GO
Loading...

Africa

More

  • MELBOURNE, April 28- London copper edged up on Tuesday, supported by a weaker dollar and expectations that China may adopt fresh measures to shore up its struggling manufacturing sector. "But, obviously, generally China's overall economy is not that good at the moment, which is why the Chinese government has made these decisions. A senior official at China's top...

  • SHANGHAI, April 28- China Railway Construction Corp Ltd has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported late on Monday, as the country's railway firms increasingly flex their muscle overseas. CRCC's China Civil Engineering Construction Corporation unit will work on a $3.5 billion intercity railway...

  • ABUJA, April 27- A forensic audit of Nigeria's state oil firm released on Monday said the company, accused of corruption, actually overpaid the state by almost $750 million, but should still pay it an additional $1.5 billion. Details in the PriceWaterhouseCoopers audit said NNPC actually overpaid by $0.74 billion in the period between January 2012 to July 2013,...

  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • LISBON, April 27- Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and rising oil output. In his first news briefing as chief executive, Carlos Gomes da Silva also said Shell's acquisition of BG Group, which is Galp's partner in some...

  • *Yemen faces mounting humanitarian crisis. LONDON, April 27- Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. The Arabian peninsula's poorest country, Yemen...

  • LAGOS, April 27- The road leading to the Lagos port, which handles nearly everything that Africa's biggest economy imports, is one of the most congested in a megacity whose traffic jams are legendary. Wide enough to accommodate only two lanes on either side, along it move the goods that Africa's top crude producer uses its huge oil receipts to buy-- everything from...

  • WASHINGTON— The acting chief executive of the Clinton Foundation says the global philanthropy is working quickly to remedy mistakes it made in how it disclosed donors, saying that its policies on transparency and contributions from foreign governments are "stronger than ever." Pally said the Clinton Foundation expected to refile some of its tax forms,...

  • Strong India rupee stings Modi's export ambitions Sunday, 26 Apr 2015 | 5:00 PM ET

    NEW DELHI, April 27- Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales. "Only a year ago, I was getting 80 rupees for each euro on garment exports to France. The result has been India's...

  • WASHINGTON— The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential campaign as the presume Democratic frontrunner. Pally also described the foundation's work with the Clinton Giustra Enterprise...

  • CHICAGO, April 25- Three highly pathogenic avian flu viruses that have infected poultry and wild birds in the U.S. But the presence of the viruses in North America has scientists scrambling to understand their potential long-term threat. Stephen Morse, an expert in emerging infections at Columbia University.

  • TRIPOLI, April 25- Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. The pipeline crosses through territory west of the capital Tripoli that has been fought over by armed factions loyal respectively to Libya's two rival governments. Libya had to shut down the field late last year when a group in Zintan opposing a...

  • DIARY- Emerging Markets Economic Events to May 7 Friday, 24 Apr 2015 | 8:02 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • LAGOS, April 24- Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion. A sharp drop in the global price of oil, Nigeria's main export, has triggered a currency crisis in Africa's largest economy and strained...

  • The trade, known as Alexandria, is at the heart of a scandal that rocked Monte dei Paschi in 2012 just as it was being hit hard by the euro zone debt crisis. The bank emerged as the weakest lender in a Europe- wide review of lenders last year and has been told by the European Central Bank to close the Alexandria trade because its exposure to Nomura breaches regulatory...

  • MOSCOW, April 24- Russian meat producer Cherkizovo plans to increase poultry exports to reap the benefits of a weaker rouble as domestic prices come under pressure from faltering consumption, its chief executive said. Although the rouble has firmed over the past three months, Sergei Mikhailov told Reuters that Cherkizovo should have taken advantage of the...

  • KENYA'S FINANCE MINISTER TELLS REUTERS DRAFT LAW FOR PLANNED NAIROBI FINANCIAL CENTER TO BE READY IN 3 MONTHS.

  • Murder and abuse before deadly migrant crossing Thursday, 23 Apr 2015 | 4:42 PM ET

    CATANIA, Italy, April 23- Italian investigators are piecing together a picture of beatings and abuse that hundreds of Africans and Bangladeshis suffered before setting sail from Libya to Italy, only to drown late on Saturday in one of the worst migrant shipwrecks ever in the Mediterranean. More than 700 people, most locked into the hold and lower deck of a 20-...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...