As trade between African nations rises, there is also a growing need for fast, efficient travel between countries. Yet air transport links remain under-developed.» Read More
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.
June 19- Algeria is investigating the head of its state power and gas utility, Sonelgaz, over contracts involving U.S. conglomerate General Electric Co and France's Alstom SA, sources told Reuters and Algerian local media reported. "The case is about inflating costs in deals with U.S. firm General Electric and French firm Alstom," one of the sources said.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
ENNISKILLEN, Northern Ireland, June 18- Following are the opening sections of a communique agreed by the leaders of the G8 powers at a two-day summit in Northern Ireland. To read the full text, click: https://www.gov.uk/government/uploads/system/uploads/attachmenttdata/file/207583/ L o u g h t E r n e t 2 0 1 3 t G 8 t L e a d e r s t C o m m u n i q u e t t 2 t. p d f.
LONDON, June 18- Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping of commodities from the region.
Jose Posada, owner of Galicia-based Posada Marron Glace, which last year sold 1 million euros of delicacies, mostly abroad to countries like Japan, Russia and Angola, wants to push into China and Central America.
DAKAR, Senegal-- A team of Al-Jazeera journalists was released late Monday after being detained for three days in eastern Niger, where they were held in a prison cell, according to a statement from the Qatar- owned network.
LONDON, June 18- Record prices at art auctions in recent weeks and oversubscribed holidays by private jet are among signals that a stock market slump is approaching, if followers of behavioural finance are to be believed.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- A second profit warning in less than 5 months wiped over a quarter from the share price of Italy's Saipem on Monday, leaving Europe's biggest oil industry group worth half what it was at the start of the year.
DUBAI, June 17- Tunisia may spend over a billion dollars to recapitalise its state-owned banks as the government struggles to stabilise the economy after the 2011 revolution, Tunisian authorities have told the International Monetary Fund.
*Deal is Netflix's largest for original programming. *Netflix shares up 5 pct premarket. June 17- Video streaming service Netflix Inc is beefing up its original programming menu through a multi-year deal with DreamWorks Animation SKG Inc, the maker of movies such as Shrek, Madagascar and Kung Fu Panda.
BARCELONA, June 17- Shoppers in the 109 countries where Spanish fashion chain Mango has stores recognise its celebrity faces well, but few know much about the company behind the clothes modelled by Kate Moss, Gerard Pique and Scarlett Johansson. "Mango is from Spain, part of the Inditex group, isn't it?"
ZARAGOZA, Spain, June 17- At military exercises in northern Spain, French and Spanish fighters fly alongside Swedish and Czech transport aircraft while a multinational team of mechanics changes the engine on a Belgian plane.
NEW DELHI, June 17- India's oil imports from Iran fell 12.2 percent in May from a year ago to 213,500 barrels per day, while shipments in the first five months of the year declined 41.8 percent from the same period in 2012, tanker arrival data compiled by Reuters from trade sources showed.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- Saipem's share price fell by as much as 25 percent on Monday, after Europe's biggest oil industry services group gave its second major profit warning in less than six months due to problems with contracts in Algeria, Mexico and Canada.
LONDON, June 17- Even without a relaxation of the ban on U.S. crude oil exports, the ripples of the shale revolution have already reached Asia. More than half of Saudi Arabia's crude exports head to refineries in China and the rest of Asia.
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.
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.
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.
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.