Business

Backward-Integration: Dangote Sugar Invests $35m In Machinery

… Moves To Boost Production BEVERLY HILLS, CA, February 03, (THEWILL) – Nigeria’s foremost sugar refinery, Dangote Sugar has demonstrated its resolve to ensure the realization of the national sugar master plan as it takes delivery of farm machinery worth...

Asia Stocks Slip; Euro Dogged By ECB Talk

Asian shares lost more ground on Monday as strains in emerging markets show little sign of abating, while growing pressure for another policy easing in Europe shoved the euro to 10-week lows. Japan's Nikkei .N225 again led the way with...

China Drags On Otherwise Buoyant Asia Factory Sector

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Asian manufacturing outside China showed signs of solid expansion in January as order books swelled, but factories in the region's giant struggled for growth, heightening concerns about an economic slowdown. China's service-sector growth also slowed down - to a five-year...

EU Antitrust Czar Nears End Of Term With Dragons To Slay

The clock is ticking for the European Union's antitrust czar, whose extensive powers put him in the front line of battles with some of the titans of the global economy. European Competition Commissioner Joaquin Almunia aims to take landmark decisions...

DOJ Probes Finance Firms Dealings With Libya: WSJ

The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, the Wall Street Journal reported, citing people familiar with the matter. Federal...

Sony, Lenovo In Talks On Possible PC Business Alliance: Report

Japan's Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday. The Japanese electronics and media giant called the...

Sony, Lenovo In Talks On Possible PC Business Alliance: Report

Japan's Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday. The Japanese electronics and media giant called the...

India’s Rajasthan State Bars Entry Of Foreign Supermarkets

The government of India's western state of Rajasthan has barred foreign direct investment in the multi-brand retail sector, newspapers said, becoming the second state to block foreign supermarkets from setting up shop. Last month, the newly-elected Aam Aadmi (Common Man)...

Honda Q3 Net Profit More Than Doubles To $1.56 Billion

Honda Motor Co's (7267.T) October-December net profit more than doubled to 160.7 billion yen ($1.56 billion), back to pre-Lehman crisis levels but lower than expectations, helped by strong sales of the redesigned Fit subcompact that went on sale in...

Japan Inflation Quickens To Over Five-Year High, Output Gains

Japan's core consumer inflation rose at the fastest pace in more than five years in December and the job market improved, encouraging signs for the Bank of Japan as it seeks to vanquish deflation with aggressive money printing. Factory output...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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