Browsing Category

Africa/International

Kenyan banks set to merge by 2012

Kenyan banks are set for consolidation to meet a deadline to boost minimum core capital and cut costs in a lower interest rate environment. Although banks are on course for good profit growth this year as evinced by first-half results,…

Kidnapped Nigeria children freed

A group of 15 children kidnapped in south-eastern Nigeria earlier this week has been released, say police. They were rescued by security forces from a forest hideout, Commissioner Jonathan Johnson told the BBC. Armed men had seized the…

Gold prices rise to near lifetime high

Gold ticked up on Friday and held near of a lifetime high, but improving U.S. and China data, which suggested growing global economic strength, could curb gains. China's manufacturing sector gathered momentum in September, handily beating…

Oil companies quit Iran

Four major energy companies are pulling out of Iran in order to comply with US sanctions, the state department says. Royal Dutch Shell, Total, Statoil and Italy ENI will now avoid US penalties targeting companies which do business with…

Yahoo losing three top executives

Three top Yahoo Inc. executives are leaving the slumping Internet company in an exodus that could put CEO Carol Bartz on the hot seat as she approaches the end of her second year trying to engineer a turnaround. The company disclosed the…