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An oil pipeline run by a subsidiary of Italian oil firm Eni SpA has ruptured and caught fire in Nigeria as a militant group claimed responsibility for an attack.
The fire happened Saturday night near Brass River in Nigeria’s Bayelsa state. Witnesses told a local environmental group they heard the blast from their homes.
The Movement for […]
The world’s biggest beer-maker is placing a big bet on a new brew.
Anheuser-Busch InBev this week is rolling out Bud Light Platinum, an upscale version of its best-selling label. It’s the brewer’s latest bid to pump up flagging sales of its flagship brand, and to counter liquor sales that are taking a bite out of […]
The stock market appeared headed Tuesday for its best January finish since 1997. Stocks climbed because of hopes that Greece was finally close to resolving its debt problem, then lost ground after an unexpected drop in consumer confidence.
The Dow Jones industrial average was down two points at 12,652 just before 10:30 a.m. EST. The Standard […]
The fragility of the global economy is the greatest threat to the banking industry as a return to recession could mean more losses from bad loans and bank failures, according to an industry survey.
Macro-economic risk rose to become the number-one concern among bankers, the Centre for the Study of Financial Innovation, a forum for […]
Egyptian security forces stormed the offices of 10 human rights and pro-democracy groups on Thursday, including several based in the U.S., accused by the country’s military rulers of destabilizing security by fomenting protests with the help of foreign funding.
The raids on 17 offices throughout Egypt are part of the ruling generals’ attempt to blame “foreign […]
Industrial output declined in November for the first time in seven months as manufacturing activity slumped, countering recent signs of improvement in the economy.
Production in the industrial sector eased 0.2 percent last month, the first drop since April, following a 0.7 percent gain in October. Analysts in a Reuters poll had been looking for […]
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Lithuania’s central bank said it would dismantle a bank controlled by a Russian businessman after regulators discovered large sums of money missing.
Lithuanian prosecutors said Friday that Raimondas Baranauskas, minority owner of Snoras Bank, has been detained in London after they had issued a European arrest warrant on Wednesday.
Prosecutors could not say whether Russian citizen Vladimir […]
An independent British medical watchdog says the first treatment proven to help people with the deadliest form of skin cancer is too expensive to be used by the U.K.’s health care system, a recommendation critics called a potential death sentence.
The drug, Bristol-Meyers Squibb’s Yervoy, has offered some hope to people with advanced skin cancers, though […]