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  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 3:00 p.m. ET Thursday, 27 Nov 2014 | 3:00 PM ET

    Oil prices plunge after OPEC decides against output cut. CALGARY- Brent crude oil plunged as much as $6.50 a barrel, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. BOGOTA- Hundreds of thousands of people displaced from their land...

  • *Oil price slump squeezes Nigeria, Angola. The highest profile victim so far has been Africa's top producer, Nigeria, which was forced to devalue its naira currency by 8 percent this week after the central bank admitted dwindling reserves were making it hard to defend it. In dollar terms, the devaluation knocked $40 billion off the value of Nigeria's economy-...

  • JOHANNESBURG, Nov 27- Some investors in failed South African lender African Bank Investments have received offers for its preference shares, the company said on Thursday, a possible sign of interest in the bank ahead of a planned relisting. African Bank has 13.5 million preference shares listed in Johannesburg, according to Reuters data.

  • Lack of coal may bring Ukraine to its knees this winter Wednesday, 26 Nov 2014 | 8:48 AM ET

    LONDON/ BRUSSELS, Nov 26- A shortage of coal, rather than gas, is likely to plunge Ukraine into freezing darkness this winter as conflict in its east seals off supplies that used to make it self sufficient. "We have no energy reserves now, everything works on maximum and every technical problem can lead to sharp power cuts," said Andrey Favorov, managing director of...

  • *Platinum, palladium traders sued by jewelry maker. NEW YORK, Nov 25- Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the U.S. District...

  • BUSINESS-NEWS-SCHEDULE AT 1630 GMT /11:30 AM ET Wednesday, 19 Nov 2014 | 11:40 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. U.S. regulator seeks nationwide recall of Takata air bags. WASHINGTON- The U.S. auto...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /11:00 AM ET Wednesday, 19 Nov 2014 | 11:07 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. WASHINGTON- The U.S. auto safety regulator has told Japanese supplier Takata Corp and...

  • JOHANNESBURG/ DUBAI, Nov 19- Bharti Airtel's planned disposal of mobile phone towers in Africa will see it sell masts in Tanzania to Helios Towers, while units in Malawi will go to Eaton Towers, a person with knowledge of the deal said on Wednesday. The Tanzania sale will include about 1,000 towers, said the source, who declined to be identified because the deal has...

  • DIARY - Emerging Markets Economic Events to Dec 1 Monday, 17 Nov 2014 | 7:02 PM ET

    Nov 18- For other related diaries, please. MAKATI CITY- Asian Development Bank to launch the latest Asian Economic Integration Monitor- 0130 GMT. BRASILIA- Brazil Central Bank President Alexandre Tombini may speak at congressional commission about deterioration of the country's fiscal results.

  • DAKAR/ BRUSSELS, Nov 14- Medecins Sans Frontiers "wasted time" by waiting too long to call for vaccines to fight an unprecedented outbreak of Ebola in West Africa, a veteran of the medical charity told Reuters. The group's response to the epidemic which has so far killed more than 5,000 people has been widely praised by governments and the World Health Organization.

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • LONDON/ VANCOUVER Nov 6- Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. According to Citi analysts, about three quarters of gold mining companies burn cash at spot prices just below $1,200 on an all-in...

  • JOHANNESBURG, Nov 5- South African miner Harmony Gold reported a further quarterly loss on Wednesday and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems which include an escalating battle with illegal miners. Unveiling its results for the three months to end-September, the company said losses narrowed...

  • JOHANNESBURG, Nov 3- South Africa's Bidvest Group on Monday jettisoned plans for a potential listing of its food service arm, the second time it has balked at spinning off the unit and disappointing investors who had bet on a hefty pay-out from the move. Bidvest, a sprawling company involved in businesses from shipping to mop sales, has long acknowledged the need...

  • JOHANNESBURG/ BANGALORE, Oct 30- Kenya's central bank is likely to put off raising interest rates until the second quarter of next year as tumbling oil prices keep a lid on inflation, a Reuters poll found. The exception, Rand Merchant Bank, forecast a 50 basis-point rise to 9 percent. Other central banks from emerging markets- such as South Africa and, on Wednesday,...

  • DIARY - Top Economic Events to Nov 12 Wednesday, 29 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen gives welcome remarks before the "National Summit on Diversity in the Economics Profession" conference hosted by the Federal Reserve- 1300 GMT. WASHINGTON- Exploring New Approaches to Trade, Investment and Jobs Conference. Commerce Secretary Penny Pritzker, Canadian Trade Minister Ed Fast and Mexico Economy...

  • DIARY - Top Economic Events to Nov 11 Tuesday, 28 Oct 2014 | 8:01 PM ET

    Commerce Secretary Penny Pritzker participates in Washington Ideas Forum session hosted by the Atlantic and the Aspen Institute- 1300 GMT. BIRMINGHAM- Bank of England Chief Economist Andy Haldane to speak at the Maxwell Fry Global Finance Lecture- 1715 GMT. TALLINN- Estonian Central Bank to present its Financial Stability Review- 0800 GMT.

  • JOHANNESBURG, Oct 17- Finance Minister Nhlanhla Nene will have his work cut out at next week's budget to try and reassure disillusioned South Africans that the government still has gas in its tank to pull the economy out of the doldrums. Twenty years after Nelson Mandela swept the African National Congress to power, pledging to unleash the economy and ensure...

  • *Faltering euro zone economy, slower growth in China pose biggest risks. Indeed, the biggest danger for the world economy in the coming year is deflation or another recession in the euro zone, followed closely by the risk of slower growth in China, according to polls conducted globally over the past week. "Especially, the recent weakening of growth in emerging...

  • Angolan oil output squeezed by LNG plant closure Wednesday, 15 Oct 2014 | 10:14 AM ET

    MILAN/ LONDON, Oct 15- The lengthy shutdown of a liquefied natural gas plant is helping push Angola's crude oil exports to their lowest levels since 2006, having clogged offshore platforms with unwanted gas supplies and forced operators to limit extraction. But a more far-reaching consequence of the constraint on oil output could be to deter investor...