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Nigeria
We may die before President completes reforms –Sani
Leke Baiyewu The Chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani, has warned the Federal Government to put in place short-term measures to cushion the effect of the current economic crisis on the Nigerian masses or risk the lives of the people before he completes his reforms. ...
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Nigeria
CBN releases new guidelines on foreign investment inflows
•Foreigners can now invest in T-Bills, commercial papers Non-Nigerians are now free to invest in short-term debts and securities. The Central Bank of Nigeria (CBN) yesterday rolled out new foreign investment inflow guidelines targeted at portfolio investors. The guidelines, announced by CBN Acting Director, Trade and Exchange Department, W.D. Gotring, ...
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Nigeria
The Obasanjo Formula revisited
(Elite Pluralism or Electoral Federalism) Like all medical perplexities, the Nigerian patient has many physicians. Unfortunately, none is as yet a psychiatrist of collective hysteria. Hysteria defines the Nigerian condition. It drives the people to extremes of passion: from tender loving to mutual loathing, from reasonable cooperation with authorities to ...
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Nigeria
Ex NNPC GMDs Cry Out Over Terrorist Activities In N/Delta
Former group managing directors of the Nigerian National Petroleum Corporation (NNPC) yesterday met in Abuja and posited that the ongoing hostilities in the Niger Delta Region are threatening oil production and the nation’s economy. This is coming just as the group managing director of the NNPC, Dr Maikanti Kacalla Baru ...
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Cina
Renzi in Cina, Alibaba apre le porte al vino italiano
dal nostro inviato HANGZHOU Per migliorare l'interscambio con la Cina giudica "troppo basso", Matteo Renzi trascorre la mattinata che precede l'inizio del G20 nel quartier...
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Cina USA Giappone
Let us not think outside the box, Japan is bigger than all of them
Japan is the third biggest economy in the world, after the US and China.
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USA
Retained Earnings of Japanese Corporations at Record High
The balance of retained earnings of Japanese corporations has hit a record-high level for four consecutive years. The Japanese government and the ruling Liberal Democratic Party raised an issue of taxing on corporate retained earnings as a way to encourage investment. According to the Japanese Ministry of Finance on September ...
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Kazakistan
Samsung C&T and Samsung Eng Cancel Kazakh Power Plant Project
Samsung C&T and Samsung Engineering have finally given up on the Balkhash project in Kazakhstan worth 2.8 trillion won. It was mainly due to the Kazakh government that has begun reviewing the project's feasibility. The trading division of Samsung C&T, the company that won the project, exercised a put option ...
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Corea del Sud
Renault Samsung Sets QM6 Monthly Sales Goal at More Than 5,000 Units
Park Dong-hoon, CEO of Renault Samsung Motors, said on August 31, “We’re confident that the monthly sales of our new model QM6, scheduled to be released on September 1, will be higher than 5,000 units.” At the QM6 Tech Day event held on the same day at the Platform L ...
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USA
Hyundai and Kia in Panic due to Chinese Government's Intransigence in Granting Battery Certifications
Regulatory moves by the Chinese government aimed at Korean battery suppliers are now affecting the nation's car makers such as Hyundai Motor and Kia Motors. The two automobile manufacturers won't likely be able to receive subsidies granted by the Chinese government ranging from 25,000-55,000 yuan (US$3,750-8,250) per vehicle even though ...