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  • BEIJING, Aug 21- China's government rolled out fresh guidance on Friday aimed at supporting its new Silk Road infrastructure initiative, along with regional development in the Beijing- Tianjin- Hebei area and the Yangtze River economic corridor that includes Shanghai. China is seeking to extend its influence and to support domestic industry through its "One...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme. The Glencore unit sells half its output to Eskom's 2,000-...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Glencore's South African coal mining subsidiary suspended its supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme, its administrators said. The Glencore unit sells half its output to Eskom's 2,000-...

  • ADDIS ABABA, Aug 20- Ethiopian Airlines is powering ahead with a plan to expand its fleet and route network after exceeding its profit target for the 2014/ 15 year, its chief executive said in an interview. Ethiopian Airlines flew six million passengers in the prior year, up from 5.22 million in 2012/ 13.. Ethiopian Airlines plans to increase revenue to $10 billion by...

  • GULU, Uganda, Aug 20- For nearly two decades, the Lord's Resistance Army stalked the grasslands of north Uganda, abducting children as soldiers and sex slaves in its war against the government. Uganda is Africa's largest coffee exporter and its strong economic growth has been boosted by manufacturing, telecoms, retail and banking. "Northern Uganda has the...

  • DAKAR, Senegal— A Gambia union leader says a journalist detained by authorities now faces charges in High Court in the West African nation. Gambia Press Union secretary general Saikou Jammeh says Taranga FM Managing Director Alhagie Abdoulie Ceesay faces seven charges, including false publication with "intent to excite disaffection" against Gambia's...

  • DIARY- Emerging Markets Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:02 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. SEOUL, South Korea- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before the "Macroeconomic Policy and Price Measurement Issues in a Low Inflation...

  • Alibaba to add Nestle executive Wan Ling Martello to board Wednesday, 19 Aug 2015 | 12:14 PM ET

    NEW YORK— Alibaba named Nestle executive Wan Ling Martello to its board of directors Wednesday.. International brands, such as Macy's, are opening stores on the site to reach Chinese customers, and Alibaba is working to get Chinese companies to sell outside the country. Shares of Alibaba Group Holding Ltd. fell $1.03, or 1.4 percent, to $72.85 Wednesday.

  • Ghana to bring in Cuban doctors during medical strike Wednesday, 19 Aug 2015 | 8:23 AM ET

    ACCRA, Ghana— Ghana is going to bring in about 170 Cuban doctors to work at health facilities amid a doctors' strike, the health minister said Wednesday. The doctors, who are members of the Ghana Medical Association, have been on strike since Aug. 7 to back their demand for better working conditions, including salaries, allowances and benefits. The Police Hospital and...

  • TOKYO, Aug 19- Japan and Iran will start negotiations on an investment accord once sanctions are lifted following last month's landmark international deal on Tehran's nuclear programme, the Nikkei reported on Wednesday, citing Japanese government sources. Japan is keen to boost ties with Iran and invest in resource projects in the country, as well as return...

  • The increase, from a previous estimate of 450,000, is the latest sign of how a huge influx of migrants and refugees, many fleeing war and poverty in Africa and the Middle East, is straining the European Union's ability to cope. "The situation is extremely unsatisfying," Chancellor Angela Merkel told ZDF television on Sunday, referring to the disproportionate...

  • NAIROBI, Aug 18- Kenyan Finance Minister Henry Rotich on Tuesday promised further steps, including cutting the budget deficit, to stabilize the currency after a 12 percent fall against the dollar so far this year. Rotich said the bulk of this gap was covered by funds already secured from China for the construction of a modern railway linking the port of Mombasa to...

  • MOUNTAIN VIEW, Calif.— Google is introducing a low-priced smartphone in six African countries where most people still can't afford an Internet-connected device. It will be sold in stores in Nigeria and offered by online retailer Jumia in five other countries: Egypt, Ghana, Ivory Coast, Kenya, and Morocco. Infinix worked with Google on the Hot 2 as part of a program...

  • JOINT BASE LANGLEY-EUSTIS, Va.— Faced with escalating aggression from Russia and China, the Pentagon is planning to increase its use of drones by about 50 percent over the next several years, using the Army and civilian contractors to put more of the unmanned aircraft in the air. The decision to add Army and civilian-operated missions to the mix was triggered...

  • BRUSSELS, Aug 17- High summer and life, for many in Europe, is a beach. The second has triggered a poisonous round of every-man-for-himself bickering among the EU's 28 governments and the Union institutions in Brussels over how to deal with record numbers of migrants arriving by sea and land and heading across Europe. More even than that other Mediterranean...

  • BENGHAZI, Libya/ CAIRO, Aug 15- Libya's oil production is between 350,000 and 380,000 barrels a day, the new chairman of a state oil firm based in eastern Libya said on Saturday. Production is less than a quarter of what the OPEC producer used to pump before an uprising toppled Muammar Gaddafi in 2011.. The move is largely symbolic as oil production and the marketing...

  • BENGHAZI, Libya, Aug 15- Libya's internationally recognized government has appointed Naji al-Maghrabi as chairman of its state oil firm NOC based in the east of the country, an oil official said on Saturday. The move is largely symbolic as oil production and the marketing of exports are controlled by the established state oil firm, also known as NOC, in Tripoli...

  • The move came just before spot gold prices tumbled 6.6 percent in July, their weakest monthly performance in more than two years after a steep selloff in Shanghai and New York, and on expectations for the U.S. "It appears Paulson was astute to lighten up some before the July plunge," said Mike McGlone, director of research for ETF Securities in New York.

  • *South Africa suffering chronic power shortages. JOHANNESBURG, Aug 14- Fears are growing in South Africa that agreements to build nuclear power plants that could be the most expensive procurement in the country's history will be made behind closed doors, without the necessary public scrutiny. Construction on the first plant is due to start next year, breakneck...

  • Shale is more expensive to produce than oil from the giant conventional fields of the Middle East but cheaper than deepwater megaprojects and competes directly against the North Sea and Canada's oil sands. Megaprojects developed by the major international companies must now be benchmarked at prices of just $70 or even $50 a barrel rather than the $80- $100...