Business

AP photo Iran plans to revalue its rial tenfold and revert to the currency’s old name, the toman, according to a bill approved on Dec. 7 by President Hassan Rouhani’s …

China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose …

Zambia’s Finance Minister Felix Mutati Zambia plans to refinance Eurobonds totalling around $2.8 billion that it issued between 2012 and 2015, Finance Minister Felix Mutati said on Wednesday. “The strategy …

Nigeria hopes to boost its oil production to 2.1 million barrels per day next month, the country’s oil minister Emmanuel Ibe Kachikwu said on Wednesday. Kachikwu also said he was …

Greek Finance Minister Tsakalotos listens to EU Commission Vice-President Dombrovskis during a eurozone finance ministers meeting in Brussels Greece welcomed the euro zone’s offer of short-term debt relief on Tuesday …

REUTERS photo The IMF on Dec. 5 announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight …

Chinese telecom and mobile equipment group ZTE Corp. has agreed to buy 48.04 percent of Turkish systems integration provider Netaş Telekomunikasyon A.Ş. (NETAŞ) for 358 million Turkish Liras ($101.3 million) …

Kenya Airways said on Monday it was experiencing some disruptions to its flight schedules after an undisclosed number of technicians failed to show up for work, the latest in a …

REUTERS photo The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc’s financial regulator said in a report on Dec. 2. The …

REUTERS photo Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, …