Ethiopian Prime Minister Hailemariam Desalegn, says the World Bank's negative view of the country's economy is wrong and says local businesses are competitive.» Read More
And in Iraq, the al-Qaida breakaway group that has taken huge swaths of territory seized weapons depots all along the way.
*Russia has 10 pct of EMEA maturities of $1.17 trillion. MOSCOW, July 23- Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, which includes a peak maturity wall to overcome in 2015, a report by Moody's Investors Service said.
*Fresh clashes in Tripoli and Benghazi. BENGHAZI, Libya, July 22- A twin suicide bombing at a Libyan army base in Benghazi killed at least four solders in an escalation of clashes between Islamist militants and regular forces battling to oust them from the eastern city. Suicide bombings are rare in Libya, where a fragile government is struggling to impose order.
*Godwin Emefiele delivers first MPC decision as governor. ABUJA, July 22- Nigeria's new central bank governor said on Tuesday he favored a gradual reduction in interest rates over the next five years, but inflation risk meant there was no room to ease policy immediately.
*Mozambique coal ambitions face setback in depressed market. MAPUTO, July 22- A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said.
July 22- Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.
July 22- McDonald's Corp reported a lower-than-expected quarterly profit as comparable sales in its struggling U.S. business fell for the third straight quarter and sales in Europe declined for the first time in four quarters.
*Fresh clashes in Tripoli and Benghazi. The El-Feel oilfield last week was forced to cut back due to events in Tripoli, where two rival brigades of militias have fought over control of the airport.
LONDON, July 22- Citi has hired Credit Suisse banker Nicolas Desombre to lead its investment bank in France, the latest in a series of senior hires in Europe to help strengthen its operations in the region. In a memo to employees seen by Reuters, Citi said Desombre will also run its global insurance business alongside Gautam Chawla.
OAK BROOK, Ill.— McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The company, based in Oak Brook, Illinois, hasn't managed to raise the figure since October. A stronger performance in the unit encompassing Asia, the Middle East and Africa helped offset a decline in Europe.
There is more good news about HIV treatment pills used to prevent infection in people at high risk of getting the AIDS virus: Follow-up from a landmark study that proved the drug works now shows that it does not encourage risky sex and is effective even if people skip some doses.
JERUSALEM— A rocket fired from the Gaza Strip landed near Israel's main airport Tuesday, wounding one Israeli and prompting at least two American airlines to cancel flights to Israel in a reflection of high anxiety over air travel after last week's attack on a Malaysian jet over Ukraine.
LONDON, July 21- European shares fell on Monday as fighting erupted in eastern Ukraine, the first major eruption of violence there since a Malaysian airliner was shot down last week.
LONDON, July 21- European shares fell on Monday as fighting erupted in eastern Ukraine, while sales data from French carmaker Peugeot raised concern about demand from emerging markets. Peugeot's shares fell 3.8 percent after it said deliveries fell 25.8 percent in Russia, 26.8 percent in Latin America and 37.2 percent in Africa and the Middle East.
*Move will cut over half of Amplats workforce. *CEO says would prefer to sell assets in one go. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.
July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.
NAIROBI, Kenya— The Twitter account run by Kenya's military was taken over by hackers claiming to be from the international activist collective Anonymous, a military spokesman said Monday. No internal military systems were infiltrated when the Kenya Defense Forces' Twitter account was hacked early Monday, Col.
LONDON, July 21- European equity indexes edged lower on Monday, led by auto stocks after poor sales data from France's Peugeot threw the spotlight on existing concerns about demand from emerging markets.
VANCOUVER, Washington, July 21- California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington state.
*South Africa's union turf war rumbles eastward. MARULA PLATINUM MINE, South Africa, July 20- When a wildcat strike hit Impala Platinum's Marula mine in South Africa's Limpopo province this month, union leaders there had no idea it was coming.