Business

China To Pitch High-Speed Trains To California

State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signaling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by...

As China Gets Tougher On Fuel Economy, Some Carmakers May Be Left Behind

Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution. But many of China's smaller...

China Must Accelerate Reforms, Not Rely On Fiscal And Monetary Policy To Drive Growth: World Bank

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China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said on Tuesday. "I would recommend not really relying more on their macro policy, specifically on the monetary...

Uduaghan Signs Bill On Micro Credit Into Law

… Says Delta To Export Fish SAN FRANCISCO, October 20, (THEWILL) – Delta State Governor, Dr. Emmanuel Uduaghan Monday signed into law, The Delta State Micro, Small and Medium Enterprises Development Agency Bill to consolidate the state's micro credit activities...

Futures Jump On Fed Speculation, Results

U.S. stock index futures jumped on Friday following a batch of solid earnings reports and on hopes the Federal Reserve might slow the wind-down of its stimulus in light of recent weakness in global demand. The S&P 500 .SPX and...

Morgan Stanley Profit Jumps 87 Percent As Trading Activity Rebounds

Morgan Stanley (MS.N) reported an 87 percent rise in third-quarter earnings on Friday as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market. Morgan Stanley's shares rose 4...

Google’s Revenue Falls Short Despite Curbing Price Declines

Google Inc's revenue fell short of Wall Street's expectations as growth in Internet advertising slowed in the most-recent quarter, offsetting a modest improvement in ad pricing, sending its shares down about 3 percent. The total number of ads, or paid...

Apple’s New iPads Sport Modest Upgrades But Short On ‘Wow’

Apple Inc's (AAPL.O) faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season expected to be swamped by mobile...

Nigeria: USAID, GuarantCo, Standard Chartered Inject Fresh $90m Into Power Sector

SAN FRANCISCO, October 14, (THEWILL) – The U.S. Agency for International Development (USAID), GuarantCo and Standard Chartered Bank announced Tuesday an agreement to make available $90 million in new private sector financing for the power sector in Nigeria. A loan...

The Global Business Of Secondhand Clothes Thrives In Kenya

Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi's Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London's Regent Street...