Sovereign debt crisis in Europe, a much weaker-than-expected Euro and slightly higher-than-expected non-OPEC supply has forced Bank of America-Merrill Lynch (BofAML) to revises its WTI and Brent crude oil forecasts for second half of 2010 from $92/barrel to $78 per barrel. Yet despite the much reduced likelihood of a robust upswing in global economic activity, BofAML remain cautiously optimistic that the breadth of the recovery outside Southern Europe will prevent a double-dip scenario. Hence it...
Fake or substandard versions of medicines are often hidden in cargos taking circuitous routes to mask their country of origin as part of criminal activity worth billions, they add.
(Reuters) - More than two thirds of the estimated 8.8 million deaths in children under five worldwide in 2008 were caused by infectious diseases like pneumonia, diarrhea and malaria, according to a study on behalf of the World Health Organization and the United Nations Children's Fund (UNICEF).
After the US launched its first palladium ETF recently, it is the turn of South Africa now South African stock exchange operator, JSE, will launch a platinum ETF soon. It is also looking to list an Africa ETF in South Africa, with blue-chip companies.
Oil hovered near $80 a barrel on Thursday, after earlier hitting a six-week low as fears that Greece's economic crisis may spread to other European nations raised uncertainty over future global energy demand. The euro fell to a 14-month low, while the U.S. dollar strengthened as skepticism that Greece could deliver on its promises of strict austerity measures dominated financial markets.
Chevron Corp's quarterly profit more than doubled, beating forecasts, as a bounce in oil prices offset lower refinery earnings at the second-largest U.S. oil company.
The six-meter high red, blue and gold ball recently painted on the side of the Alwyn alpha rig is the largest Total logo in the world -- a sign of Big Oil's growing focus on its heartlands.
The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.
Few small businesses would choose to set up shop in a poorer section of town, but at a time when capital is hard to come by, the financial benefits for inner-city entrepreneurs can be significant.
The International Energy Forum (IEF) will discuss major industry concerns including oil-price volatility and the outlook for supply and demand at is ministerial conference starts here Tuesday. The world's largest forum of energy producers and consumers, accounting for more than 90 percent of global oil and gas supply.
A Nigerian civil rights group said Wednesday it would appeal an Islamic court order to shut down its chat forums on Facebook and Twitter which criticize the practice of Islamic law in northern states.
German car and truck maker Daimler AG was charged on Tuesday with violating U.S. bribery laws by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals.
The board of India's Bharti Airtel on Saturday approved a $9 billion offer for Kuwaiti telecom Zain's African assets, Bloomberg reported, citing two people with knowledge of the negotiations.
Growing up in Ghana, Ashifi Gogo was amazed that he could surf the Internet on his mobile phone from anywhere, but couldn't always get clean tap water to drink. The only state-of-the-art infrastructure we have is our cellphone network,
Twelve people in a Christian village in Central Nigeria were killed Wednesday morning by attackers with machetes who set fire to homes and fired gunshots into the air.
Growing up in Ghana, Ashifi Gogo was amazed that he could surf the Internet on his mobile phone from anywhere, but couldn't always get clean tap water to drink.
Nigeria's controversial oil industry bill is expected to eventually pass but the government may find it tough to later shift gears as international oil firms targeted under the legislation scale back their investments.
Extortion by corrupt officials in Russia has got so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.
China Mobile's 3G outlook will take center stage this week as China's three telecoms carriers begin to kick off quarterly results, with market focus on whether the nation's dominant player will turn up the volume in its low-key 3G roll-out.
Reported losses from Internet fraud more than doubled in 2009, with scams that falsely used the FBI's name generating the most complaints, the law enforcement agency said on Friday.
Sporadic shooting rang out overnight in the central Nigerian city of Jos and witnesses said at least one person was killed by soldiers enforcing a curfew days after attacks on three nearby Christian villages.
U.S.-based Human Rights Watch on Tuesday urged Nigeria to prosecute those behind what it called a massacre of at least 200 Christian villagers and end a cycle of impunity which has allowed instability to persist.
