CSC Nanjing Tanker Corp. (600087), the first stock set to be delisted from Shanghai’s exchange in seven years as China seeks to bolster its markets, plunged as it began its final 30 days of trading. Shares of the oil-shipping company, which has posted four consecutive annual losses, fell 9.8 percent to 1.47 yuan as of 9:40 a.m., compared with a 0.3 percent decline for China’s benchmark Shanghai Composite Index. (SHCOMP) The stock, which had been suspended for a year until today, will move to an over-the-counter board for small- and medium-size enterprises after 30 trading days, according to the company.
Updated 6 Years ago

Manufacturing will take center stage in the global economic watch this week, with the U.S. projected to fare better than the rest. Orders (CGNOXAI%) for American-made capital equipment such as computers and machinery probably climbed in March by the most in four months, economist forecast an April 24 report will show. In the euro zone, a report may indicate factories are growing at a steady pace in April, while similar figures out of China will probably signal factories in the world’s second-biggest economy are pulling back, though not as severely as in March.
Updated 6 Years ago

The parents of more than 80 kidnapped Nigerian schoolgirls joined the hunt for their children, a local organization said, as the government grappled with its response to the Boko Haram Islamic group suspected of seizing them. A total of 129 students at a boarding school in the region of Borno, Boko Haram’s home state, were abducted in a raid by gunmen on April 14. There are 82 school girls still missing, according to Borno State Governor Kashim Shettima, after the rest escaped. Boko Haram was also responsible for a bombing last week in the capital Abuja that killed at least 75 people.
Updated 6 Years ago

The average price for regular gasoline at U.S. pumps jumped 8.5 cents in the past two weeks to a 13-month high of $3.6918 a gallon, according to Lundberg Survey Inc. The survey covers the period ended April 18 and is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company.
Updated 6 Years ago

Tesla Motors Inc. (TSLA) is poised to begin deliveries of the Model S sedan in China as Chief Executive OfficerElon Musk tests the reluctance of consumers in the world’s largest auto market to buy electric cars. The billionaire chairman, who’s in Beijing this week, will host an event tomorrow to mark the occasion, according to the Palo Alto, California-based company. The electric-car maker has been taking orders since August and opened an 800-square-meter (8,600 square feet) store in a Beijing shopping mall late last year to showcase its vehicles.
Updated 6 Years ago

Wall Street is betting that Apple will offer investors tens of billions of dollars in new share buybacks this week, as long-awaited product launches remain locked inside its Cupertino labs. Apple will also reveal the impact of iPhone sales through China Mobile when it reports second-quarter earnings on Wednesday, with an overall dip in revenues forecast in what is often a fallow period for the mobile phone market.
Updated 6 Years ago

Ukraine’s crisis was, predictably, at the center of Vladimir Putin’s annual televised interview. He said the situation can only be solved through a compromise between internal players. Below are the president’s ten most significant quotes. “[Yanukovich] didn’t have the heart to sign an act that would see force used against his citizens.”
Updated 6 Years ago

What I want people to know about me is that I am a Nigerian, I eat breathe and sleep your challenges and I am committed to making sure my children are not brought up in a country that mirrors what we have today and as am not a political or social activist I am using my skills as a visionary to effect development true enterprise. As for Liven Capital it is made up of similarly passionate Nigerians from all over the country who bring to bear creative ideas that solve problems which also affects them, we welcome any Nigerian who are excellent to join our team, we believe that within the mass of the Nigerian citizenry we can find everything we need to build a new Nigeria.
Updated 6 Years ago

Many readers might say, ”We live from hand to mouth and we barely have food to eat. Why would I have a medicine cabinet that I may never use?” In an all-good world, we would not need to be prepared for adversities but we do not live in an all-good world.
Updated 6 Years ago

Apple Inc. (AAPL), AT&T Inc. (T) and 11 other smartphone makers and wireless companies agreed to offer technology next year that would let customers remotely wipe data from their devices and render them inoperable when stolen.
Updated 6 Years ago