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  • LAUNCESTON, Australia, July 19- ExxonMobil Corp's bid to buy a junior natural gas explorer in a remote Pacific country shows that rare corporate ability of planning a deal at the bottom of the commodity cycle that holds the promise of long-term returns. ExxonMobil has offered at least $2.2 billion for InterOil Corp in order to obtain the smaller company's...

  • TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT. ANKARA- Turkey central bank monetary policy meeting- 1100 GMT. PRETORIA- South African Reserve Bank starts its three-day monetary policy committee meeting.

  • IBM also stood by its full-year forecast for adjusted earnings of at least $13.50 per share, dispelling any concerns about the impact from Britain's vote to leave the European Union. "Investors were a little bit nervous about the guidance, and they'll find a little relief that the company maintained that, despite some headwinds associated with their high sales...

  • LAGOS, Nigeria— Officials say inflation in Nigeria soared to 16.5 percent in June, with household and utility costs up 24.2 percent. Nigeria's National Bureau of Statistics announced Monday that inflation accelerated from 15.6 percent in May to 16.5 percent in June, with transport costs up 16.9 percent. John Ashbourne of New York- based Capital Economics...

  • *Wall Street headhunters get calls from European banks. LONDON/ NEW YORK July 18- Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially leaving the continent without its own global champion. Since Britain's vote to leave the European Union, some...

  • LONDON, July 18- Wells Fargo has agreed to buy an 11- storey office development project in London's City financial district from HB Reavis, the U.S. bank said on Monday, one of the largest UK real estate deals since Britain voted to leave the European Union. The purchase of the building at 33 Central, King William Street-- close to the Bank of England and the River Thames--...

  • Theresa May

    France's former PM Dominique de Villepin has delivered a damning verdict on the U.K's new leader, as well as on German financial management.

  • KIGALI, July 17- Zimbabwe's finance minister blamed international sanctions on Sunday for a cash crunch that has forced the government to delay wages to soldiers and civil servants as President Robert Mugabe faces rare popular protests. Zimbabwe failed to pay the army on time for the second straight month, military sources said on Friday, and Finance Minister...

  • YAMOUSSOUKRO, July 15- Ivory Coast's SIR oil refinery, the biggest in French-speaking West Africa, has asked the government to take on debts that are keeping it from turning a profit despite record output, its managing director said on Friday. Ivory Coast is emerging from a decade-long political crisis capped by a 2011 civil war that erupted when former...

  • KAMPALA/ NAIROBI, July 15- International brewers in Africa are expanding their production of beers based on local ingredients, snapping up craft brewers and introducing more brands as low-cost beers gain popularity on the fast-growing but still poor continent. Diageo unit Uganda Breweries Limited has pinned hopes on Ngule, or "Crown" in the Luganda language,...

  • FRIDAY, JULY 15 ANKARA- Launch of OECD Economic Survey of Turkey. PHNOM PENH- International Monetary Fund representative in Cambodia holds press conference about economy- 0600 GMT. TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT.

  • The company, which was subpoenaed by the U.S. Department of Justice over its sales practices, has delayed filing its annual report as it is analyzing revenue from Africa and China for 2013, 2014 and 2015.. Alere said revised statements for these years are expected to be filed with the U.S. Securities and Exchange Commission in its upcoming annual report.

  • THURSDAY, JULY 14 WASHINGTON- International Monetary Fund's head Christine Lagarde speaks at Center for Global Development in Washington on "Redoubling our Resolve for Global Development". PRETORIA- South African central bank Deputy Governor Kuben Naidoo speaks at South Africa's first ever Public Economics Winter School, where tax policy, industrial...

  • YAMOUSSOUKRO, July 13- Ivory Coast aims to roughly double oil and gas output by 2020 as it pushes for foreign investment in offshore exploration, the head of state oil and gas company Petroci said on Wednesday. We've awarded about 20, "Petroci's Managing Director Ibrahima Diaby said on the sidelines of an energy conference in Ivory Coast's capital Yamoussoukro.

  • *Graduates still look to Silicon Valley, Wall Street. LONDON, July 13- When Barclays executive Sam Dean went to a career fair earlier this year, he asked to speak with a group of students who were not studying finance. "There is no doubt that the banking industry has made some mistakes in recent years in the way that it has run its graduate recruitment processes," said...

  • LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its...

  • LONDON, July 13- Most major conventional oil projects are at risk of cancellation or deferral if global prices remain at $50 a barrel, consultancy Wood Mackenzie said in a report on Wednesday. Wood Mackenzie, which publishes regular assessments of the economics of the world's oil and gas fields, said especially deepwater projects offshore west Africa and in non-...

  • SARAJEVO- European Bank for Reconstruction and Development Vice President Philip Bennett visits Bosnia. MANILA- Philippines central bank governor Amando Tetangco to speak at the central bank's luncheon for stakeholders- 0200 GMT. SARAJEVO- European Bank for Reconstruction and Development and Bosnia to sign a 71 million euro infrastructure loan- 0730 GMT.

  • The latest Reuters poll of over 250 analysts, fund managers and brokers worldwide taken June 27- July 11 also showed an intensifying pull between stretched share prices- with Wall Street at a record high- and bond markets, with most government bond yields at record lows and vast swathes of them negative. The Bank of England is set to reverse course in response to...

  • SINGAPORE, July 12- Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found China had breached the sovereign rights of the Philippines and...