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Kenya
Business Beat: CBK calls for calm as shilling slides
The sound of a falling shilling can taint the legacy of Kenya's central bankers, cause panic and spark raging debate on its impact on the economy.
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Kenya
Business: IMF now predicts sluggish economic growth for Kenya
Kenya's economic growth rate will slow in 2017, from about six per cent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official has said.
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Kenya
Business Beat: Why Kenya is losing its most precious market
Kenya National Bureau of Statistics (KNBS) data last week showed Kenya's exports to Uganda had declined by a massive 20 per cent in the first 10 months of 2016.
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Kenya
Business: Safaricom stock defies bear run as NSE 20 index hits 7-year low
The Nairobi Securities Exchange (NSE) index of 20 blue-chip companies closed last week below the psychological 3,000-level.
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Giappone
Global Investment Banks Revise Korea's Economic Growth Forecasts Downward
A group of global investment banks has revised their 2017 economic growth forecast for Korea downward. Japan's Nomura Securities issued a pessimistic outlook, saying that Korea's economic growth rate for 2017 would remain low at 2.0 percent. According to industry sources on January 15, the world's ten major investment banks, ...
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USA
GM Korea chief says will reach double-digit market share in 2017
GM Korea Co., the South Korean unit of US automaker General Motors Co., will again see domestic sales grow this year, it
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Russia
For Trump, Three Decades of Chasing Deals in Russia
Donald J. Trump, and eventually his children, repeatedly sought business in Russia as far back as 1987, in a variety of ventures. But none got off the ground.
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Uruguay
Trump Attacks BMW and Mercedes, but Auto Industry Is a Complex Target
The globalized trade in vehicles, in which Detroit owns European brands and German cars come from Alabama, could make it hard to raise barriers.
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Nigeria
IMF predicts 0.8% growth for Nigeria’s economy
Oyetunji Abioye The International Monetary Fund on Monday said that Nigeria would recover from economic recession this year, projecting that the country’s economy would grow by 0.8 per cent. In its latest World Economic Outlook released on Monday, the IMF said that Nigeria’s Gross Domestic Product would grow by 0.8 ...
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USA Nigeria
Reps grill Adeosun, Udoma on forex crisis, rising inflation
John Ameh, Abuja Members of the House of Representatives, on Monday, grilled the Minister of Finance, Mrs. Kemi Adeosun, and the Minister of Budget and National Planning, Senator Udoma Udo Udoma, on the free fall of the naira against the US dollar and the rising inflation in the country. Lawmakers ...