Bob Diamond, Atlas Merchant Capital founder, shares his views on investing in Africa. It's a great business environment, says Diamond, talking about a deal he's about to close in Rwanda.» Read More
NEW YORK, Sept 30- World oil prices tumbled to their lowest in more than two years on Tuesday, with U.S. crude posting its biggest daily decline since 2012, as a drop in gasoline prices and end-of-quarter selling capped three months of steep losses.
*EU regulator requests income statements of 2 Apple groups. *If proven, Ireland could have to claw back tax from Apple. BRUSSELS/ LONDON, Sept 30- The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.
JOHANNESBURG, Sept 30- South Africa's central bank has little policy room to boost demand in the economy and should keep its focus on taming inflation, Deputy Governor Lesetja Kganyago said on Tuesday.
*Corn hits new 5- year low, soybeans at 4-1/ 2 year low. Corn had its first gains in three sessions after falling as low as $3.22 per bushel, the lowest since September 2009. Soybeans rebounded after dropping to $9.05-1/ 2, a 4-1/ 2 year low.
*World's biggest tugboat operator eyes growth in Africa. COPENHAGEN, Sept 29- Denmark's Svitzer, the world's biggest tugboat operator, plans to expand in Africa and focus on long-term contracts with oil companies to offset tough trading in its main Australian and European markets, its chief executive told Reuters.
LONDON, Sept 29- U.S. demand for petroleum products has experienced an unprecedented and broad-based decline over the last eight years as soaring oil prices have forced consumers to become more efficient and seek cheaper alternatives.
CHANHASSEN, Minn.— Nightfall is fast approaching at Paisley Park. A melodious instrumental track floods the room, the lush orchestration compliments of the Minnesota Orchestra, whom Prince tapped to perform.
*Also tapping oil suppliers in Africa, Europe and Russia. SEOUL, Sept 29- South Korean refiners faced with weak margins want to cut costs by diversifying away from their traditional crude suppliers in the Middle East, and U.S. condensate could be an attractive option now that a long-standing U.S. export ban has been eased.
MONROVIA, Sept 27- Liberia's chief medical officer, who is also a deputy health minister, has put herself in quarantine as a precaution against Ebola after one of her assistants died from the disease, the government said on Saturday.
DES MOINES, Iowa— The rapidly rising demand for locally grown fruits and vegetables has created a robust new market for refugees who fled violence in their home countries and found peace in farming small plots of land in several U.S. cities.
CAMBRIDGE, Mass., Sept 26- Ghana President John Dramani Mahama said on Friday that a deal his country is hashing out with the International Monetary Fund could help it by improving its image with foreign investors. So we are looking at this IMF program, "Mahama told an audience at Harvard University in Cambridge, Massachusetts.
JOHANNESBURG, Sept 26- Global warming in Africa may soon move bond markets. In 2016, the first climate change bonds will be issued from Africa- unique instruments that will enable the world's poorest continent to tap both capital markets and donor funds to bolster its defenses against extreme weather events such as prolonged drought or extreme heat.
BAMAKO, Mali— Auditors from the International Monetary Fund say they are satisfied Mali is taking steps to correct financial irregularities and loans to the country could resume soon.
PARIS/ LONDON, Sept 25- Jean Lemierre, a former head of Europe's reconstruction bank and a veteran of international debt negotiations, will need all his diplomatic skills to repair BNP Paribas' relations with the United States as chairman of France's biggest bank.
*Alstom, Bombardier battle cheaper Chinese manufacturers. BERLIN, Sept 25- Trains are likely to become more like long-haul planes, with customised carriages and tablets embedded into hi-tech seats, as Western manufacturers fight back against cheaper Chinese rivals and Europe's railways open up to greater competition.
BERLIN— A German-American journalist released after more than 2 ½ years by pirates in Somalia says he is safe though "not healthy" and needs time to recover before speaking about his ordeal.
NEW DELHI, Sept 25- Pakistan plans to split ailing national flag carrier PIA into two companies and sell control of the core business to a global airline over the next 18 months, but political opposition to the sell-off will be intense, the country's privatization czar said.
*France rejected negotiation over Iraq intervention. ALGIERS, Sept 24- Algerian militants have beheaded French tourist Herve Gourdel, who was kidnapped by gunmen on Sunday in what the group said was a response to France's action against Islamic State militants in Iraq.
NEW YORK, Sept 24 (Reuters)- Brent crude oil futures dropped below $96 a barrel on Wednesday to a two-year low as rising supply from Africa and Iraq offset mounting tensions in the Middle East and stronger-than-expected growth expectations in China.
*France rejected negotiation over Iraq intervention. ALGIERS, Sept 24- Algerian militants have released a video that appears to show them beheading Frenchman Herve Gourdel, who was kidnapped on Sunday, in what the group said was a response to France's action against Islamic State militants in Iraq.