Shell shall fell – out of Nigerian fields
Shell will sell its stakes in onshore oil fields in Nigeria to local businessmen. The reason for the sale is the inability to control the situation on the ground, Bloomberg…
Brazil opposes BRICS expansion
Brazil is resisting gathering momentum in the BRICS group of major emerging economies to add more member countries, but debate over admission criteria seems inevitable at this month’s summit, Reuters…
Asian markets falling after US downgrade
Stock markets in the Asia-Pacific region fell following Fitch’s decision to downgrade the US long-term rating from AAA to AA+. Fitch decision, which was announced just before markets opened in…
Fitch downgraded US government’s top credit rating
Fitch downgraded the United States to AA+ from AAA, which the country has had since at least 1994. The reason for the downgrade is fiscal deterioration over the next three…
Why Niger rebellion gets EU worried
Europe’s energy security is under major threat again. The fact is that EU has high hopes for a $25 billion gas pipeline in Africa that could run from Nigeria to…