 17 July 2014 Thursday
Russia condemns quot primitive quot US sanctions rouble slumps

Washington and Brussels say Moscow has been fanning separatist violence in eastern Ukraine and broadened their sanctions, sending Russian shares and the rouble currency down.

11:35, 17 July 2014 Thursday
China urges U S not to abuse trade system

Chinese Trade Minister Gao Hucheng said his country would not sit idly by while the United States harmed the rights of Chinese companies.

09:52, 17 July 2014 Thursday
China studies floating gas plants for South China Sea

Beijing claims about 90 percent of the South China Sea, whose estimated energy potential varies widely. Vietnam, the Philippines, Malaysia, Brunei and Taiwan also claim parts of the key waterway.

09:13, 17 July 2014 Thursday
China seeks to build railways in Brazil for trade

Trade between China and Brazil soared to $83.3 billion last year from $3.2 billion in 2002, with iron ore, soy and oil making up the bulk of Brazilian exports.

16:47, 16 July 2014 Wednesday
BMW to recall 1 6 mln cars worldwide for air

In the latest recall, about 574,000 of the affected cars were sold in the United States, about 450,000 in Germany and about 189,000 in the United Kingdom

15:20, 16 July 2014 Wednesday
Afghans want oil project to create 'energy corridor'

The $17 billion dollar Central Asian pipeline project could revive Afghanistan's economy said a state advisor, but security and political issues have deterred investors.

09:46, 16 July 2014 Wednesday
BRICS set up bank to counter Western hold on finances

New Development Bank will be based in Shanghai, India will preside over operations for first 5 years



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