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Caterpillar cuts profit outlook as China construction sales slump

1 hour ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

Africa needs development, improvement in quality of life & Russia has much to offer – economy minister

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The volume of trade between Russia and the African continent has doubled over the past five years, according to Russian Economic Development Minister Maksim Oreshkin. Talking to RT on the sidelines of the Russia-Africa summit in Sochi, he said Russia’s trade with some African countries is concentrated on a narrow range of goods. That’s why Read More

Varney: Progressives ‘Soviet-style show trial’ part of socialist takeover of U.S. economy

4 hours ago NAMEX Comments Off on Varney: Progressives ‘Soviet-style show trial’ part of socialist takeover of U.S. economy
The trial involving New York’s attorney general’slawsuit against Exxon, one of the world’s largest oil and gas corporations, kicked off on Tuesday, and Fox Business Network anchor Stuart Varney said that it amounts to little more than a thinly-veiled “Soviet-style show trial” meant to advance a socialist takeover of the U.S. economy. VARNEY: TRUMP SPEECH IN Read More

One of Russia’s top banks suggests expanding non-dollar settlements with African countries

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The head of Russia’s VTB Bank Andrey Kostin said the expansion of non-dollar payments between Russia and the countries of Africa will help to reduce the risks for the financial systems of those countries. “Unfortunately, we are living in an era of such geopolitics that we have real risks to the financial system. Therefore, we Read More

Russia aims to double agricultural exports to Africa

8 hours ago NAMEX Comments Off on Russia aims to double agricultural exports to Africa
The Russian Ministry of Agriculture said on Wednesday that Moscow is seeking to significantly increase supplies of grain and livestock to African countries. “Africa is our target market, and we will work on enlarging exports there,” Agriculture Minister Dmitry Patrushev told journalists on the sidelines of the Russia-Africa summit in Sochi. The exported products could Read More

Frank Miniter: Mitt Romney acts like a child in using a fake name on Twitter to secretly criticize Trump

8 hours ago NAMEX Comments Off on Frank Miniter: Mitt Romney acts like a child in using a fake name on Twitter to secretly criticize Trump
When he was running for president, now-Sen. Mitt Romney, R-Utah, billed himself as a CEO who could save America. Now we find out he has been using a secret Twitter account under the name “Pierre Delecto” to defend himself and criticize President Trump. This isn’t how a bold, mature CEO with a vision to save America Read More

EMERGING MARKETS-Brexit weighs on stocks; Russia deal lifts Turkish lira

9 hours ago NAMEX Comments Off on EMERGING MARKETS-Brexit weighs on stocks; Russia deal lifts Turkish lira
* UK parliament rejects swift decision on Brexit bill * Hong Kong legislature withdraws extradition bill * Russia, Turkey agree to remove Kurdish YPG from Syria border * South African inflation slows in September; rand down By Susan Mathew Oct 23 (Reuters) – Emerging-market shares retreated from their highest in more than two months on Read More

Russia writes off African debt worth over $20 BILLION – Putin

9 hours ago NAMEX Comments Off on Russia writes off African debt worth over $20 BILLION – Putin
Moscow has written off more than $20 billion in debt accumulated by African countries during the Soviet era, Russian President Vladimir Putin announced on Wednesday. “It was not only an act of generosity, but also a manifestation of pragmatism, because many of the African states were not able to pay interest on these loans,” Putin told Read More

Russia & Niger ink deal for delivery of MI-35 combat helicopters

10 hours ago NAMEX Comments Off on Russia & Niger ink deal for delivery of MI-35 combat helicopters
A contract for the supply of 12 Mi-35 attack helicopters has been sealed by Russia and Niger on Wednesday in Sochi at the Russia-Africa Summit and Economic Forum. Niger’s Foreign Minister Kalla Ankourao said the aircraft will be used to fight the Boko Haram terrorist organization. According to the minister, more than a hundred Nigerien Read More

Highway deaths are down, but pedestrian fatalities rose in 2018

14 hours ago NAMEX Comments Off on Highway deaths are down, but pedestrian fatalities rose in 2018
Traffic deaths in the U.S. fell slightly in 2018 for the second straight year, the government’s road safety agency said Tuesday. The National Highway Traffic Safety Administration attributed the 2.4% drop partially to technology in newer vehicles that can prevent crashes. A total of 36,560 people died on the nation’s roads in last year, the Read More