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Africa/International

US consumers’ spending edges up

US consumers are spending slightly more as their incomes are rising modestly, official data showed Monday, doing little to dispel fears about the health of the economy. The Commerce Department said spending rose 0.4 percent in July as…

3M to buy Cogent for more than $900m

Diversified U.S. manufacturer 3M Co on Monday said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company. 3M said it would pay $10.50 a share to buy…

India delays BlackBerry ban for 60 days

India has said it will delay a ban on Blackberry devices for 60 days while it reviews proposals from the gadget's maker, Research in Motion (RIM). A ban had been threatened from Tuesday, as India said its security services needed greater…

Oil price stays above $75 per barrel

Oil stayed near an eight-day high above $75 on Monday as sustained momentum from Federal Reserve Chairman Ben Bernanke's speech last week boosted Asian stock markets. Japanese shares jumped more than 3 percent while the yen fell as the…