Europe Opens Sharply Lower on Fed Comments
South Africa
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Founded in 1845 in Cape Town, Old Mutual is now a FTSE100-listed international savings group and insurer. David Marshall, strategy director for the firm, says the company's core focus remains on the continent and believes risks are often exaggerated.
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Marion Blakey, former administrator of the Federal Aviation Administration, and AIA's chief executive, said she was heartened by the poll, conducted by the Christian Science Monitor newspaper, but her industry needed to do a better job dispelling misperceptions about drones.
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PARIS, June 19- From their roots in spying and stealth military attacks, unmanned planes are spreading into the civilian sphere and could soon be put to work in tasks as diverse as inspecting oil pipelines, catching rhino poachers and even flying travellers.
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PARIS, June 19- French start-up company Ynsect has identified a cheap, nourishing and locally sourced alternative to soybeans as a vital source of protein in animal feed.
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*Inflation slows, gives central bank more policy room. PRETORIA, June 19- Higher global demand for its exports unexpectedly shrank South Africa's current account deficit in the first quarter of the year, a trend that could continue if the sharply depreciated rand remains weak.
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LONDON, June 19- The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday.
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LONDON, June 19- The rand firmed to five-day highs on Wednesday after better-than-expected South African current account data but most other emerging assets were broadly weaker as investors awaited clarity on the U.S.
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SYDNEY, June 18- All the major currencies marked time in Asia on Wednesday as investors waited anxiously to see if the Federal Reserve could clarify the outlook for policy without sending markets into a fresh frenzy.
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MUMBAI, June 17- The Reserve Bank of India kept interest rates unchanged on Monday as expected after cutting them in each of its previous three policy reviews, warning of upward risks to inflation as its currency is among the hardest hit amid a global emerging markets sell-off.
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SINGAPORE, June 17- Gold fell in early Asian trading on Monday as investors await indications from a key U.S. *Spot gold eased 0.2 percent to $1,387.24 an ounce by 0022 GMT.
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LONDON, June 16- Britain intercepted phone calls and monitored computers used by officials taking part in two high-level international finance meetings in London in 2009, a British newspaper said on Sunday. The report was published hours before leaders of the Group of Eight countries- all of which are in the G20- start a two-day summit in Northern Ireland.
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STOCKHOLM, June 16- Nordic telecom operator TeliaSonera said on Sunday it had picked Johan Dennelind, the current chief executive of South Africa's Vodacom International, as its new CEO.
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JOHANNESBURG, June 15- Anglo American Platinum said on Saturday operations at its Thembelani mine in South Africa were back to normal after a "group of employees" on Friday prevented 2,400 workers from going above ground. "The situation at the mine is normal, people came above ground yesterday evening," Amplats spokeswoman Mpumi Sithole said.
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*Geopolitical tensions in Syria benefit safe havens. NEW YORK/ LONDON, June 14- Resilient demand for coins and bars and a pullback in the U.S. equities market lifted gold on the day and for the week on Friday.
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LONDON, June 14- Gold held steady near $1,385 an ounce on Friday and was on track to end the week little changed as dealers awaited clearer direction on the Federal Reserve's bullion-friendly monetary easing policy. Gold is little changed since last Friday, and has ended the last four weeks in a $10 range.
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NAIROBI, June 14- East Africa's economies- Kenya, Uganda, Tanzania and Rwanda- may need to do more than just present their budgets simultaneously if they are to draw the foreign investment they need to wean themselves off aid.
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LONDON, June 14- Gold edged lower on Friday, hurt by a recovery in stock markets and gains in the dollar, as dealers awaited clearer direction on the Federal Reserve's monetary policy. Spot gold was down 0.4 percent at $1,379.69 an ounce at 0956 GMT, while U.S. gold futures for August delivery were down $1.60 at $1,379.20.
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*Pressure grows on Lalao Ravalomanana, Rajoelina not run. *Mineral-rich island's economy still struggling.
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LONDON, June 14- Fastjet, the African budget airline backed by easyJet founder Stelios Haji-Ioannou, said it would temporarily shelve plans to launch domestic routes in South Africa to focus on rolling out international flights from Tanzania.
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*BMW unit in tax probe, others raided over pricing- media. SEOUL, June 14- Recent free trade deals have helped foreign premium-brand automakers such as BMW and Mercedes-Benz drive up sales in South Korea, previously a heavily protected market dominated by Hyundai Motor and affiliate Kia Motors. "Korea is a highly protected market.
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NEW YORK/ LONDON, June 13- Gold fell almost 1 percent on Thursday as encouraging U.S. retail sales and job data fueled speculation on the possible scaled-back U.S. Platinum group metals also tumbled on easing supply fears after South Africa's top mining union delayed plans to strike.
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