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  • *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...

  • NAIROBI, Feb 1- Kenya is targeting a budget deficit of 6.9 percent of GDP in the 2016/ 17 fiscal year, from a revised 8.1 percent this fiscal year, the ministry of finance said in a draft budget policy statement. The deficit for this fiscal year is expected to decline to 522.3 billion shillings, 8.1 percent of gross domestic product, from 569.2 billion shillings, 8.7...

  • Nigeria wants $3.5B in emergency loans Monday, 1 Feb 2016 | 6:00 AM ET
    Nigeria wants $3.5B in emergency loans

    Africa's largest economy asked the World Bank and African Development Bank for emergency loans.

  • MELBOURNE, Feb 1- London copper fell on Monday after China's manufacturing growth shrank at the fastest pace in more than three years in January, underlining slowing appetite from the world's top user of metals. *Activity in China's manufacturing sector contracted at its fastest pace in almost three-and-a-half years in January, missing market expectations,...

  • Oxfam: $1.9B in Ebola aid not delivered by donors Sunday, 31 Jan 2016 | 7:41 AM ET

    ABIDJAN, Ivory Coast— International donors have failed to deliver $1.9 billion in promised funds to help West African countries recover from the Ebola epidemic that killed more than 11,000 people and decimated already weak health care systems, the U.K.- based charity Oxfam said Sunday. "We're finding it hard to understand which donors have given what money, to...

  • INSIGHT-Drought tests a changed Ethiopia Sunday, 31 Jan 2016 | 4:00 AM ET

    *Ethiopia's ambitions challenged, at least in short term. FEDETO/ ADDIS ABABA, Ethiopia, Jan 31- On a treeless plain in eastern Ethiopia, thousands of destitute pastoralists have set up camp outside the tiny village of Fedeto. Ethiopia's failed rains, which meteorologists blame on the El Nino weather phenomenon, have created a drought in some areas of the country...

  • Coke takes minority stake in Nigerian drink, snack maker Saturday, 30 Jan 2016 | 12:16 PM ET

    The world's biggest beverage maker says the agreement will allow it to increase its ownership of Chi Ltd to 100 percent within three years, pending regulatory approvals. Coke and Chi's parent company, Tropical General Investments Group, have also agreed to explore other opportunities in the region. The deal is part of Coca-Cola Co.' s plans to boost investment...

  • LAGOS, Jan 30- Coca-Cola has bought a 40 percent stake in Nigerian juice and snack producer Chi Ltd, it said on Saturday, as it continues to expand in Africa to tap a young and fast-growing population. It already has a significant presence in Nigeria selling its fizzy drinks. Lagos- based Chi Ltd, whose owners had been considering a sale for some time, produces mostly...

  • FRANKFURT, Jan 30- Europe launched the first part of a new space "data highway" on Friday night that will pave the way for faster than ever monitoring of natural disasters such as earthquakes and floods. The EDRS will relay data on sea ice, oil spills or floods from Europe's multi-billion euro Copernicus Earth observation project to users in Europe, Africa and the...

  • EPS $14.00- $14.75 vs est $14.42. EPS $4.10 vs est $3.91. An improving U.S. economy has helped boost consumer spending in the country, even as economic uncertainty plagues emerging markets, particularly China and Brazil.

  • *Erdogan to visit Chile, Ecuador, Peru. ANKARA, Jan 29- President Tayyip Erdogan heads to Latin America on Sunday with the aim of boosting trade ties as Turkey seeks to diversify away from its traditional export markets in the troubled economies of Europe and the Middle East. Turkey has been slowly strengthening its relationship with Latin America since the late...

  • FRANKFURT, Jan 29- Europe plans to launch on Friday night the first part of a new space data highway that will pave the way for faster than ever monitoring of natural disasters such as earthquakes and floods. The EDRS will relay data on sea ice, oil spills or floods from Europe's multi-billion euro Copernicus Earth observation project to users in Europe, Africa and...

  • Tanzania finalises land deal for delayed LNG project Friday, 29 Jan 2016 | 2:24 AM ET

    DAR ES SALAAM, Jan 29- Tanzania said on Friday it had finalised a land acquisition for the site of a planned liquefied natural gas plant and was now working to compensate and resettle villagers to move forward on a long-delayed project. Tanzania's natural gas reserves are estimated at more than 55 trillion cubic feet and the central bank believes 2 percentage...

  • More airlines offer Zika refunds to pregnant women Thursday, 28 Jan 2016 | 5:16 PM ET

    Zika has been detected mostly in Latin America and the Caribbean. United Airlines and American Airlines say that since early this week they have been giving some passengers going to affected areas the chance to delay their trip or get a refund. On Thursday, a JetBlue Airways spokesman said the airline would give refunds or rebook passengers concerned about...

  • Barbie's manufacturer, Mattel, announced Thursday that the doll has three new body types— curvy, tall and petite. Mattel spokeswoman Michelle Chidoni said the product is evolving to "offer more choices" to make "the line more reflective of the world girls see around them." But Kris Macomber, who teaches sociology at Meredith College in Raleigh, North Carolina, says...

  • Ford's 2015 pretax profit jumps on stronger sales Thursday, 28 Jan 2016 | 7:03 AM ET

    DEARBORN, Mich.— Higher sales in most of the world helped Ford Motor Co. achieve a record pretax profit in 2015, but investors remain skittish that the good news won't keep coming. Ford reported a profit in Europe for the first time in four years, and profits in Asia jumped 29 percent. Bob Shanks, Ford's chief financial officer, said 2015 was the "breakthrough year" Ford...

  • Electrolux reports Q4 loss after failed bid for GE Thursday, 28 Jan 2016 | 5:12 AM ET

    STOCKHOLM— Swedish home appliance maker Electrolux says it fell to a 393 million kronor loss in the fourth quarter from a 970 million kronor profit a year earlier after it failed in its bid for General Electric Co.' s appliance business. Earlier this month, CEO Keith McLaughlin said he would retire Feb. 1, and would be replaced by Jonas Samuelson, current head of an...