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Business Africa

  • "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last year," said Jim Smith, president and chief executive officer of Thomson Reuters, in an interview with Reuters on Friday. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well...

  • "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last year," said Jim Smith, president and chief executive officer of Thomson Reuters, in an interview with Reuters on Friday. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well...

  • DETROIT, April 28- General Motors Co on Friday reported better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States, sending its shares up nearly 2 percent in premarket trading. "We are executing our plan and it's delivering results," Chief Financial Officer Chuck Stevens told...

  • Sales in the company's Financial& Risk division, which accounted for more than half of the company's revenue, outpaced cancellations, a key indicator of future growth, driven by sales in Europe, Middle East, Africa and Asia. "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last...

  • *Sudan banned all Egyptian agricultural goods in March. CAIRO/ KHARTOUM, April 27- When Egyptian media began making Sudan and its smaller if more numerous pyramids the subject of jokes on nightly talk shows recently, Sudanese were not amused. Hany Hussein, executive director of Egypt's Agricultural Export Council, says that seven months after the initial import...

  • BALTIMORE— Under Armour slipped to a loss in its first quarter as costs rose, but it still beat Wall Street expectations and shares surged more than 11 percent before the market opened Thursday. International revenue, from Europe, the Middle East, Africa, the Asia-Pacific and Latin America regions, made up 20 percent of total revenue in the quarter.

  • By Karin Strohecker and Sujata Rao. LONDON, April 26- President Jacob Zuma's exit, whenever it comes, will be no panacea for South Africa's deepening political problems which many investors blame on the ruling ANC party rather than its 75- year-old leader. South Africa is a key emerging economy, with a $140 billion bond market and a $825 billion equity market that...

  • LONDON, April 27- Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken issues such as worries about an economic slowdown in the United States or China to become the top macro-economic risk for...

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalisation" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalization" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • NEW YORK— A Fox News Channel anchor who is black has joined a racial discrimination lawsuit against his company, saying Wednesday that the network marginalized him and has little interest in promoting diversity. He said former Fox host Bill O'Reilly rejected a piece Wright had prepared after racial protests in Ferguson, Missouri, because it showed blacks in "...

  • LONDON, April 26- President Jacob Zuma's exit, whenever it comes, will be no panacea for South Africa's deepening political problems which many investors blame on the ruling ANC party rather than its 75- year-old leader. South Africa is a key emerging economy, with a $140 billion bond market and a $825 billion equity market that is often used by global investors as...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CONAKRY, April 26- Guinea will not accept any major changes to the terms of the Simandou iron ore project that Chinalco bought from Rio Tinto, including building a 650- km railway rather than taking a shorter route via its neighbours, the mines minister said on Wednesday. Rio had a 46.6 percent stake in two of the four blocks that make up Simandou, while state-owned...

  • NEW YORK— Halfway through Valentine's Day, florist Ajay Kori realized he was in the midst of a disaster. When a small business has a crisis, it can in some ways be more vulnerable than a behemoth like United Airlines, which got plenty of attention this month after video of a passenger being dragged off a plane went viral. Kori knew he had to move quickly to limit the...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • *South Africa considers strategic reserve as fresh El Nino looms. POTCHEFSTROOM, South Africa, April 26- South Africa, the continent's biggest maize producer and hard hit by an El Nino-triggered drought last year, is considering a strategic grain reserve as a buffer against future shortages, its agriculture minister told Reuters. Neighboring countries such as...

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalisation" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalization" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...