November 8, 2016/Reuters Nigeria has reached an “outline settlement” worth $5 billion with five oil majors to cover outstanding payments for joint exploration and production, the Financial Times said on Tuesday. The OPEC member’s state oil firm NNPC has over years piled up unpaid bills, so-called cash calls, that it […]
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Wall Street gains as traders bet on Clinton triumph
November 8, 2016/Reuters By Noel Randewich U.S. stocks rose for a second straight session on Tuesday as investors bet Democratic candidate Hillary Clinton would win the U.S. presidential election. Wall Street sees the former secretary of state as a status quo candidate lending stability to the markets, while Republican candidate […]
Statement by IMF Managing Director Christine Lagarde on Egypt
November 8, 2016/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “Over the past few months, the Egyptian authorities have embarked on an ambitious reform program to put the country’s economy on a sustainable path and achieve job-rich growth. “The liberalization of […]
