GO
Loading...

Africa

More

  • Disturbing elements ahead of Alibaba IPO Friday, 12 Sep 2014 | 1:42 PM ET

    Ax Alibaba heads to the big time with an IPO that could value the company at $162 billion, the e-commerce group is contending with online offers of gallium and uranium. The FT reports.

  • JOHANNESBURG, Sept 12- After his conviction on Friday for the negligent killing of his girlfriend Reeva Steenkamp on Valentine's Day last year, Olympic track star Oscar Pistorius's next battle will be to stay outside the walls of the notorious Pretoria Central Prison, or C-Max.

  • UPDATE 1-Pistorius found guilty of culpable homicide Friday, 12 Sep 2014 | 4:33 AM ET

    PRETORIA, Sept 12- Oscar Pistorius was convicted of culpable homicide on Friday, having escaped the more serious charge of murder for the killing of his girlfriend, and the Olympic and Paralympic track star could face a lengthy prison sentence.

  • TOKYO, Sept 12- Japanese trading house Mitsubishi Corp is buying a 20 percent stake in an offshore oilfield in Ivory Coast from U.S. firm Anadarko Petroleum, in what will be the first Japanese oilfield stake purchase in the African country.

  • San Diego cabbies cry foul over body odor test Friday, 12 Sep 2014 | 2:18 AM ET

    SAN DIEGO— Body odor is among 52 criteria that officials at San Diego International Airport use to judge taxi drivers. A 2013 survey of 331 drivers by San Diego State University and Center on Policy Initiatives found 94 percent were immigrants and 65 percent were from East Africa.

  • PRETORIA, Sept 12- Oscar Pistorius returns to court on Friday after being cleared of murdering girlfriend Reeva Steenkamp, but the South African Olympic and Paralympic sprinter could still be convicted of culpable homicide for the "negligent" shooting of the model.

  • SINGAPORE, Sept 12- Gold extended losses to trade near a 7-1/ 2 month low on Friday, poised to post its worst week in more than three months as a stronger dollar and easing tensions in Ukraine curbed appetite for safe-haven bullion.

  • *Liberia, Sierra Leone GDP could fall sharply. WASHINGTON, Sept 11- Economic growth in Liberia and Sierra Leone could decline by almost 3.5 percentage points as the world's worst outbreak of Ebola has crippled mining, agriculture and services sectors in the two West African states, the IMF said on Thursday.

  • JOHANNESBURG, Sept 11- South Africa- focused bullion producer Sibanye Gold plans to cut up to 2,500 workers at its recently acquired Cooke 4 mine west of Johannesburg, two industry sources told Reuters on Thursday. Job cuts are a thorny issue in South Africa where labor relations in the mining shafts are raw and the unemployment rate is around 25 percent.

  • Jose Filomeno dos Santos, chairman of Angola's fledgling $5 billion fund, noted that while his country has one of Africa's highest economic growth rates, it still has one of the continent's highest child mortality rates.

  • *Trial presented South Africa with awkward realities. PRETORIA, Sept 11- A South African judge cleared Oscar Pistorius of premeditated murder on Thursday, saying prosecutors had failed to prove the Olympic and Paralympic track star explicitly intended to kill his girlfriend on Valentine's Day last year.

  • The worst-ever Ebola outbreak, which has already killed at least 2,296 people in West Africa, has triggered a scramble to develop the first drug or vaccine for a deadly disease that was discovered nearly 40 years ago in the forests of central Africa.

  • SINGAPORE, Sept 11- Gold was trading near its lowest level in three months on Thursday, hit by fears of an early hike in U.S interest rates, a stronger dollar and an apparent easing of tensions over the Ukraine. *Spot gold was little changed at $1,248.95 an ounce by 0030 GMT, after dropping 0.6 percent on Wednesday, when it hit a three-month low of $1,243.56.

  • Judgement day for Oscar Pistorius Wednesday, 10 Sep 2014 | 7:00 PM ET

    JOHANNESBURG, Sept 11- After 41 days of tears, anguish and at times gruesome testimony in the Pretoria High Court, Oscar Pistorius, the double amputee who became one of the biggest names in athletics, will learn this week whether he will spend the next 25 years behind bars.

  • Judgment day for Oscar Pistorius Wednesday, 10 Sep 2014 | 7:00 PM ET

    JOHANNESBURG, Sept 11- After 41 days of tears, anguish and at times gruesome testimony in the Pretoria High Court, Oscar Pistorius, the double amputee who became one of the biggest names in athletics, will learn this week whether he will spend the next 25 years behind bars.

  • JOHANNESBURG, Sept 10- Aspen Pharmacare is to sell the rights to market a blood clot drug in the United States to rival Mylan Inc for up to $300 million, it said on Wednesday, a move that would help Africa's top generic drugmaker pay down debt.

  • Offshore oil drilling market to suffer through 2015-execs Wednesday, 10 Sep 2014 | 9:27 AM ET

    *Deepwater rates $375,000- $500,000 vs $650,000 last year. OSLO, Sept 10- A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday.

  • BERLIN, Sept 10- German venture capital firm Rocket Internet unveiled plans for a stock market listing that could value the company behind dozens of online start-ups at $6.5 billion, riding a wave of e-commerce flotations.

  • BERLIN, Sept 10- German venture capital group Rocket Internet, which has launched dozens of online start-ups, has set out plans for a stock market listing that could value the company at 5 billion euros as it rides a wave of e-commerce flotations.

  • BERLIN, Sept 10- German venture capital group Rocket Internet, which has launched dozens of online start-ups in recent years, announced plans on Wednesday to raise about 750 million euros by listing a stake as it rides a wave of e-commerce flotations.