URUMQI - Northwest China's Xinjiang Uygur autonomous region broke ground for the construction of a border trade zone Friday to boost trade between local residents and their foreign neighbors. Taxkorgan Tajik autonomous county, which hosts the project on the Pamirs Plateau in southern Xinjiang, borders Pakistan, Afghanistan and Tajikistan.
Updated 5 Years ago

The World Bank said it had approved 495.3 million dollars (about N80.7 billion) to boost agriculture in Northern Nigeria.This is contained in a statement issued by Mr Bamidele Oladokun, Communications Associate to the World Bank, in Abuja.
Updated 5 Years ago

There are many differing views on what makes someone an entrepreneur and what an entrepreneurial venture is. The term itself is believed to have originated from French, coined by a French economist, Jean-Baptiste Say, in about 1800, who defined an entrepreneur as “one who undertakes an enterprise , especially a contractor, acting as intermediary between capital and labour.”
Updated 5 Years ago

Israeli Prime Minister Benjamin Netanyahu said the United States should try to weaken both Iran and the Sunni Muslim insurgents driving toward Baghdad, urging the Obama administration not to work with Tehran to help stabilize Iraq. "What you're seeing in the Middle East today in Iraq and in Syria is the stark hatreds between radical Shi'ites, in this case led by Iran, and radical Sunnis led by al Qaeda and ISIS and others," Netanyahu told the NBC program "Meet the Press," referring to the group Islamic State of Iraq and the Levant.
Updated 5 Years ago

The appreciation recorded at the last trading , last week, according to market operators was due to price gains made by some capitalised firms.
Updated 5 Years ago

Argentina may hyperventilate about greedy hedge funds right up to and past the point of another default on US$100 billion of bonds, but posturing and talk won’t stop events beyond its control from forcing a settlement with holdout bondholders, whether it’s next week, next month or next year, experts said. Faced with dwindling foreign exchange reserves, a US$6 billion principal and interest payment on another bond that matures next year, the nation can’t risk closing the door on access to international capital markets to solve a coming cash crunch and a potentially even bigger default.
Updated 5 Years ago

The level of financial literacy among Nigerians plays a very important plays a major part in determining the number of retail investors that participate in the capital market. The President, David Graduate School, Mr. Tunde Adeyemi, said this in Lagos ahead of a workshop for bankers, financial analysts and other market stakeholders.
Updated 5 Years ago

The decision of the Bankers Committee to speak in one voice with the new leadership of the Central Bank of Nigeria over the latter’s plan to reduce interest rates, at a later date, is a plus for the new CBN Governor, Godwin Emefiele, and the Nigerian economy, reports Festus Akanbi
Updated 5 Years ago

In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash. But people like Chinese accountant Grace Mi and her peers in their 20s and 30s are changing the car financing game and are the ones catching the attention of global carmakers looking to boost revenue and defend margins in an increasingly competitive market.
Updated 5 Years ago

The Nigerian Communications Commission (NCC) is unhappy with a telecommunications firm, MTN, over its violations of the commissions’ regulatory obligations to its dominant status in the telecoms sector and also for violating the ban on promos on its network.
Updated 5 Years ago