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  • *Nigeria suffering its worst economic crisis for decades. LAGOS/ ABUJA, Feb 10- Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and government sources said on Wednesday. They also said Nigeria- which is suffering its worst economic crisis for...

  • *China markets closed for Lunar New Year, to reopen Monday. LONDON, Feb 10- Copper slid to a two-week low on Wednesday, pressured by a stronger dollar as Federal Reserve Chair Janet Yellen pointed to the prospect for further gradual adjustments to monetary policy. She cited global risks such as falling stock prices and uncertainty over China, but said there was good...

  • LONDON— Budweiser-maker AB InBev has received a binding offer of 2.55 billion euros for the European beer brands Grolsch, Peroni and Meantime— a sale that is meant to address regulatory concerns about its mega merger with SABMiller. "SABMiller has grown Peroni and Grolsch into world-renowned premium brands, and we are confident that, along with fast-growing...

  • *China markets closed for New Year break; to reopen Monday. LONDON, Feb 10- Copper hit a two-week low on Wednesday on persistent worries over global growth, and as traders awaited testimony from Federal Reserve Chair Janet Yellen for clues on the outlook for the dollar. "I expect Yellen to sound a bit more dovish but to keep the door open for rate hikes, which means are...

  • DAR ES SALAAM, Feb 10- One day last October, agents from a crack Tanzanian crime unit raced past Dar es Salaam's Palm Beach Hotel in pursuit of the suspected leader of a global elephant poaching ring. The agents' target that day was Yang Feng Glan, a 66- year-old Chinese national dubbed the "Ivory Queen," who is accused of running a smuggling empire stretching from the...

  • *China markets closed for new year break; to reopen Monday. MELBOURNE, Feb 10- London copper slipped on Wednesday towards its lowest level in a fortnight as holidays in top consumer China entered a third day, dampening demand, while global growth fears dragged on prices. European finance ministers will call on the Group of 20 biggest world economies at the end of...

  • UNITED NATIONS, Feb 9- A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other means of obfuscation, according to a new report by United Nations monitors. The U.N. Security Council's Panel of Experts on North Korea, which monitors implementation of sanctions on Pyongyang,...

  • *Lonmin focused on turning cash positive. CAPE TOWN, Feb 9- Platinum producer Lonmin will not "shy away" from any merger or takeover but for now the company is focused on its plan to survive tough market conditions, its chief executive said on Tuesday. Should it be of benefit to our shareholders and stakeholders it's not something we would shy away from, "CEO Ben Magara...

  • A look at Obama's final budget proposal Tuesday, 9 Feb 2016 | 11:03 AM ET

    —Obama's budget for the Agriculture Department includes a proposed $12 billion over 10 years to help feed schoolchildren from low-income families during the summer. Spending that needs Congress' annual approval: $24.2 billion. Spending that needs Congress' approval: $9.7 billion.

  • Goodyear reports 4Q loss on hefty charge Tuesday, 9 Feb 2016 | 7:57 AM ET

    NEW YORK— The Goodyear Tire& Rubber Co. on Tuesday swung to a fourth-quarter loss on charges and tire sales fell, but the results still topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Three analysts surveyed by Zacks expected $4.02 billion.

  • MELBOURNE, Feb 9- London copper was underpinned by weakness in the dollar on Tuesday, with extremely low turnover as traders waited for the return of top consumer China next week for fresh signals on demand. Copper topped out at its highest in a month at $4,720 on Thursday and trade is expected to stay quiet with China out this week for the Lunar New Year break.

  • FRANKFURT, Feb 8- E-commerce firm Africa Internet Group and French insurer AXA said on Monday they had formed a partnership in which AXA will be the exclusive provider of insurance to AIG and invest 75 million euros to take a roughly 8 percent stake in it. AXA will provide insurance products and services through AIG's Jumia unit and other AIG online and mobile...

  • MOGADISHU, Somalia— Security video footage taken at Mogadishu airport shows two men handing what looks like a laptop computer to the suspected suicide bomber after he passed through the security checkpoint, Somalia's government spokesman said Sunday. The man who received the laptop is the suspected suicide bomber who was blown from the Daallo Airlines jet...

  • *Malawi highlights perils of aid reliance without industrialising. LILONGWE, Feb 7- As she walks along a dirt road in central Malawi, Louise Abale carries her precious maize wrapped in a brightly coloured cloth and balanced on her head. Because of drought in Malawi and across southern Africa the grain has doubled in price in the space of a year, and now costs around...

  • App launched with uniquely African emojis Saturday, 6 Feb 2016 | 10:59 AM ET

    JOHANNESBURG— App developers have launched a series of uniquely African emojis of characters dressed in colorful traditional attire using popular local expressions and gestures. Afro Emoji founder Nigerian-American Ayoola Daramola said there was a gap in the market for images representing African mobile phone users. Afro Emoji spokeswoman Jessica...

  • Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...

  • Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...

  • Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...

  • South Africa aims to lift coal exports to India Friday, 5 Feb 2016 | 9:45 AM ET

    *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • Feb 5- LinkedIn Corp's shares plunged about 35 percent on Friday, wiping out nearly $9 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities and RBC Capital Markets also downgraded the stock.