Archive for June 2nd, 2008

Zambia identifies challenges to attaining FTA, Customs Unions

Monday, June 2nd, 2008

The Zambian government has said improving customs, immigration process, administration over lapping membership among southern African countries were major challenges to attaining the free trade area (FTA) of the Common Market for Eastern an ...

London stock market opens lower on banks

Monday, June 2nd, 2008

Banking shares pulled the London stock market lower Monday morning after Bradford & Bingley announced a revamped rights issue. B & B fell 20 percent after the bank said it had agreed to sell a 23 percent stake to private equity firm ...

UK, German gov’ts’ landlord reveals a loss

Monday, June 2nd, 2008

Wichford, the UK landlord that leases offices to the British and German governments, reported a loss for the first half on a revaluation of its investment properties following a slump in housing markets. The net loss for the six mon ...

UN official speaks highly of free trade area in Africa

Monday, June 2nd, 2008

A United Nations Economic Commission for Africa (UNECA) official has said the harmonization of 215-million-people market in southern Africa through the Free Trade Area (FTA) is a panacea to galloping poverty levels in the region. ...

Africa’s economy to grow by 5.9% over next two years

Monday, June 2nd, 2008

Africa's economic growth is expected to continue at 5.9 percent over the next two years, according to African Economic Outlook (AEO) 2008 which will be presented to the public in Paris on June 27. Africa's economic growth is estimat ...

Report: Toyota may cut U.S. sales forecast

Monday, June 2nd, 2008

Toyota Motor is considering lowering its U.S. sales forecast as record gasoline prices damp the demand for pick-up trucks and other big vehicles, media reports said on Monday. Katsuaki Watanabe, Toyota's president, told the Financia ...

APEC trade ministers end meeting in Peru, signing draft declaration on trade

Monday, June 2nd, 2008

Trade ministers from the Asia-Pacific Economy Cooperation (APEC) forum Sunday ended their 14th meeting in Peru's southern city of Arequipaon with a draft Declaration on Doha Agenda for Development. The two-day meeting discussed how ...

S Korea plans to sell KDB by 2012

Monday, June 2nd, 2008

South Korea plans to sell state-owned Korea Development Bank (KDB) by 2012 through share sales and private sales, said the South Korea's Financial Services Commission (FSC) on Monday. According to the FSC, the South Korean governmen ...