The IMF forecast that France will fall into recession this year with PARIS: The IMF forecast on Tuesday that France, the eurozone's second-largest economy, will fall into recession this year with the economy contracting by 0.1 per cent. In its latest revisions, the International Monetary Fund dropped its previous forecast of ... Read More

In his budget proposal for 2013, US president Barack Obama called for more money to be fed into cyber security to protect the country from cyber attacks. President Barack Obama proposed on Wednesday increased spending to protect U.S. computer networks from Internet-based attacks in a sign that the government aims to ... Read More

LONDON - A.P. Moller-Maersk  -0.46% stuck to its forecast for a lower net profit in 2013 as weak economies in developed markets continue to hold back container shipping rates. Maersk's Chairman Michael Pram Rasmussen told shareholders at the company's annual meeting in Denmark that 2012 was marked by "low growth in ... Read More

LAGOS - Nigeria's stock exchange .NGSEINDEX is reviewing applications from some leading global investment banks to join its trading floor, as reforms aimed at improving liquidity and transparency bear fruit, its CEO said on Wednesday. Bourse CEO Oscar Onyema told the Reuters Africa Investment Summit in Lagos that a return of ... Read More

Job vacancies at financial-services companies in London jumped by 25 percent in the first quarter as firms bolstered their compliance and risk-management divisions to placate regulators, a survey showed. Vacancies in London’s main financial district, known as the City, and elsewhere in the British capital climbed to 7,308 from 5,859 in ... Read More

Qatar's Prime Minister Sheikh Hamad bin Jassim al-Thani Qatar has agreed to buy bonds from Egypt worth $3 billion over and above a previously announced aid package, its Prime Minister Sheikh Hamad bin Jassem Al Thani said Wednesday. "We have agreed to add Egypt government bonds worth $3 billion," Sheikh Hamad ... Read More

The World Bank has approved a line of credit worth $250 million for three African countries namely Uganda, South Sudan and Mozambique. The Bank is lending $150 million to aid Uganda’s local governance, $50 million for South Sudan’s local governance delivery programme and another $50 million credit to boost technical assistance ... Read More

(TRADE NEWSWIRE): Food drinks and confectionery giant Cadbury Nigeria Plc, today announced plans to pay dividends to its shareholders on the strength of its 2012 financial performance, TRADE NEWSWIRE reports. This was made known to TRADE NEWSWIRE in a statement obtained from the Corporate Affairs Manager, Cadbury Nigeria Plc, Kufre Ekanem, on ... Read More

BARCELONA: US credit card giant Visa announced Monday a global alliance with Samsung to let shoppers make payments by waving their smartphones near a special reader. The deal could significantly boost the long-touted use of smartphones to pay for goods worldwide without any physical contact, and without the need either for ... Read More

(TRADE NEWSWIRE): The Bank of Industry (BOI) which was reconstructed in 2011 from the Nigerian Industrial Development Bank (NIDB) that was incorporated in 1964 is known to be Nigeria’s oldest development finance institution, TRADE NEWSWIRE reports. BOI’s products and services include long-term financing, equity financing, leasing documentary credits and business development ... Read More