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Maritime pirates are honing their tactics and beefing up their weaponry. Here are the world’s most pirate-infested waters, and learn about individual attacks from each place.
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LAGOS, Oct 12- Nigeria's Dangote Flour. said on Friday it swung to a pre-tax loss of 748.15 million naira in the first half of the year, compared with pre-tax profit of 244.51 million naira in the same period last year.
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SINGAPORE, Oct 12- India's diesel exports for October are expected to increase by 20 to 30 percent from previous months as domestic demand remains poor due to the delayed monsoon season and a weak economy, industry sources said on Friday.
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--We revised to negative our outlook on the sovereign long-term foreign and local currency credit ratings on Morocco on Oct. 11, 2012. --The negative outlook mirrors that on Morocco.
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JOHANNESBURG, Oct 12- Paper maker Sappi said on Friday it will mothball a paper machine at its unprofitable Tugela mill in South Africa from Jan. 1 next year. The company said in a statement that it would restart the machine when market conditions improve. It has sufficient capacity to meet local containerboard requirements, it added.
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LONDON, Oct 12- Turkish stocks extended gains on Friday as investors welcomed strong balance of payments data and the government's tough stance on Syria, while the forint rose after Hungary's leader talked up prospects of an IMF deal.
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*Pressure on OPEC to produce more easing. *Iraq, North America to increase oil production steeply. LONDON, Oct 12- The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the West's energy watchdog said on Friday.
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*Pressure on OPEC to produce more easing. *Iraq, North America to increase oil production steeply. LONDON, Oct 12- The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the West's energy watchdog said on Friday.
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HARARE, Oct 12- Zimbabwe's economy is projected to grow 8.9 percent next year if the political environment remains stable and the government lives within its expenditure targets, the finance ministry said on Friday in a pre-budget statement.
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NAIROBI, Oct 12- Kenya's central bank said on Friday it was in the repurchase agreements market to mop up 5 billion shillings in excess liquidity.
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*IEA cuts demand growth outlook due to sluggish economy* Pressure on OPEC to produce more easing* Iraq, North America to increase oil production steeply By Dmitry Zhdannikov and Christopher Johnson.
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TOKYO, Oct 12- Japan will contribute $12 million over a three-year period to a World Bank fund supporting economies affected by the Arab Spring uprisings, Finance Minister Koriki Jojima said on Friday.
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NAIROBI, Oct 12- The Kenyan shilling. At 0716 GMT, commercial banks quoted the shilling at 85.05/ 25 to the dollar, barely changed from Thursday's close of 85.10/ 30.. "It looks a bit quiet for now, but we could see a bit more pressure on the shilling from importers... pushing it to its 85.50 support," said Julius Kiriinya, a trader at African Banking Corporation.
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HARARE, Oct 12- Zimbabwe's economy is projected to grow 8.9 percent next year if the political environment remains stable and the government lives within its expenditure targets, the finance ministry said on Friday in a pre-budget statement.
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JOHANNESBURG, Oct 12- Namibia's headline consumer inflation accelerated at its fastest pace in six months to 6.7 percent year-on-year in September from 5.8 percent in August, the statistics agency said on Friday.
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STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0715 GMT 12 Oct12- AECI falls, sees FY earnings down more than 20 pct-------------------------------------------------------------------.
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KAMPALA, Oct 12- Uganda's central bank said it was in the market to sell an unspecified amount of foreign exchange for the third straight day on Friday, a move which strengthened the shilling slightly in the minutes after the announcement. The local currency firmed to 2,590/ 2,600 at 0610 GMT from 2,600/ 2,610 before the announcement, Thomson Reuters data showed.
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CAPE TOWN, Oct 12- South African truck drivers have agreed a wage deal with employers to end a three-week strike that has hit deliveries of fuel, cash and consumer goods in Africa's biggest economy, the Road Freight Employers Association said on Friday.
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NEW DELHI, Oct 12- India's annual consumer price inflation. India's retail inflation is the highest among the BRICS group of emerging economies- Brazil, Russia, China, and South Africa- and is way above what the Reserve Bank of India calls its comfort level.
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KAMPALA, Oct 12- Uganda's central bank said it was in the market to sell an unspecified amount of foreign exchange for the third straight day on Friday, a move which strengthened the shilling slightly in the minutes after the announcement.
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STOCKHOLM, Oct 12- Millicom International Cellular SA:. *Millicom and the republic of senegal jointly terminate all legal proceedings. *Millicom and the government of Senegal have signed a settlement to end amicably a dispute initiated in 2008 before the ICSID over the validity of Millicom's license in Senegal. ().