GO
Loading...

Africa

More

  • US removes Gambia from trade agreement Wednesday, 24 Dec 2014 | 2:11 PM ET

    DAKAR, Senegal— Activists have praised the U.S. government's decision to remove Gambia from a trade agreement in response to human rights abuses, including a law signed in October that imposes life imprisonment for some homosexual acts. The White House announced Gambia's termination as a beneficiary of the African Growth and Opportunity Act late Tuesday,...

  • Economy dominates in-tray of new Tunisia president Wednesday, 24 Dec 2014 | 5:38 AM ET

    TUNIS, Tunisia— The newly elected president of Tunisia faces deep-seated economic problems as he takes power in the country that blazed the trail in the Arab Spring. Unemployment in Tunisia stands at nearly 15 percent— it's double that for the young and women. A key problem in Tunisia is the imbalance between the Mediterranean coast and the interior.

  • Incense trees flourish again in Hong Kong Wednesday, 24 Dec 2014 | 2:47 AM ET

    HONG KONG— On land deep in Hong Kong's lush green northern suburbs near the border with mainland China, farmer Koon- wing Chan is working to keep a legendary scent alive in the city known as the Fragrant Harbor. There's no one else that plants these trees, "said Chan, 55, who returned to Hong Kong in 2009 ago to revive the plantation after nearly a decade spent working in...

  • WASHINGTON, Dec 23- Libya, torn by a growing political divide that threatens to engulf its oilfields, could become the next Syria if it does not patch its divided government and get help battling Islamic militants, the country's foreign minister said on Tuesday. Dayri represents the internationally recognized government in eastern Libya, which is locked in an...

  • UNITED NATIONS, Dec 23- A global arms trade treaty that aims to regulate the $85 billion industry and keep weapons out of the hands of human rights abusers and criminals will enter into force on Wednesday, though the U.S. Senate has not yet ratified it. They say the treaty, which the United States signed in 2013, would require arms exporters around the world to meet...

  • BULOBA, Uganda, Dec 23- From the coffee plantations of Uganda to the maize fields of Zambia, the collapse in world oil prices has so far brought few benefits for African farmers, with stubbornly high pump prices and voracious middle-men maintaining a squeeze on margins. Only in South Africa, the continent's most sophisticated economy and one of its top...

  • *Alibaba helps U.S. market hit IPO numbers not seen since 2000. Tuesday's data showed the U.S. market was among the most successful for new issues, thanks in part to the record-breaking listing of Chinese online retailer Alibaba in September, the largest to date. After the bumper Alibaba sale, Saudi Arabia led the listings with National Commercial Bank's $6...

  • BENGHAZI/ TRIPOLI, Dec 22- Fighting between Libya's competing governments has spread to a third oil port, curbing gas exports to Italy and cutting crude production to less than needed to cover the North African country's own domestic requirements, officials said. Libya has had two governments and parliaments since a group called Libya Dawn seized the capital...

  • Wheat yields most vulnerable in already hot regions. OSLO, Dec 22- Global warming will cut average wheat yields by six percent for every degree Celsius of temperature rise in a bigger-than-expected brake on food production in a hotter world, a study said on Monday. In recent decades, wheat yields had declined in hotter sites such as in India, Africa, Brazil and...

  • Libya not producing enough oil for own needs, NOC says Monday, 22 Dec 2014 | 10:11 AM ET

    TRIPOLI, Dec 22- Libya's oil output cannot even cover its own needs, the National Oil Corp said on Monday, as the country struggles with fighting and protests that have hampered production since the 2011 ouster of leader Muammar Gaddafi. OPEC member Libya produced about 1.65 million barrels of crude oil a day the year before Gaddafi's ouster, consuming about...

  • TRIPOLI, Dec 20- Libya's internationally recognised government aims to set up a new payment system to receive oil revenues, bypassing the central bank based in Tripoli, the capital city that is no longer under its control, its top oil official said on Saturday. The OPEC oil producer has had two parallel governments and parliaments since August when a group called...

  • Falling oil prices worry Algeria Saturday, 20 Dec 2014 | 5:09 AM ET

    ALGIERS, Algeria— With oil prices at their lowest in five years and showing few signs of hitting bottom, Algeria is feeling the pinch. Though its problems are dwarfed by the impact on Russia for example, Algeria may have to rein back many of the policies it has held dear over many years. In many ways, the rule of Algerian President Abdelaziz Bouteflika has echoes with...

  • LONDON, Dec 19- Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States. Those include British oil and gas company BG Group, which produces oil and gas in regions including Brazil, East Africa and Australia.

  • DAR ES SALAAM, Dec 19- Tanzania's gross domestic product has expanded by 32 percent after the state rebased its calculation to incorporate new sectors in the economy, including big discoveries of natural gas, officials said on Friday. Farming remains Tanzania's economic mainstay, while tourism, mining, communications and financial services are the other key...

  • MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...

  • *Shanghai copper reverses early losses to follow LME up. SYDNEY, Dec 19- Copper futures edged higher on Friday as oil prices rose and on worries over a possible supply disruption in Africa. Barrick Gold Corp said on Thursday it would suspend operations at its Lumwana copper mine in Zambia if legislation is passed to lift royalties on open-pit mining operations to...

  • *Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...

  • EU grain to enjoy spoils of Russian export curbs Thursday, 18 Dec 2014 | 12:05 PM ET

    *Australia, Argentina, Canada, Ukraine could also benefit. PARIS, Dec 18- European Union grain exporters will be the main beneficiaries of Russia's pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders said. "At current prices, it's clearly European wheat that will benefit," Andree...

  • NEW YORK, Dec 18- Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. But in late morning trade in New York, benchmark Brent and U.S. crude fell more than $1 a barrel to session lows. "We're continuing to search for a bottom, and might even see...

  • ND officials eager to expand trade with Cuba Thursday, 18 Dec 2014 | 8:38 AM ET

    BISMARCK, N.D.— The Obama administration's move to restore diplomatic relations with Cuba could lead to increased sales of North Dakota crops to the communist island nation, though some issues would need to be sorted out, officials say. Over the past 12 years, the state has exported an average of about $1 million worth of agricultural goods to Cuba annually...