Dollar slumps on Russia probe report, Tokyo stocks slide

  The beleaguered dollar struggled to recover from a fresh slump Friday triggered by a report on the probe into alleged Russian interference in the US election. The greenback was under sustained pressure against the Japanese yen, testing 110 in…

US stocks slip, with bigger losses for smaller companies

Losses for energy and technology companies left most U.S. stocks lower on Thursday. Smaller companies fared worse as the dollar remained at 15-month lows. Energy companies weakened as the price of oil turned lower, and technology companies declined as Apple…

MTN subscribers decline by 14% in Nigeria

Nigeria is MTN’s largest market with at least a quarter of its 240m subscribers. MTN Group on Thursday reported that its subscriber base had declined by 14.3 percent to 53.1 million in Nigeria in six months. This follows a review…

Malaysia central bank urged to reopen probe on indebted fund

  Malaysian opposition lawmakers urged the central bank Thursday to reopen its investigation into indebted state investment fund 1MDB that is being probed in several countries for money laundering and implicating Prime Minister Najib Razak. Some 30 lawmakers staged a…

Equity inks Sh300m deal to finance small-scale farmers

Equity Bank  and the Ministry of Agriculture have signed a Sh300 million agreement to finance farmers under phase two of the Agricultural Credit Guarantee Scheme (ACGS), in which the government provides collateral. The partnership is a risk-sharing arrangement where the government…

Pandora Media’s revenue beats on advertising boost

Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition.The company’s shares were up 1.4 percent in choppy after-hours trading on Monday. The stock was up 6 percent after the…

BP sees oil prices below $55 a barrel in 2018

BP expects global oil prices to hold within a range of $45-$55 a barrel next year as U.S. shale production grows, the British company’s chief financial officer said on Tuesday. After a slow start to the year, global oil demand…

Cameroon to boost LNG export from offshore projects

Cameroon has decided to start exporting liquefied natural gas (LNG) from its newly designed offshore plant by the end of 2017, focusing on slashing production costs and unlocking the potential of African reserves that were not so far considered economically…

Jack Ma’s visit to Africa questions Nigeria’s claim as giant of Africa

The African continent welcomed Jack Ma, CEO of Alibaba, to its shores last week. On this trip, Asia’s richest man made cursory stops in two African countries, preaching the gospel of entrepreneurship to thousands of entrepreneurs. While his visit reaffirmed…

Now Twitter is Losing Monthly Users in the U.S.

Twitter failed to attract more global monthly users in the second quarter, spooking investors looking for evidence that the company is on a sustainable long-term growth path. The shares tumbled more than 9% in early trading, even as quarterly revenue…