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Julian Roberts, CEO of international long-term savings group, Old Mutual, tells CNBC that they¿ve reshaped there business to drive growth in Sub Saharan Africa, where sales grew by 18 percent.
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*Shanghai equities dominate investors top picks. LONDON, Dec 21- With a whiff of global recovery in the air and central bank liquidity abundant, investors in 2013 are packing their bags for China, fellow' BRICs' Brazil and Russia, long-dormant Japan and even some Mediterranean sun.
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LONDON, Dec 20- The' currency wars' long deplored more than shouting matches so far, but the risk of an outbreak of outright hostilities in 2013 is growing.
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*Bankers, analysts say " Africa's moment" has come. SANGBULIMA, Sierra Leone, Dec 20- In sight of a crumbling 18th century slave trade fort overgrown with jungle, a conveyor belt pours ochre-red iron ore into the belly of a bulk carrier moored on the muddy Sierra Leone River.
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The WTO largely backed complaints from Japan and the European Union that the scheme set up by the Canadian province of Ontario discriminated unfairly against foreign companies. The EU welcomed the ruling and said it would open up more business for the bloc's businesses in Canada.
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GENEVA, Dec 19- The World Trade Organization said on Wednesday it largely backed complaints by Japan and the European Union against a renewable energy programme in the Canadian province of Ontario.
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WASHINGTON, Dec 19- The International Finance Corp, the World Bank's private sector arm, plans to issue local currency bonds in 10 African markets from next year to build capital in one of the world's fastest growing regions.
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*India, Indonesia, Philippines, Nigeria now in top 10. WASHINGTON, Dec 17- Crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, led by China, a financial watchdog group said in a new report.
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*LNG day-rates forecast down at $100,000 in 2015. LONDON, Dec 12- Gas tanker owners face falling profits over the next few years as delays to Australian gas project leave new ships unemployed, though the tankers will earn more than other commercial vessels at least until 2016, brokers and analysts said.
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Alison Diezani Madueke, Nigeria¿s oil minister tells CNBC that OPEC countries are concerned about over production over the next eighteen months.
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*China oil imports up in November. *Political uncertainty in Italy limits oil's gains. NEW YORK, Dec 10- Brent oil prices rose slightly on Monday after Chinese data showed oil imports increased last month, a sign of robust demand for commodities in the world's No. 2 oil consuming country.
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*European Commission froze for a year its aviation law. The meeting has been scheduled for Dec. 12-13 in Montreal after a stand-off between the European Union and non-EU nations over a law to include all airlines that use EU airports in the EU Emissions Trading Scheme.
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*European Commission froze for a year its aviation law. The meeting has been scheduled for Dec. 12-13 in Montreal after a stand-off between the European Union and non-EU nations over a law to include all airlines that use EU airports in the EU Emissions Trading Scheme.
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NEW YORK/ OTTAWA, Dec 7- Canadian authorities approved the acquisition of Nexen Inc by CNOOC Ltd and the purchase of Progress Energy by Petronas, easing months of anxiety over the fate of foreign investments in Canadian resources. The Canadian dollar firmed against the U.S. dollar after Reuters reported the CNOOC deal had been approved.
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NEW YORK/ OTTAWA, Dec 7- Canadian authorities have approved the acquisition of Nexen Inc by China's CNOOC Ltd, a source familiar with the matter said on Friday. CNOOC has offered $15.1 billion to buy Nexen, which has Alberta oil sands assets and offshore operations in the North Sea, Gulf of Mexico and Nigeria.
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ABUJA, Dec 5- Nigeria's central bank governor said on Wednesday that monetary tightening earlier in the year had largely achieved its objectives of stabilising the naira and taming inflation, which were less of a worry than four months ago.
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BRUSSELS- Germany and France publicly clash over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms. (EU-BANKING/UNION, moved, by John O'Donnell and Robin Emmott, 850 words).
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BRUSSELS- Germany and France publicly clash over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms. (EU-BANKING/UNION, expect by 1500 GMT/ 10 AM ET, by John O'Donnell and Robin Emmott, 850 words).
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BRUSSELS- Germany and France publicly clash over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms. (EU-BANKING/UNION, expect by 1500 GMT/ 10 AM ET, by John O'Donnell and Robin Emmott, 850 words).
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*ExxonMobil urges a more "competitive fiscal package". ABUJA, Dec 4- Nigeria's oil minister urged foreign majors on Tuesday to accept higher government revenues from crude production outlined in a draft oil bill, but ExxonMobil said that the new terms risked stifling investment.
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*Maybank Kim Eng downgrades Olam to' sell' from' hold'. SINGAPORE/ HONG KONG, Dec 4- Olam International Ltd's $1.2 billion cash call lifted its shares but failed to ease concerns about the Singapore commodities firm's financial position after its CEO only last week said it would not tap debt markets for the next five to six months.