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Africa/International
Honda in record quarterly profit on rising sales
Honda reported a record quarterly profit of 272.4 billion yen ($3.2 billion) as auto sales grew in North America, Japan and the rest of Asia.
Honda Motor Co. said Friday its profit for April-to-June increased 36-fold from 7.5 billion yen a…
Fragile US economy said to be getting weaker
The already fragile economic recovery may be getting weaker.
Economists expect the government to report Friday that economic growth slowed in the April-to-June quarter as consumers bought less, builders pulled back further, and cash-hungry…
Exclusive: Man who died at Japan airport was born in Kumasi
The 55-year-old man carrying a valid Belgian passport who died last Sunday in Japan was born in the Garden City of Ghana, Kumasi, ghanabusinessnews.com can reveal.
According to Ghana Embassy officials who spoke to ghanabusinessnews.com on…
Maradona: My bosses betrayed me
Diego Maradona accused Argentine soccer chiefs of betraying him on Wednesday, a day after they voted unanimously to end his tenure as national team coach.
The Argentine Football Association (AFA) decided not to renew Maradona's contract…
Oil price steady around $77
Oil was steady around $77 on Thursday after falling in the past two sessions on weak durable good data and the biggest weekly increase in crude inventories for nearly two years in the United States.
U.S. crude stocks surged 7.31 million…
Agric Bank of China issues additional shares Hong Kong IPO
Agricultural Bank of China said Thursday it has fully exercised the overallotment option of its Hong Kong share offering, bringing the total amount raised in the city to 12.6 billion US dollars.
The lender said in a statement to the Hong…
Average price of houses in UK down 0.5%
A shortage of buyers sent house prices falling in July for the first time since February, figures show.
The average price of a UK property dropped 0.5% to £169,347 between June and July, according to Nationwide Building Society.
It said…
Shell’s second quarter net profit up 15%
Europe's largest oil company, Royal Dutch Shell, has reported a 15 percent rise in net profit for the second quarter thanks to increased oil and gas production and a surge in gas sales.
Shell says net profit during the period was $4.39…
China urges change in US policy to avoid friction
The United States should alter policy to take account of China's role as a major player on the world stage if it wants to avoid friction and instability, a major state newspaper said on Thursday.
The commentary in ruling Communist Party…
Ship lost for 150 years found
Canadian archeologists have found a ship abandoned more than 150 years ago in the quest for the fabled Northwest Passage and which was lost in the search for the doomed expedition of Sir John Franklin, the head of the team said Wednesday.…