* Nigeria selling state power firm for $2.5 billion * Electricity shortages are huge brake on economy * More state power plants to be sold next year Nigerian President Goodluck Jonathan handed ownership of the bulk of the state electricity company to private buyers on Monday, completing one […]
Tag: Chinese
Sinopec’s Addax loses court ruling on Gabon oil licence: document
Addax Petroleum, owned by top Chinese refiner Sinopec, has lost a ruling at an international tribunal as part of a $1 billion legal battle over an oilfield in Gabon, a confidential document showed. The International Chamber of Commerce’s arbitration court, in its first decision in the dispute, rejected a request […]
ECONOMIST: ‘Why The Chinese Central Bank Is Doing More Harm Than Good’
Chinese interbank rates, or the rates at which banks lend to each other, have been rising since before the Dragon Boat festival earlier this month. A statement from the People’s Bank of China on Monday suggests that policymakers are serious about reform and are willing to take on short term […]
