StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.» Read More
KHARTOUM, Oct 7- A Sudanese military plane crashed in a rural area west of the capital Khartoum on Sunday with 20 armed forces personnel on board and some of them were killed, a military spokesman said. "Some were killed and some were injured," spokesman Al-Sawarmi Khalid told Reuters. He did not give a precise death toll or the cause of the crash.
*Flight was on the way to Darfur. KHARTOUM, Oct 7- A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 15 people on board, the army said. The Antonov 12 transport plane was travelling to El Fasher in northern Darfur, military spokesman Al-Sawarmi Khalid said.
KHARTOUM, Oct 4- Sudan and South Sudan will remain locked in conflict despite reaching a border security deal last week because they do not trust each other enough to resolve their biggest disputes, leading Sudanese opposition figure Hassan al-Turabi said.
*If successful, would be Tullow's second oil discovery in Kenya. NAIROBI, Oct 1- British explorer Tullow Oil Plc and its Canadian partner Africa Oil Corp started drilling a third well in Kenya, extending a campaign to discover more reserves after finding oil in the east African country earlier this year.
*NAIROBI- Industry regulator Tea Board of Kenya releases performance report. global growth, with data from Japan to China underscoring sluggish business. weakness in China and Japan as well as persistent worries about the.
NAIROBI, Oct 1- Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said.
Click to see some of the fallout from this clash between the West’s cherished freedom of expression and the Muslim world’s insistence on respect for its traditions.
The US wants China and Arab states to help foot the $3bn bill for a deal designed to unlock oil production and set Sudan and South Sudan back on the path to peace, the FT reports.
The “Fast Money” pros weren’t concerned that the effect of a Saudi pipeline explosion - false, as it turns out - would last.
Oil prices are on a roll, and this strategist thinks its bad news for the buck.
JPMorgan has agreed to pay $88.3 million to settle potential civil liability for apparent violations of a wide range of US sanctions, the Treasury department said.
With South Sudan the world's newest country, a brand new currency is also in the works. Now Sudan is also launching new money. But there's a hitch.
On Saturday, South Sudan becomes the world's newest country and Africa's 54th state, a process that follows 50 years of bloodshed. Renewed violence on its borders has shaken hopes of a peaceful transition to nationhood, but the fledgling country is not a failed state in waiting, analysts and senior figures in the reconstruction effort told CNBC.com.
So, which dictators have been in power the longest and how have their economies fared under their rule? Find out!
Barclays has agreed to pay $298 million over criminal allegations that it illegally engaged in financial transactions with banks in Cuba, Iran, Libya, Sudan and Burma, the Justice Department disclosed in court papers filed Monday.
The EU banned all airlines from the Philippines and Sudan from flying into the region’s airports Tuesday, citing “serious safety deficiencies” found by the UN and U.S. aviation authorities, the New York Times reports.
While the Save Darfur Coalition mildly "applauded" Berkshire Hathaway's PetroChina sales, even if they weren't driven by human-rights concerns, another group that's been urging Warren Buffett to divest is more direct in its criticism.
A group that's been urging Warren Buffett to divest Berkshire Hathaway's PetroChina holdings is "applauding" today, even if it might not like Buffett's stated reason for selling the entire stake.
The Wall Street Journal's widely followed Heard on the Street column today focuses on Warren Buffett's big PetroChina sales in recent weeks, even as the stock has rallied to new highs. It neatly recaps the question we've been asking here at WBW: Is Buffett selling because he thinks PetroChina has become overvalued after an enormous run-up or is he selling in response to human-rights activists who see divestment as a way to pressure China over its ties to Sudan, which is accused of supporting mass killings in Darfur?
Warren Buffett may be making big cuts in his PetroChina holdings, but another very well-known international investor is sticking with the big Chinese energy company. Mark Mobius says just because Buffett is selling, don't assume the stock is going lower. Indeed, Buffett may have something very different in mind.