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Business Africa

  • SAO PAULO— Brazil's meat exports effectively collapsed this week, the agricultural minister said Wednesday, as several countries halted imports from the South American country in the wake of a meat inspection scandal. Brazil is struggling to contain the scandal, in which investigators say that health inspectors were bribed to overlook expired meats and...

  • FRANKFURT, March 22- With rivals joining forces all around, Germany's BASF has been eyeing a surprise foray into generic pesticides, although the issue is on hold while it looks to snap up assets being spun off in those mergers. BASF is the only player left among the top six in a global seeds and pesticides market worth over $100 billion that has not paired up with a...

  • BEIJING, March 22- China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the assets include a 100,000 barrel-per-day...

  • March 22- With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it will soon begin trading a first-ever U.S. liquefied natural gas futures contract. "Domestic and international market participants now have a risk management solution that lays the foundation for a more...

  • JOHANNESBURG, March 22- In 2010 police in Johannesburg shot Justin Ejimkonye, a Nigerian migrant, in the leg. The reason why is unclear: It took the police 18 months to charge Ejimkonye with any crime. Similar claims of police corruption are echoed by hundreds of immigrants in South Africa.

  • BEIJING, March 22- China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the assets include a 100,000 barrel-per-day oil...

  • JOHANNESBURG, March 22- In 2010 police in Johannesburg shot Justin Ejimkonye, a Nigerian migrant, in the leg. The reason why is unclear: It took the police 18 months to charge Ejimkonye with any crime. Similar claims of police corruption are echoed by hundreds of immigrants in South Africa.

  • SAN FRANCISCO, March 21- Airbnb, the online marketplace for short-term lodging, is expanding its business in China, hoping to spur growth in the world's most populous country and a major tourist destination. Fresh off a $1 billion fundraising round, Airbnb announced plans on Tuesday to expand its services in China and increase its staff there.

  • LONDON, March 22- JP Morgan retained its place atop the global investment banking league table last year, with the top five places now firmly in the hands of U.S. banks, reflecting their domination over struggling European peers, data on Wednesday showed. JP Morgan's revenues from trading, mergers and acquisitions and other investment banking activity rose 11...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • *Britain follows U.S. lead, citing security concerns. WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. President Donald Trump was...

  • NEW YORK— The U.S. and Britain, citing concerns about terrorist attacks, are not allowing passengers on some flights from mostly Middle Eastern and North African countries to bring laptops, tablets and certain other devices on board with them in their carry-on bags. The U.S. ban applies to nonstop U.S.-bound flights from 10 international airports in Amman,...

  • *Britain follows U.S. lead following security concerns. WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. President Donald Trump was...

  • PARIS/ LONDON, March 21- New rules banning many electronic items from passenger cabins on U.S.-bound flights will force a rethink now on fire safety concerns in consigning them to the hold, and some experts question whether the limited ban can improve passenger security. The rules, announced on Tuesday, cover carry-on electronic devices on planes flying from 10...

  • DALLAS— A new security measure banning many electronic devices on flights from 10 mostly Muslim countries is leading travelers to reconsider their plans to fly through some airports in the Middle East and Africa. Paula Berger, an energy-company manager, and a co-worker have tickets to fly from the U.S. through Dubai to Hyderabad, India, where her company has an...

  • WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. Britain took similar steps, with a spokesman for Prime Minister Theresa May saying...

  • The 14 search and seizure warrants were issued by the Supreme Court based on information provided by executives of engineering conglomerate Odebrecht SA in plea bargain deals tied to the graft probe, police said in a statement. The raids took place in the cities of Brasília, Maceió, Recife, Rio de Janeiro and Salvador. Globo News TV said the investigation...

  • DUBAI, March 21- New U.S.restrictions on passengers carrying electronics on some flights to the United States will be in place initially for nearly seven months before it is reviewed. A U.S. Department of Homeland Security spokeswoman termed that date "a placeholder for review" of the rule. The United States will this week restrict passengers travelling from...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...