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Ivory Coast wants bigger share of its mining boom
Ivory Coast wants bigger share of its mining boom
Business and Economy
by  AFP

Ivory Coast's mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now wants a bigger slice of the pie for its own businesses. The mining sector now accounts for four percent of Ivory Coast's gross domestic product, compared to just 1.5 percent a decade ago, according to the Professional Association of Miners of Ivory Coast (GPMCI).

Taiwan's Foxconn in talks with Renault over Nissan stake: report
Taiwan's Foxconn in talks with Renault over Nissan stake: report
Business and Economy
by  AFP

Taiwan's Foxconn is in talks with French auto giant Renault to buy its major stake in Japanese carmaker Nissan, a report said Thursday, after the Japanese firm rebuffed its inquiries about an investment. The report said Foxconn "had directly expressed" its willingness to Nissan to buy equity but after "Nissan did not agree" it approached Renault.

Yen drops as Bank of Japan maintains key interest rate
Yen drops as Bank of Japan maintains key interest rate
Business and Economy
by  AFP

The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat for the currency that came after the Federal Reserve forecast fewer rate cuts. The BoJ said after a two-day policy meeting that it would hold rates at around 0.25 percent, pushing the yen cheaper than 155 per dollar, compared with 153.66 on Wednesday.