Economy

Tokyo stocks close sharply down on Jerusalem worries

Tokyo's benchmark stock index closed nearly 2 % lower on Wednesday as investors stepped up selling on news that United States President will recognise Jerusalem as Israel's capital.

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Resumption of US visa services 'right step': Russia

The Russian Foreign Ministry said on Tuesday that the United States Embassy decision on resuming visa services in US consulates in Russia was a step in the right direction.

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China, Hong Kong shares fall as PBOC calls for higher rates

Shanghai stocks fell to three-month lows while Hong Kong shares dropped to their lowest level in a month on Wednesday morning, amid rising expectations that central banks will tighten liquidity, pushing interest rates higher.

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Namibian education, agriculture receives $148 million boost

The African Development Bank (AfDB) has approved a total of 148 million US Dollars in loans to boost Namibia's education and agriculture sectors, it said on Tuesday.

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SA GDP expands in third quarter

South Africa's economy grew by 2% in the third quarter of 2017 after expanding by a revised 2.8% in the second quarter, Statistics South Africa said on Tuesday.

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Somalia needs investment and improved living conditions

The Somali government, leaders from the African Union (AU) and the United Nations (UN) have called for greater investment in Somalia’s economic development to create more job opportunities and improve its living conditions.

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Data workers prove a rare resource for Barrick

Barrick Gold, the world's biggest gold miner, is staking new ground in a dogged push to overhaul its operations, seeking scarce artificial intelligence experts to oversee projects using technology for everything from exploration to robot-run mining.

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European Union blacklists 17 non-EU tax havens

European Union ministers adopted on Tuesday a blacklist of 17 non-EU tax havens including Panama, South Korea and the United Arab Emirates after a year of tough negotiations.

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Marketing Southern African country has become difficult, says Brand SA

Head of Brand South Africa, the organisation which promotes the country's image on the world stage is in the United States. But in light of political developments, sovereign debt downgrades and high unemployment, South African Ambassador to the US

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Zambia to refinance Eurobonds in 2019 to ease debt

Zambia will begin refinancing Eurobonds worth $2.8 billion in 2019 to reduce the cost of debt servicing for Africa's number two copper producers, a senior government official said on Monday.

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