Nigeria is backing its commitment to join Africa’s recently agreed free trade zone by setting up a committee to implement the agreement, and promising new laws where necessary to enact membership of the pact, the presidency said on Sunday.
Pfizer in talks to merge off-patent drugs business with Mylan: source
Pfizer Inc is in talks to merge its off-patent drugs business with Mylan NV in a stock deal, according to a source familiar with the matter.
Egyptian digital payment firm Fawry sets IPO price at 6.46 Egyptian pounds
Egyptian digital payment company Fawry has set the price for its initial public offering (IPO) at 6.46 Egyptian pounds ($0.3906), it said on Friday.
Saudi’s Falih says to expand pipeline to reduce oil exports via Gulf
Saudi Arabia aims to raise the capacity of its east-west pipeline by 40% in two years so more of its oil exports can avoid passing through the Strait of Hormuz, the energy minister said on Thursday.
U.S. new home sales rebound; prior three months revised down
Sales of new U.S. single-family homes rebounded sharply in June, but sales for the prior three months were revised down, indicating that the housing market continued to tread water despite lower mortgage rates and a strong labor market.
Arcelormittal’s Ukraine mill expects to lose $1 million due to investigation
The acting head of Arcelormittal’s Ukraine plant Oleksandr Ivanov said on Tuesday the mill is expected to lose $1 million in July due to an investigation by the Ukrainian security services.
Fitch cuts outlook for Boeing on 737 MAX issues
Fitch Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets’ return to service.
Reliance mobile operator Jio to focus on subscriber numbers not tariffs
India’s Reliance Industries plans to remain focused on subscriber additions rather than chase higher tariffs for its Jio telecoms business, a top company executive said.
HDFC Bank net profit rises 21% in June quarter
HDFC Bank Ltd, the largest private lender in the country, registered a 21% net profit rise for the June quarter on the back of strong retail lending, it said on Saturday.
Jet Airways’ lenders approve interim finance plan for the carrier
Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs, as resolution experts look to find a potential buyer.