Failed Bank Buyout Deal Shows Perils of Investing in Nigeria

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Failed Bank Buyout Deal Shows Perils of Investing in Nigeria

Deals in the country this year amount to $1.4 billion, compared with $2.7 billion for all of 2017, according to data compiled by Bloomberg. The country's population of about 180 million and an economic recovery from 2016's slide means Nigeria is “too big to ignore,” said Frontier Strategy's Kindinger.
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Fox Offers Selling Sky News to Disney in Bid for Broadcaster

21st Century Fox Inc. is offering to sell Sky News to Walt Disney Co. as it seeks to win over U.K. regulators reviewing its 11.7 billion-pound ($16.5 billion) bid for broadcaster Sky Plc. Disney is interested in acquiring Sky News regardless of whether its larger $52.4 billion takeover of most of Fox goes
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GASB offers guidance on debt disclosures, direct borrowings and placements

The Governmental Accounting Standards Board released guidance Monday to improve debt-related disclosures in notes to financial statements, including how they address direct borrowings and direct placements. In Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings
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Facebook Data Scandal Has Left Zuckerberg Isolated in Tech

Facebook Inc. Chief Executive Officer Mark Zuckerberg has found himself with few defenders in the technology industry. Apple Inc. CEO Tim Cook, Tesla Inc.'s Elon Musk and Salesforce.
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White House criticises China for $3bn tariffs on US imports

The White House has criticised China after it imposed retaliatory tariffs against the US on a range of goods, including pork and wine.
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