Economy




Nigeria toughens currency trading curbs to halt naira fall

LAGOS: Nigeria’s central bank has announced new measures to curb currency speculation as part of an effort to defend the naira which has been hit hard by the collapse in global oil prices.






Acciona signs Australian rail contract worth 1.4bn euros

MADRID: Spanish builder Acciona said a consortium it is part of has signed a contract worth 1.4 billion euros ($1.7 billion) to build and operate a light-rail line through Sydney.



Alstom shareholders approve sale energy assets to GE

PARIS: Shareholders approved Friday the 12.4-billion-euro ($15.2-billion) sale of Alstom’s energy assets to US group General Electric by which the French company will refocus on high speed trains.





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