Dilemma X

Poland plans to invest 3.1 billion U.S. dollars in seaports by 2020 Xinhua WARSAW– Poland plans to invest seaports over 3.1 billion U.S. dollars (about 10 billion PLN) in the years 2014-2020, Transport Minister Slawomir Nowak said in Gdansk, North Poland, on Tuesday. According to Nowak’s speech at the opening ceremony of the 17th International […]

China issues white paper on economic, trade cooperation with Africa Xinhua BEIJING– The Chinese government on Thursday issued a white paper on China-Africa Economic and Trade Cooperation, underlining latest achievements of the mutually-beneficial cooperation between China and African countries. The white paper, released by the Information Office of China’s State Council, introduces facts of trade […]

BRICS close to consensus on $100b forex reserve fund Global Times Major emerging countries, known as the BRICS group of nations, are close to reaching a consensus on creating a $100 billion foreign currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability, a senior Chinese central bank official said Tuesday. Meanwhile, […]

Brazilian oil firm HRT confident of major Namibia oil find AFP WINDHOEK– Finding large quantities of oil in Namibia is only “a matter of time” the head of Brazilian oil firm HRT said on August 15, 2013, playing down lacklustre initial drilling results. The chief executive of HRT, Milton Franke, told AFP he was confident […]

Home prices climb in 87% of U.S. cities amid recovery Bloomberg Prices for single-family homes climbed in 87 percent of U.S. cities in the second quarter as the national housing recovery accelerated amid competition for a limited number of properties on the market. The median transaction price rose from a year earlier in 142 of […]

Africa Investment-China brings goods and roads, now Africa wants jobs By Daniel Flynn Reuters DAKAR – China has brought cheap consumer goods, roads and schools to many parts of Africa over the last decade but the continent’s leaders are increasingly pushing for it to provide more of what many Africans want most: jobs. From Pretoria […]

Two NFL franchises don’t make the Forbes list “The World’s 50 Most Valuable Sports Teams 2013″ The Dallas Cowboys are the only NFL franchise in the top 5 of the annual Forbes list, which was released on Monday. The Cowboys have been the most valuable NFL franchise since 2007 due to sponsorships and premium seating […]

Chevron puts downtown Houston building plans on hold Updadted December 19, 2013 ABC 13 KTRK Houston HOUSTON- California-based Chevron Corporation has put on hold its plans to build a new 50-story office tower in downtown Houston. The company announced its July that it would build the tower near two others it owns downtown. Chevron says […]

South Africa: R56bn (US $5.55 billion) train deal gets the green light By Anna Cox The Star The R56 billion ($5.55 billion US), 10-year project to replace and transform South Africa’s passenger rail industry into a world-class service is going ahead. A recent visit by The Star to Alstom, the company that forms part of […]

ONGC, Oil India to Pay $2.5 Billion for Mozambique Field Stake By Rakteem Katakey Bloomberg Oil & Natural Gas Corp. (ONGC) and Oil India Ltd. (OINL), India’s biggest state-run explorers, will pay $2.5 billion to buy a stake in a Mozambique natural gas field from Videocon Industries Ltd. (VCLF) The two Indian companies will buy […]