Jim O'Neill, former chairman of Goldman Sachs Asset Management, says that - compared to the past decade - Brazil's economy is not in bad shape.» Read More
WARSAW/ PARIS- French President Francois Hollande plans to raise concerns about a possible $10 billion- plus U.S. fine on BNP Paribas that he considers disproportionate with U.S. counterpart Barack Obama.
GEORGE: KEEPING RATES LOW EVEN AFTER RECOVERY IS COMPLETE SETS STAGE FOR MORE RISK-TAKING.
GEORGE: LIKELY APPROPRIATE TO RAISE RATES FASTER THAN MOST AT FED NOW EXPECT.
GEORGE: FED WILL NEED TO RESIST PRESSURE TO BACK AWAY FROM RATE HIKES.
FED' S GEORGE: FED SHOULD RAISE RATES' SHORTLY AFTER' END OF BOND-BUYING.
BRASILIA, May 29- The five BRICS nations will likely agree to fund their $100 billion development effort equally, giving them the same rights in a new multilateral bank that could start lending in two years, a senior Brazilian government official told Reuters on Thursday.
Peter Attard Montalto, emerging market economist at Nomura International, discusses South Africa and says that the growth outlook for the medium-term is not particularly "rosy."
JOHANNESBURG, May 27- The new boss of South Africa's Adcock Ingram announced an overhaul of the struggling drugmaker to allow its different businesses to operate more independently in a bid to make them more nimble and increase accountability.
ADDIS ABABA, May 26- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control.
JOHANNESBURG, May 25- South African President Jacob Zuma promoted deputy finance minister Nhlanhla Nene to finance minister on Sunday, replacing the widely respected Pravin Gordhan in a new cabinet line-up to start a second five-year term in office.
NEW DELHI- Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. Bank of England's Bean says may be case for earlier rate hikes- BBC.
Polls in the so-called Fragile Five economies- Brazil, India, Indonesia, Turkey and South Africa- topped investors' list of political worries for 2014.. Presidential polls in Brazil and Turkey are still to come, but parliamentary elections in India and South Africa and local elections in Turkey have been greeted with enthusiasm by investors.
*Strike in platinum mines has gone on for 17 weeks. RUSTENBURG, South Africa, May 22- The chanting began around midnight, a chilling message through the cold of the early South African winter to those who had dared to cross the picket lines at platinum producer Lonmin.
FED' S GEORGE SAYS FED BOARD WOULD BE STRENGTHENED IF A CURRENTLY EMPTY SEAT WERE FILLED BY PERSON WITH COMMUNITY BANKING EXPERIENCE.
FED' S GEORGE DOES NOT COMMENT ON OUTLOOKS FOR U.S.
JOHANNESBURG, May 20- South African platinum miner Lonmin has dismissed 235 essential services workers who were on an unsanctioned strike and defied a court order to return to their jobs, it said on Tuesday.
*CEO says Lonmin has lost a third of annual production. JOHANNESBURG/ LONDON, May 19- South African platinum miner Lonmin has lost a third of its annual production due to an industry strike over wages which its chief executive described as a "bleeding" that might lead to the company's death if not stopped in time.
May 17- For other related diaries, please. FRANKFURT- Frankfurt Finance Summit 2014. Speakers:- European Commissioner for Internal Market and Financial Services Michel Barnier, Czech National Bank board member Kamil Janacek, ECB executive board member Andreas Dombret, Bank of Spain Governor Luis Linde and former Germany Finance Minister Theodor Waigel.
MARIKANA, South Africa, May 14- South Africa's police minister vowed to crack down on violence against platinum miners who were trying to return to work and arrest "within hours" strikers he said were behind a campaign of intimidation.
BEKKERSDAL, South Africa, May 14- As he stood in the voting booth last week, South African pensioner Mokayile Maraba agonised long and hard over whether to vote for the ruling African National Congress, a party he has supported all his life.