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  • RABAT, Feb 4- Abnormally dry weather across North Africa is threatening to become another financial headache for Morocco and neighbouring Tunisia and Algeria, just as each seeks to spur more economic growth and cut public spending. Rising food import costs would come at a delicate time, as Morocco faces protests over austerity measures, Tunisia struggles to...

  • LIMA/ WASHINGTON, Feb 3- Peru has become the latest commodity exporter to seek financing help from the World Bank amid fiscal and currency pressures brought on by collapsing prices for metals, oil and other raw materials. Peruvian government sources and a World Bank official said on Wednesday that talks were underway for two new credit lines that will bolster...

  • Feb 3- Goldman Sachs Group Inc has named Jim Esposito as the new chief strategy officer for its securities division. He has also served as head of its Europe, Middle East and Africa financing group and as chief operating officer of investment banking. "Our industry is undergoing extraordinary change, driven by technology and regulation," the memo said, which was...

  • BERLIN/ HAMBURG, Feb 3- Popular support for German Chancellor Angela Merkel has tumbled to its lowest level for 4 1/ 2 years, a poll showed on Wednesday, with a large majority of voters sceptical that her government has the refugee crisis under control. The survey for public broadcaster ARD also showed a drop in support for Merkel's conservatives, while backing for...

  • BERLIN, Feb 3- Ford plans to cut hundreds of white-collar jobs in Europe to reduce costs by $200 million a year and revamp its model line-up as it targets sustainable profitability in the region, the carmaker said on Wednesday. The U.S. company turned a full-year profit of $259 million in Europe in 2015, its first since 2011, helped by a 10- percent gain in vehicle...

  • ALGIERS, Algeria— An Algerian court has fined German and Italian companies and convicted eight people of corruption or related crimes in a vast trial into wrongdoing around state-run oil giant Sonatrach. The court in Algiers sentenced them to terms ranging from an 18- month suspended sentence to six years in prison, according to state news agency APS.

  • CHICAGO, Feb 2- Health experts are bracing for Zika virus to spread to the United States by April or May, borne by a mosquito that craves human blood, feeds during the day and lives under beds and inside closets. Until now, the best weapon against disease-carrying mosquitoes in the United States has been outdoor pesticide fog sprayed by truck and airplane.

  • MILAN, Feb 2- Italian oil services group Saipem said on Tuesday it would appeal an Algerian court ruling ordering one of its units to pay a 34,000 euro fine for allegedly inflating prices on contracts to build a gas pipeline. The company, which is jointly controlled by oil major Eni and state lender fund FSI, is also in the midst of a highly-dilutive 3.5 billion euro...

  • GENEVA/ PARIS, Feb 2- The Zika virus could spread to Africa, Asia and southern Europe, the World Health Organization said on Tuesday, as major French drugmaker Sanofi SA and others joined the race to create a vaccine. A day after Geneva- based WHO declared an international public health emergency due to Zika's association with the birth defect microcephaly in...

  • Facts and figures show the impact of low oil prices Tuesday, 2 Feb 2016 | 1:35 PM ET

    North Dakota faces a $1 billion budget shortfall. Alaska's gap is an estimated $3.5 billion. —Gasoline is expected to average just $2.03 a gallon this year, down from $2.43, according to the Energy Department.

  • ADDIS ABABA, Feb 2- China is expected to start work in Djibouti soon on a naval base, Djibouti's president told Reuters, defending Beijing's right to build what will be its first foreign military outpost on one of the world's busiest shipping routes. Strategically located at the southern entrance to the Red Sea on the route to the Suez Canal, Djibouti is already...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • *Seasonal winds arrived earlier, lasting longer than usual. *High mortality rates for flowers, small pods. SOUBRE, Ivory Coast, Feb 2- Extreme temperatures and dry, dusty conditions in Ivory Coast, the result of the most severe Harmattan winds in three decades, will lead to a sharp drop in cocoa output from the top grower's upcoming mid-crop, exporters and farmers said...

  • MSCI's emerging market index fell 1.3 percent with bourses across much of Asia, Russia and eastern Europe chalking up losses as oil prices fell for a second straight day towards $33 a barrel. People were hoping that if the RBI wanted to be overly dovish, that would be a sign you would get a bit more support from central banks, "said Rich Kelly, head of global strategy at...

  • The International Maritime Bureau said in its annual piracy report that 246 piracy incidents were recorded worldwide, one up from 2014. The bureau, whose piracy reporting center is based in Kuala Lumpur, said Southeast Asia accounted for most of the world's incidents. In Africa, Nigeria remained a hotspot for violent piracy and armed robbery.

  • *Malawi growth expected to rise from 3 pct in 2015. *Malawi "accepts" that donor budget support thing of the past. LILONGWE, Feb 2- Malawi should see economic growth pick up to more than 4 percent in 2016 from about 3 percent last year as the country recovers from a drought caused by the El Nino weather pattern, its finance minister said.

  • *Proposes 54.0 Sfr dividend per share vs 54.3 Sfr poll avg. ZURICH, Feb 2- Swiss flavours and fragrance maker Givaudan reported a 12.7 percent rise in net profit in 2015 as cost-cutting measures and lower taxes helped offset the impact of weaker sales. Net profit rose to 635 million Swiss francs from 563 million francs a year ago.

  • LAGOS/ LUANDA, Feb 1- Nigeria and Angola, Africa's two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank on borrowing to help fund a record budget in 2016 but has not applied for any emergency loans,...

  • WARRI, Nigeria— Multiple bombings of Agip oil pipelines have caused thousands of barrels of oil to pollute waterways, farms and fishing grounds in Nigeria's southern Bayelsa state, residents said Monday. The spill is "massive— the biggest in years," community leader Eke-Spiff Erempagamo told The Associated Press. Similar attacks a week earlier on gas and oil...

  • *Nigeria, Angola talk to World Bank about loans. LAGOS/ LUANDA, Feb 1- Nigeria and Angola, Africa's two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Angola also held talks with the World Bank between Jan. 25-29 about securing funding support in a deal...