Dilemma X

Nigeria, Indonesia sign $960 million investment deal AFP Nigeria and an Indonesian consortium on Monday signed a $960 million investment deal involving the mining, oil and rubber sectors in two southern states, a government statement said. Trade Minister Olusegun Aganga signed the memorandum of understanding with Indonesia’s Bakrie Group chief, Indra Bakrie, for the investments […]

November 2011 unemployment rate for whites decreased while it increased for African Americans White male unemployment lowered to 7.3% while African American male unemployment increased to 16.5% White female unemployment lowered to 6.9% while African American female unemployment increased to 12.9% Source: U.S. Bureau of Labor Statistics African American unemployment African American unemployment for November 2011 […]

S&P Hits Biggest US Banks With Credit Rating Downgrades By Mark Gongloff The Wall Street Journal S&P has reviewed its credit ratings for 37 of the world’s biggest banks, cutting the ratings of several, including all of the Big Six. This is not the most shocking news in the world, but it is not good […]

5 Reasons to Skip Black Friday Sales By Kimberly Palmer | US News & World Report This year’s Black Friday deals are impressive: Many discounts will continue long after Black Friday is over. The best deals are only available to a few people. When you do score a discount, it often just leads to more […]

New plastic $100 bill not thief-proof, store owners say Michelle McQuigge The Canadian Press TORONTO — If money talks, Canadian retailers may not be listening. Store owners who are impressed with the security innovations built into the new $100 bill aren’t in any rush to stuff them into their tills or accept them from customers, […]

New producer Ghana targets $768 million from oil AFP ACCRA — Ghana, which only began large-scale oil production less than a year ago, is targeting oil revenue of about $768 million in 2012, the nation’s finance minister said on Wednesday. Presenting the government’s 2012 budget to parliament, Finance and Economic Planning Minister Kwabena Duffour also […]

For the Oppenheimers, diamonds are not forever   By Marius Bosch Reuters   JOHANNESBURG Nov 4, 2011 – For over 80 years, South Africa’s Oppenheimer family held sway over the global diamond trade, an era which came to an end of Friday with Anglo American’s buyout offer for De Beers. The $5.1 billion the family will […]

Thursday, October 6, 2011 South Sudan has sold 22 million barrels of oil AFP – South Sudan has sold 22 million barrels of oil to international buyers through the north’s Port Sudan export terminal since independence, at an estimated value of $2.14 billion, the oil ministry said. “Since achieving independence on July 9, 2011, the ministry […]

Bank of America, Wells Fargo and Sun Trust recently announced that they will charge customers a monthly fee to use their debit cards for purchases. Some financial experts are expressing concerns that the fees will push low-income and minority customers out of the banking system. Michel Martin hears from Tell Me More’s regular finance contributor […]