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Sanusi Bags African Central Bank Governor of the Year

October 11, 2010   [Washington, October 9th 2010]: In recognition of his radical intervention in Nigeria’s financial sector to prevent a bigger collapse at the height of last year’s crisis, the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, has been awarded the accolade of Central Bank […]

Finance leaders fail to resolve currency dispute

By MARTIN CRUTSINGER and HARRY DUNPHY, Associated Press Writers WASHINGTON – Global finance leaders failed Saturday to resolve deep differences that threaten the outbreak of a full-blown currency war.   Various nations are seeking to devalue their currencies as a way to boost exports and jobs during hard economic times. […]

China’s CNOOC signs LNG deal with GDF Suez

Sat Oct 09 2010 SHANGHAI – Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA. The deal, signed in Shanghai with CNOOC’s wholly owned CNOOC Gas and Power Group, calls for France’s partially state-owned gas and electric […]