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Emerging nations plan their own World Bank, IMF

In this Sept. 5, 2013 file photo, from left, Brazil's President Dilma Rousseff gestures to then Indian Prime Minister Manmohan Singh, Russia's President Vladimir Putin, China's President Xi Jinping and South African President Jacob Zuma, as they gather for a group photo after a BRICS leaders' meeting at the G-20 Summit in St. Petersburg, Russia. AP

Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.

Posted: July 15th, 2014 in Latest Business Stories | Read More »

Nigeria becomes Africa’s biggest economy

Nigeria-Economy

Nigeria on Sunday became Africa’s biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country’s gross domestic product.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Fossils show ‘weird’ mosaic of chimp-human traits

Pre Human-Creature

She walked with a knock-kneed gait, with a heel like a chimp but the upright posture of a human, and she may provide the most complete evidence yet of early man’s closest ancestor, scientists said Thursday.

Posted: April 12th, 2013 in Latest Business Stories,Science and Health | Read More »

De Beers invests in new South African diamond mine

de-beers

The world’s leading diamond company De Beers announced Friday a $2 billion investment in a new South African diamond mine that will begin production in 2021.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

$340M Far Southeast Project deal facing delay

By

Listed Lepanto Consolidated Mining Co. and Gold Fields Limited of South Africa may have to wait longer than expected before completing their part of the $340-million deal involving the Far Southeast Project in Mankayan, Benguet province.

Posted: June 19th, 2012 in Headlines | Read More »

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