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  • UMLAZI, Durban, July 28- Young, poor, supporters of South Africa's African National Congress are weary of reminders of its liberation struggle, concentrating instead on the ruling party's failure to deliver jobs which could cost it votes in local elections next week. Polls say the main opposition party, the Democractic Alliance will win 36 percent of the vote in...

  • Egypt said late on Tuesday it was seeking $4 billion a year over three years from the International Monetary Fund to help plug a funding gap. Egyptian stocks have surged on hopes a deal would revive confidence and allow Egypt to remove restrictions on access to hard currency that have hit manufacturing and trade and made it hard for foreign firms to repatriate...

  • July 28- Harley-Davidson Inc on Thursday said a decrease in total sales and soft domestic demand lowered second-quarter profit and has led the company to trim its forecast for motorcycle shipments in 2016.. While our share gains helped to blunt the full impact of this weak market, lackluster industry sales have had a significant impact on our results and our...

  • July 28- Raytheon Co reported better-than-expected quarterly revenue and profit as sales of its smart bombs rose, and it raised its 2016 earnings forecast, partly due to strong demand in markets outside the United States. The maker of Patriot missile systems and Paveway laser- and GPS-guided bombs said it was seeing demand across Europe, Middle East and Asia...

  • The Waltham, Massachusetts- based company's shares rose 2.4 percent to $138.60 in premarket trading on Thursday. O'Brien said Raytheon got nearly a third of its sales from clients outside the United States. Of this, about half came from the Middle East and Africa regions.

  • CAPE TOWN, July 28- South Africa's largest oil refinery, jointly operated by Shell and BP, has not shut down due to a workers' strike over wages, a spokeswoman said on Thursday, contradicting an earlier union claim. A senior union official had said the refinery, situated in the east coast Durban port and capable of refining 190,000 barrels per day of crude oil, had come...

  • THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT. COLOMBO- Central Bank of Srilanka monetary policy committee meeting- 1230 GMT. PRAGUE- Czech Banking Association holds a press conference on the updated macroeconomic forecast- 0800 GMT.

  • The decision followed an assessment of the mine's plan in the context of the Toronto- based company's global capital priorities, it said. Chile's environmental regulator shut down the water system attached to the Maricunga mine in March, citing environmental damage which Kinross disputes. Kinross reported an adjusted net loss of $9.8 million, or 1 cent per...

  • DUBLIN, July 28- Nine out of 10 Irish exporters see Britain's vote to leave the European Union hurting businesses with more than half of those firms planning to diversify into different markets as a result, a survey showed on Thursday. The IEA is the main representative group for goods and service exporters in Ireland. The curtailing of trade due to Brexit caused...

  • DUBLIN, July 28- Nine out of 10 Irish exporters see Britain's vote to leave the European Union hurting businesses with more than half of those firms planning to diversify into different markets as a result, a survey showed on Thursday. The IEA is the main representative group for goods and service exporters in Ireland. The curtailing of trade due to Brexit caused...

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to carve more from its debt. Toronto- based Barrick, which has been selling off non-core mining assets and using cash flow to pay down debt, said it will explore selling...

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to help continue to carve away at debt. The company, which has mines in the Americas, Australia and Africa, said gold production fell 7.5 percent to 1.34 million ounces...

  • The Toronto- based miner said it recorded an adjusted net loss of $9.8 million, or 1 cent per share, in the quarter ended June 30, from a loss of $13.6 million, or 1 cent per share, in the year-prior period. Kinross, which has 10 mines in North and South America, Africa and Russia, produced 671,267 equivalent ounces of gold during the quarter, up from 660,898 ounces in the...

  • WARSAW, July 27- Chinese e-commerce group Alibaba, U.S. online retailer eBay Inc, and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers, sources said. A deal worth between 2 and 3 billion euros, is expected by the end of the year, market sources said. Polish online groups Wp.pl,...

  • SEKOMA, Botswana, July 27- Molefi Ramantele, a small-scale livestock farmer who ekes out a living in Botswana's arid scrubland, lost a third of his cattle in the drought that has scorched southern Africa. Farmers, game reserves and central bankers across southern Africa are among those set to count the cost for years to come of the drought that wiped out livestock,...

  • *John Paul eyes sales of $170 mln in 2018 vs $60 mln in 2016. PARIS, July 27- AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, as it pushes further into new hospitality services and beefs up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels- the world's fifth-largest hotel group-...

  • LONDON, July 27- Emerging markets portfolio inflows rose to almost $25 billion in July from $13.3 billion in June, the Institute of International Finance said on Wednesday, citing the search by investors for higher yields after Britain voted to leave the European Union. Regionally, emerging Asia attracted the lion's share of the flows, with $19.1 billion,...

  • PARIS, July 27- AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels- the world's fifth-largest hotel group- will acquire 80 percent of John Paul for about $150 million in equity and debt, with the company's...

  • Quarterly sales shrank 8.4 percent to 2.65 trillion yen due to a stronger yen, which slams overseas earnings for exporters like Nissan. Yokohama- based Nissan, which makes the March subcompact, Infiniti luxury brand and the Leaf electric vehicle, kept its full-year forecast for a 525 billion yen profit, up slightly from the 524 billion yen earned the previous...

  • WEDNESDAY, JULY 27 TBILISI- National Bank of Georgia monetary policy committee meeting. POLOKWANE, South Africa- South African central bank deputy governor Daniel Mminele speaks at a business breakfast event in the city of Polokwane- 0700 GMT. THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT.