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  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • Africa's richest economy surviving on borrowed cash Tuesday, 5 May 2015 | 5:32 PM ET

    LAGOS, Nigeria— Africa's richest economy is borrowing money to pay salaries as it struggles through a "difficult cash crunch" brought on by halved oil prices, Nigeria's finance minister revealed Tuesday. The news comes as Nigeria prepares to welcome a new government at the end of month and its naira currency remains in a slump, hovering between 180 and 220 to the...

  • May 5- Archer Daniels Midland Co, one of the world's largest grain traders, announced on Tuesday a deal to acquire full ownership of two Romanian export terminals on the Black Sea, bolstering its ability to export grain from Eastern Europe. ADM said it has agreed to acquire North Star Shipping and Minmetal, a 50-50 joint venture with North Star, which have grain...

  • NAIROBI, May 5- Kenya's shilling weakened against the dollar on Tuesday, hitting a fresh three and a half year low and breaking the technical support level of 95.00. At the 1300 GMT close of trade, commercial banks quoted the shilling at 95.05/ 15 to the dollar, its lowest since November 2011, and down from 94.80/ 90 at Monday's close. "It looks like we've been flirting...

  • BISSAU, May 5- Guinea Bissau is reviewing contracts signed by previous governments as the West African country seeks to ensure miners have sufficient means to kick-start its $2 billion economy, its prime minister told Reuters. Domingos Simoes Pereira, elected at polls a year ago that sealed a transition back to democracy after a 2012 coup, said the review was...

  • May 4- McDonald's Corp's new chief executive officer said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company." Shares were down nearly 2 percent in premarket trading, then retraced losses to stand off 0.1 percent at $97.70 on the New York Stock...

  • May 4- McDonald's Corp's new chief executive officer said on Monday he would reorganize operating units, sell more restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company." Shares were down 0.6 percent at $97.24 on the New York Stock Exchange as investors digested the news. Easterbrook's plan, " Miller...

  • DAR ES SALAAM, May 4- Nigeria's Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa's leading cement producer eyes new markets on the continent. A $500 million factory it is building in southern Tanzania, with an annual capacity of 3 million tonnes, will double the country's annual output of cement to 6 million tonnes.

  • WASHINGTON— Former President Bill Clinton is publicly musing about his life in a future Clinton administration, saying he would consider stepping down from the foundation that he founded more than a decade ago, if his wife wins the White House. Bill Clinton has largely stayed on the sidelines during the early weeks of his wife's presidential bid, opting to focus...

  • However, the decision drew criticism from some online activists in India who expressed concern over Facebook's control over all data accessed on the service and said it violated the principles of an open web. It has been launched in nine countries in Africa, Latin America and Asia, including India, bringing over 8 million people online, said Chris Daniels, vice...

  • Reflecting this uncertainty, analyst valuations vary widely, with Morgan Stanley predicting it may start with a market worth of A $8.5 billion and Investec around $12 billion. But if commodity prices are weak, it's going to be a bit more problematic, "said Paul Xiradis, chief executive of Ausbil Investment Management, a BHP Billiton Ltd shareholder.

  • Secretary of State John Kerry on Saturday championed the new Sri Lankan government's push for democratic reform and promised closer ties with the strategically located Indian Ocean nation. Sri Lanka's government is determined to end years of international isolation linked to its long war with Tamil separatists, so it really rolled out the red carpet for...

  • Wheat prices were mixed, hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in...

  • Wheat prices were hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in many...

  • NEW YORK— The U.S. government announced a system Friday to compensate people harmed by Sudan, Iran and Cuba using some of the $8.9 billion forfeited by France's largest bank for violating U.S. economic sanctions by processing transactions for clients in blacklisted countries. It said it processed billions of dollars in illegal transactions on behalf of...

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • OSLO, April 30- Oil major Statoil swung to a surprise first-quarter net loss on a writedown in the value of its U.S. shale business, but its operating figures beat forecasts and the firm pleased investors by maintaining its dividend. State-controlled Statoil, which operates in dozens of countries from Canada to Africa, said it had cut its price outlook for its U.S....

  • Avon reports 1Q loss Thursday, 30 Apr 2015 | 7:21 AM ET

    The New York company lost $147.3 million, or 33 cents per share, for the three months ended March 31. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Five analysts surveyed by Zacks expected higher revenue of $1.83 billion.

  • OSLO, April 30- Oil major Statoil swung to a surprise first quarter net loss on a writedown in the value of its U.S. shale business but its operating figures beat forecasts and the firm pleased investors by maintaining its dividend. State-controlled Statoil, which operates in dozens of countries from Canada to Africa, said it had cut its price outlook for its U.S....