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Thai stocks opened down 0.01% at the start of trade this morning.

The African Export-Import Bank (Afreximbank) says it has signed a Memorandum of understanding (MOU) with Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, on investment financing. A statement by the bank on Wednesday quoted Dr Benedict Oramah, the President of Afreximbank, as saying that the collaboration would open ...

India has created history by successfully launching 104 satellites on a single mission, overtaking the previous record of 37 satellites launched by Russia in 2014. All but three of the satellites are from foreign countries, most of them from the United States, the BBC reports. The launch took place from ...

China’s Foreign Ministry on Wednesday warned Washington against challenging its sovereignty, responding to reports the United States was planning fresh naval patrols in the disputed South China Sea. On Sunday, the Navy Times reported that U.S. Navy and Pacific Command leaders were considering freedom of navigation patrols in the busy ...

Sokoto State governor, Aminu Waziri Tambuwal has suggested possible pathway for the nation to overcome recession, saying that embarking on capital projects such as road construction and injection of more monies into the economy remained the best way out of the current recession. He also blamed the immediate past government ...

The federal government has said that the Nigerian economy is already on its way out of recession. The government based it’s assertion on the 8-fold over subscription of its recent Eurobond (orders in excess of US$7.8 billion compared to a pre-issuance target of US$1bn), which the government posits has demonstrated ...

The dollar climbed to levels around ¥114.50 in Tokyo trading Wednesday after U.S. Federal Reserve chief Janet Yellen suggested overnight that the central bank is open to an interest rate hike as early as next month. At 5 p.m., the dollar stood at ¥114.47-51, up from ¥113.55-59 at the same ...

SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the company’s soon-to-be-established technology investment fund. SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium to the company’s Feb. 13 closing price, according to a statement ...

Another scandal, revealed by a whistleblower, has hit already-embattled Toshiba Corp., further eroding the market credibility of its corporate governance. At noon Tuesday, the 140-year-old company, which has been working to put an accounting scandal behind it, missed a deadline to release an earnings report for the April to December ...

Stocks staged a sharp rebound on the Tokyo Stock Exchange Wednesday, boosted by the yen’s drop and strengthening U.S. equities overnight. The 225-issue Nikkei average gained 199.00 points, or 1.03 percent, to end at 19,437.98. On Tuesday, the key market gauge lost 220.17 points. The Topix index of all first-section ...