China inflation data shows recovery is weak
China’s consumer price index (CPI) dropped dramatically in March official data released today shows, indicating that the recovery in the world’s second-largest economy is still weak.
North Korea blocks access to Kaesong industrial zone
Tensions between North and South Korea continued to escalate Wednesday, with the North blocking the entry of South Korean workers into a joint industrial zone.
India cuts interest rate
India’s reserve bank has lowered its benchmark repo rate, the rate at which it lends to commercial banks, by 25 basis points in a bid to jumpstart the country’s economy.
Tokyo stocks dive on Cyprus bailout
Tokyo stocks fell 2.71 percent at the close Monday after the yen soared on news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.
ENI sells Mozambique stake to CNPC
Italian oil giant ENI has signed an agreement to sell 28.6 percent of its subsidiary Eni East Africa, which owns the Area 4 natural gas field in Mozambique, to China National Petroleum Corp, the country's largest oil producer, for $4.21 billion.
Tokyo stocks back at pre-crisis levels
Tokyo stocks closed 2.64 percent higher Friday, recovering to levels seen not since before the 2008 collapse of Lehman Brothers that heralded the beginning of the global financial crisis.
Investment profile: Nigeria
Nigeria is Africa’s foremost business destination. Over the past decade Africa has been the second-fastest growing economy in the world, with GDP accelerating more than five percent a year on average, according to the World Bank.
