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Nairametrics
Home Business News

World Business Today

Editor by Editor
December 16, 2015
in Business News
World Business Today
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1.Natural gas is diminishing:
Natural gas prices plummeted to a 16-year low. Futures in New York fell nearly 4% to as low as $1.820 per million British thermal units. The fall in natural gas prices appears to be related to the warmer-than-usual weather.

2.The EU Will Renews its Sanctions On Russia:
The EU is poised to Renews its sanctions on Russia once Italy’s prime minister has discussed the issue with his fellow leaders at a summit in Brussels,diplomat said.

3.Europe’s development bank delays funding for volkswagen:
The European Bank for Reconstruction and Development is holding back on €250 million of funding it had approved to help build a new Volkswagen factory in Poland.

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4.Asian Shares Rise Notwithstanding Fall Of Oil Price:
Asian shares rise notwithstanding fall of oil price hours before the U.S. Federal Reserve is expected to raise interest rates for the first time since 2006.

5.Rolls-Royce Singles Out Top Level Management:
Rolls-Royce PLC singles out top level management in responds to profit slump According to the Chief Executive Warren East on Wednesday, a top-level management overhaul that undoes many of the changes implemented in recent years at the British engine maker that have failed to deliver the intended turnaround.

6.U.K Unemployment Drops To Lowest Rate In 7 1/2 Years:
U.K. unemployment plunge to the lowest rate in 7 1/2 years and the number of people in work increase to a record as the labor market keeps on strengthen.

7.Nigerian Agricultural Insurance Corporation (NAIC) grosses N1.2bn:
Nigerian Agricultural Insurance Corporation (NAIC) grosses N1.2bn, returns to profitability following strategic initiatives by the Company’s management to develop new markets for higher penetration.From a loss position of N505.18 million in 2013, the Company posted N394.95 million profit at the end 2014 financial year.

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Editor

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