Economy
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Economy
Deutsche Bank shares hit record low ahead of AGM
Date:May 20, 2019
Shares in Deutsche Bank set a new low on Monday, just days before investors gather for their annual general meeting.
Google versus Huawei hits millions of smartphone users
Date:May 20, 2019
Hundreds of millions of smartphone users will be affected by Google's decision to sever its Android operating system ties with Chinese handset maker Huawei.
EU firms 'caught in crossfire' of US-China trade war
Date:May 20, 2019
European firms are "caught in the crossfire" of the United States (US)-China trade war and fewer are optimistic about their future in the world's second-largest economy, a business survey showed Monday.
Acacia Mining fined over alleged pollution
Date:May 20, 2019
Tanzania’s Mining Minister said on Monday that Acacia Mining had been fined 5.6 billion Tanzanian Shillings ($2.4 million) for alleged pollution at its North Mara mine.
Nigeria hopes for oil supply cut deal extension
Date:May 20, 2019
Nigeria’s Oil Minister said on Sunday he hoped the supply cut agreement between the Organisation for Petroleum Exporting Countries (OPEC) and non-OPEC members would be extended until year-end.
India shares hit record high over Modi election victory forecasts
Date:May 20, 2019
Indian shares hit a record high Monday after exit polls from the country's marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi.
Ford Motor Co to cut 10% of white-collar jobs
Date:May 20, 2019
Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7000 jobs by the end of August as part of its larger restructuring in a move that will save the number two automaker $600 million annually.
Pioneer Foods first-half earnings down on maize shortfall
Date:May 20, 2019
South Africa’s Pioneer Food Group reported a decline in half-year earnings on Monday, driven down by maize shortages, sending its shares down more than 8%.
UK lawmakers expose loopholes in anti-money laundering bill
Date:May 20, 2019
United Kingdom lawmakers criticised proposed anti-money laundering legislation, saying the bill doesn’t do enough to force foreign owners to disclose their property holdings in Britain.
Zimbabwe central bank ‘secures’ $500 million to ease Dollar shortages
Date:May 20, 2019
Zimbabwe’s central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and ease a Dollar crunch that has brought fuel and medicine shortages, Governor John Mangudya said.
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