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Africa/International
Iran offers $3b bonds to fund gasfields
Sanctions-hit Iran will within days offer the first tranche of a three billion dollar domestic bond issue to fund the development of its South Pars gasfields, a top official said on Sunday.
Ali Vakili, head of Pars Oil and Gas Company, the…
Asian stocks fall as Japan’s growth stalls
Asian shares fell on Monday after data showed Japan's economic growth stalled in the second quarter, adding to worries that a global recovery is quickly faltering and prompting investors to sell riskier assets.
Japan's economy expanded…
Japan’s economic growth slows
Japan's economy grew at a much weaker than expected pace and was overshadowed by China in the second quarter, data showed Monday, amid further signs the global recovery is losing steam.
With cooling exports and flat domestic consumption…
Teen sex said not to be always bad for school performance
There's good news for parents who worry that their teenagers' sex lives are affecting their school performance: A provocative new study has found that teens in committed relationships do no better or worse in school than those who don't…
Russia bans grain exports
Russia has imposed a ban on grain exports until the end of the year, after a severe drought and a spate of wildfires devastated crops.
Russia is one of the world's biggest producers of wheat, barley and rye, and the ban is likely to see…
Afghanistan finds oil field with 1.8 billion barrels of oil
Afghanistan said on Sunday it had discovered an oilfield with an estimated 1.8 billion barrels in the north of the war-ravaged country, where U.S. and other foreign forces are trying to tame a Taliban-led insurgency.
The discovery of the…
Internet passwords ‘at risk’
More than half of Britons admit making their online passwords easily available on the internet and never change their details unless prompted to do so, research has shown.
Credit reference agency Experian warned millions of people were…
Apple manager indicted over kickback charges
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
Authorities say Paul Shin Devine of Sunnyvale was arrested on Friday on charges of wire…
Nigeria disburses $4.7b from windfall oil savings
Nigeria has distributed $4.7 billion in revenues and windfall oil savings to government for July, a massive disbursal which is likely to trigger a drop in bond yields and interbank rates next week, dealers said.
Africa's biggest oil and…
Uganda opposition says corruption threatens country’s oil revenue
Corruption in Uganda will swallow billions of dollars in revenue from the East African nation's budding oil industry that is needed to build schools, hospitals and roads, says a Ugandan opposition leader.
Olara Otunnu, a former U.N. under…