Nuclear and renewable: South Africa's ambitious new energy mix

| Nov 23, 2015

Nuclear and renewable: South Africa's ambitious new energy mix

Heavily reliant on coal-fired electricity, South Africa is launching ambitious new projects aimed at diversifying its energy sources and avoiding the regular power cuts that have hobbled the economy in recent years. Solar and wind energy plants are mushrooming across the country while the ...

| Nov 21, 2015

Paris attacks may cause French economy little lasting harm

France can withstand the financial shock of the Paris attacks, analysts say, despite people deserting big stores, shunning concert halls and canceling hotel bookings. The experience of attacks in New York in 2001, Madrid in 2004, London in 2005 and Bombay in 2008 shows ...

Nov 21, 2015

Japan to pledge step toward fiscal rehabilitation

The Japanese government will soon announce a basic budget policy that will take a steady step forward on fiscal reconstruction, sources said on Friday. The government will basically maintain its plan to curb a rise in general expenditures in the three years from fiscal ...

China breaks up $64 billion underground banking network

Nov 20, 2015

China breaks up $64 billion underground banking network

Authorities in China have cracked the country’s biggest-ever underground banking network, which handled illegal foreign exchange transactions worth 410 billion yuan ($64 billion), police said Friday. The bust comes amid a monthslong crackdown on illicit outflows, which officials say disrupt China’s financial management, facilitate ...

| Nov 20, 2015

Dollar weaker around ¥123 in Tokyo

The dollar eased to around ¥123 in Tokyo trading on Friday, pressured by position-adjustment selling and sluggish performance of Tokyo stocks. At 5 p.m., the dollar stood at ¥123.00-01, down from ¥123.36-37 at the same time Thursday. The euro was at $1.0688-0689, up from ...

Nov 20, 2015

Nikkei denies it proposed any changes to FT pensions

Nikkei Inc., the new owner of the Financial Times, Friday denied that it proposed any changes to the British newspaper’s pension contributions, which has reportedly led to its staff voting to go on strike. The Japanese media company said in a statement that it ...