With the soccer World Cup only three months away, Adidas and Nike are squaring up for a marketing battle to match the on-field rivalry of nations.» Read More
While stabilization may have set in for emerging markets, Paul Bloxham, Chief Economist, Australia & New Zealand at HSBC, says the 'fragile five' remain weak with the Fed's continued taper.
CAPE TOWN, Feb 14- South Africa's telecoms regulator is delaying by two months a plan to cut fees that mobile operators charge rivals for using their networks, allowing it time to respond to a court challenge from Africa's biggest mobile operator.
Tom Wilson, director of intelligence and analysis at Africapractice, highlights the challenges facing South Africa's president, Jacob Zuma, ahead of his state of the union address on Thursday.
*Platinum dollar prices fail to benefit from strikes. LONDON, Feb 11- The world's biggest platinum-backed exchange-traded fund, based in South Africa, reported its largest ever outflow last week after the rand platinum price hit 5-1/ 2 year highs, prompting domestic investors to cash in gains.
JOHANNESBURG, Feb 9- For corporate South Africa, the tumbling rand has been both a blessing and a curse: a windfall for mining houses, it has also saddled domestic manufacturers and retailers with higher costs and weaker consumer demand.
JOHANNESBURG, Feb 7- Chile's CFR Pharmaceuticals dropped a $1.2 billion bid for South Africa's Adcock Ingram on Friday, paving the way for Adcock's largest shareholder to overhaul the underperforming drugmaker.
MUMBAI/ LONDON, Feb 6- Global pharmaceutical firms are pressuring the United States to act against India to stop more local companies producing up to a dozen new varieties of cheap generic drugs still on-patent, sources with direct knowledge of the matter said.
LONDON, Feb 5- Ailing emerging markets are caught between a rock and a hard place- Washington and Beijing to be more precise. For much of 2013, the investor narrative was that currencies and stock markets from Mumbai to Moscow and Istanbul to Johannesburg were running aground as Federal Reserve largesse ebbed away.
ACCRA, Feb 5- Ghana's central bank tightened foreign exchange rules on Wednesday and looked set to raise interest rates in response to a currency slide and the end of the U.S.
CAPE TOWN, Feb 5- South Africa hosts the annual Africa mining conference but the country is a hard sell at its own party. Outside investors are increasingly wary of South Africa's mining sector and extra salt is being rubbed into its reputational wound as the conference coincides with a massive strike in its platinum shafts.
Investors bet Hungary and Russia will be the next emerging economies forced to defend their currencies after India, Turkey and South Africa.
UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September. Ban is seeking to re-energize the global climate change debate and boost the United Nations' role.
UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September.
Jan 31- The Federal Reserve's decision to ratchet down its massive bond-buying program was a "modest but positive step," a top Fed official said on Friday, but continued super-easy monetary policies pose risks both at home and abroad.
Uganda, Tanzania and Rwanda will all experience an acceleration in growth, punching above 6 percent in the medium term, according to the Reuters poll taken in the past week and published on Friday. "East Africa stands out as the growth hotspot," said Razia Khan, head of Africa research at Standard Chartered in London.
While firms such as carmaker BMW have abandoned plans to increase their local presence due to unstable labour relations, U.S. hotel group Marriott International is piling in to a country whose stunning mountains, beaches and wildlife parks draw more than 9 million tourists a year.
UNITED NATIONS, Jan 30- Former New York City Mayor Michael Bloomberg has been tapped to be U.N. special envoy for cities and climate change, sources familiar with the situation said on Thursday.
FRIDAY, JAN 31 VIRGINIA, United States- U.S Treasury Secretary Jack Lew will meet the CCAM's business and university partners. FORTH WORTH, United States- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Federal Reserve Operations and Economic Update" at a community forum hosted by the Federal Reserve Bank of Dallas in Fort Worth, Texas- 1815 GMT.
MERITING, South Africa, Jan 30- South African miner Venter Mulutsi has one food item in his small fridge: a bag of potatoes that he hopes will last a week. Beyond that, the Impala Platinum miner who has been on strike for a week with around 100,000 of his comrades from the Association of Mineworkers and Construction Union, has a bag of maize meal and a loaf of bread.
THURSDAY, JAN 30 BERN- Bank of Italy's former Deputy Governor, Fabrizio Saccomanni, visits Switzerland. He will open the second forum for dialogue between Switzerland and Italy in the company of the Swiss President Didier Burkhalter.