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Bank of Tokyo-Mitsubishi Fined $315m

Bank of Tokyo-Mitsubishi (BTMU) has been fined $315m (£200m) by US authorities for watering down a report about transactions involving Iran and other sanctioned...
Business

Egypt To Repay Debts To Foreign Oil Companies Within Six Months

Egypt plans to repay all of the $4.9 billion debt owed to foreign oil and gas companies within six months, the oil ministry said...
Business

Odinkalu, Others Sue CBN for N65 ATM Charge

Three Nigerians have filed a suit against the Central Bank of Nigeria, CBN, for its recent decision to reintroduce charges on cash withdrawals from...
Business

Tanzania Says LNG Project Could Cost Up To $30 bln

A planned liquefied natural gas (LNG) export plant to develop Tanzania's vast gas reserves could cost up to $30 billion, the energy minister said,...
Business

Strikes Cast Shadow over Ford’s South African Investment Prospects

U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief...
Business

Oil Below $80 Hits Rouble, Naira; Politics Weighs on Ukraine

A renewed downward lurch in oil prices put emerging market commodity currencies under more pressure on Thursday, with Russia's rouble facing additional headwinds from...
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