Asia stocks jump as dollar slide boosts oil

Thu Feb 4, 2016/Reuters Asian shares rallied on Thursday as speculation the U.S. Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices. By some measures the U.S. currency suffered its largest one-day percentage drop outside […]

AfDB to work with African leaders to achieve the High Fives, Adesina tells AU Summit

February 3, 2016/AfDB The African Development Bank’s President, Akinwumi Adesina, addressed the issues of youth employment and migration in a speech delivered before the 34th session of the New Partnership for Africa’s Development (NEPAD) Heads of State and Government Orientation Committee, at the Africa Union Summit in Addis Ababa on […]

Wall St. turns negative after weak services data

Wed Feb 3, 2016/Reuters By Tanya Agrawal U.S. stocks gave up early gains and turned negative on Wednesday after data showed that the economy’s service sector expanded at a slower-than-expected rate, raising concerns that weakness in manufacturing is spreading to other sectors. The Institute for Supply Management (ISM) said its […]