Governor Samuel Ortom of Benue State has again denied any plan to dump the All Progressives Congress (APC).
Updated 2 Years ago

Philippines President Rodrigo Duterte marked the week leading to his first 100 days in office with renewed attacks on the country's alliance with the United States.
Updated 4 Years ago

The History-making coach Imama Amapakabo has announced his contract with Rangers ended Sunday after he led the club to win the Nigeria league after 32 years.
Updated 4 Years ago

Mexico's economy ministry has imposed antidumping duties on imports of galvanized welded wire mesh from China. The duties were set at US$2.08/kg following an investigation launched in June 2013 after a complaint by Mexican steelmaker DeAcero, which said the product was being imported at below fair value, posing a threat to domestic producers.
Updated 6 Years ago

More than 200 Polish miners obstructed Russian coal trains at the border in northeast Poland, threatening that any future trains will also be stopped, to protest the “dumping” of Russian coal imports that are hurting Poland’s struggling mining industry. The Russian coal was stopped at the Polish-Russian border crossing at Braniewo-Mamonowo, and was led by mining union leaders, local Polish media reported Wednesday.
Updated 6 Years ago

Eight people were indicted on charges of defrauding thousands of investors in penny stocks through a $290 million “pump-and-dump” scheme, Manhattan District Attorney Cyrus Vance Jr. said. Three stock promoters -- Anthony Thompson, 38, of Bethesda, Maryland; Eric Van Nguyen, 30, of Quebec; and Jay Fung, 40, of Delray Beach, Florida -- are accused of working with five others from April 2009 to May 2012 to drive up prices of penny stocks to induce investors to buy shares, Vance said today in a statement.
Updated 6 Years ago

As US import of Nigeria’s crude oil continues to fall, the western country’s patronage of Angolan crude is now steadily climbing above that of Nigeria, the reasons for that is what this report explains. According to the US’ Energy Information Administration (EIA) data; While Nigeria’s oil exports to the US for the first half of 2014 stood at 20.596 million, the imports from Angola hit 23.733 million, rising above Nigeria for the for the first time. Although the US announced the reduction of oil imports from Nigeria this year, the shift became evident in the second half of last year when oil imports fell more than 50 percent while imports from Angola rose by over 2 percent.
Updated 6 Years ago

The US Commerce Department on Tuesday set preliminary dumping rates on imported steel wire rod from China, signaling that it may impose punitive duties on the products. The department made its preliminary affirmative determination that carbon and certain alloy steel wire rod from China has been sold in the United States at dumping margins ranging from 106.19 percent to 110.25 percent.
Updated 6 Years ago

Gold-backed funds that heralded record prices in 2011 and last year’s biggest sell-off in three decades are becoming less useful as market predictors. After a decade of changing mostly in tandem, gold prices and holdings in exchange-traded products backed by bullion have the most-negative correlation since 2004. Investment in ETPs are headed for a fifth straight week of moving in the opposite direction of New York futures, data compiled by Bloomberg show. That would be the longest stretch since 2012, before investors began dumping gold.
Updated 6 Years ago

Deposit Money Banks in the country have been forced to spend millions of dollars to deploy imported and locally-manufactured computer solutions to protect their Automated Teller Machines from hackers, investigation by our correspondent has revealed. Top bank executives disclosed to our correspondent on Tuesday that the development followed the termination of Microsoft’s security and safety support for the Windows XP Operating System on April 30, 2014.
Updated 6 Years ago