Unbiased financial news, stock market analysis, strategies and market sentiment. Resources for investment of shares and trading on the stock exchange.
Forecast.net
Financial Market News & Analysis

Paying for giant Nile dam itself, Ethiopia thwarts Egypt but takes risks

File photo of the Grand Renaissance dam in Guba Woreda, Benishangul Gumuz regionBy Aaron Maasho ADDIS ABABA (Reuters) - Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub. By spurning an offer from Cairo for help financing the project, Addis Ababa has ensured it controls the construction of the Renaissance Dam on a Nile tributary.

Read More »

Report on CIA interrogations shadows Gitmo trials

Botswana leaves main lending rate at 7.5 percent

JOHANNESBURG (Reuters) - Botswana's central bank left its benchmark lending rate unchanged at 7.5 percent for the third straight meeting on Tuesday, citing a positive medium-term economic outlook. "The current state of the economy, domestic and external economic outlook and the inflation forecast, suggest that the current monetary policy stance is consistent with maintaining inflation within the Bank's 3–6 percent objective in the medium term," the Bank of Botswana said.

Read More »

Primark plans US venture with Boston store

Primark is taking cheap chic that has won fans in UK and continental Europe to US, as it becomes latest British store group to forge into America

Read More »

Primark growth offsets weak sugar market at AB Foods

LONDON (Reuters) - Associated British Foods met forecasts with a 1 percent rise in first-half profit with a strong performance from its Primark clothing chain and progress in its grocery operation offsetting a major fall in its sugar business.

Read More »

Sports Direct posts fourth-quarter sales rise

LONDON (Reuters) - British retailer Sports Direct hit out at shareholders on Wednesday for failing to back a lucrative bonus share scheme proposed for its founder Mike Ashley, as it posted a rise in fourth-quarter sales.

Read More »

Spirent revenue rises on China 4G orders

(Reuters) - British telecoms testing company Spirent Communications Plc reported a rise in quarterly revenue and operating profit as the roll-out of 4G networks in China pushed up orders.

Read More »

Pope John XXIII launched Vatican II and then some

SKorea ferry toll hits 150 as search gets tougher

Tencent $2.5bn bond sale defies tech gloom

Online gaming giant raises $2.5bn in offshore bond deal – the largest ever by a privately run Chinese company – at 165bps over US Treasuries, a new low for the company

Read More »
Syndicate content