The Nestle (NESN.VX) said still-weak emerging market demand and falling prices for its products in Europe slowed underlying sales growth to 4.4 percent in the first nine months of the year from 6.1 percent in the year-ago period
The Nigerian economy is based upon the solid macroeconomic performance
The phone maker officially debuts the Galaxy Round, a flexible smartphone with an HD display. Samsung has won the race to be the first phone manufacturer to launch a flexible smartphone. The company announced that the Galaxy Round incorporates the latest in flexible screen technology, along with other unique features.
It is a exposure day for the smartphone maker as it lays out its official fiscal second-quarter results. BlackBerry offers no real surprises as it posted a fiscal second-quarter loss of nearly $1 billion amid the continuing struggles of its smartphones in the marketplace.
Citibank at Las Vegas will close its mortgage division by the end of the year, leaving 760 employees without jobs.
IFC approves US$120 million loan for Olam to expand food processing and opportunities for small-scale farmers
IFC, a member of the World Bank Group, and Olam International, a global integrated supply chain manager and processor of agricultural products in Singapore, August 28, 2013, have signed a five-year US$120 million loan agreement to finance upgrades and expansion of five food processing facilities in Nigeria and India. The projects will benefit local communities by generating rural employment and creating new market opportunities for smallholder farmers to sell their crops.
IFC financing will support the following facilities operated by Olam: Hemmers sugar milling, Kolhapur, India (upgrade), Spice processing, Cochin, India (upgrade), Crown Flour Mill, Lagos, Nigeria (expansion), Mechanical cashew processing, Illorin, Nigeria (new), and Sesame hulling, Lagos, Nigeria (new)