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  • Navy secretary racks up 930K miles in world travel Tuesday, 18 Nov 2014 | 3:29 AM ET

    WASHINGTON— The Navy secretary has spent more than a full year of his five-year tenure on overseas travel, racking up more than 930,000 miles on trips that cost the taxpayer more than $4.7 million. Ray Mabus, the former Mississippi governor, has taken at least 40 trips outside the U.S as of July 2014, meeting officials and visiting sailors and Marines in more than...

  • *Hurdles to boosting Australian farm exports to China. SYDNEY, Nov 18- A trade deal signed with great fanfare between China and Australia has been touted as a major step towards Australia shifting its economy from a "mining boom" to a "dining boom," but the reality is likely to be more sobering. China is already Australia's top trading partner, with two-way trade of...

  • DIARY - Emerging Markets Economic Events to Dec 1 Monday, 17 Nov 2014 | 7:02 PM ET

    Nov 18- For other related diaries, please. MAKATI CITY- Asian Development Bank to launch the latest Asian Economic Integration Monitor- 0130 GMT. BRASILIA- Brazil Central Bank President Alexandre Tombini may speak at congressional commission about deterioration of the country's fiscal results.

  • BRASILIA, Nov 17- Brazil's President Dilma Rousseff, who canceled a White House trip last year in anger over U.S. spying revelations, now wants to improve ties and reschedule the state visit- but some U.S. officials warn it might not be that easy. A debate in Washington over whether and when to re-extend the invitation to Rousseff reflects persistent diplomatic...

  • Those left three of the biggest names in the EM universe- Russia, Brazil and South Africa- just one cut away from "junk", after a decade of rising ratings that helped drive the roughly $8 trillion investment that has poured into EM stocks and bonds. BNP Paribas estimates that if oil stays around $80 a barrel for the next few years, producers in the Gulf, Russia, Latin...

  • US to screen travelers from Mali for Ebola Monday, 17 Nov 2014 | 7:09 AM ET

    NEW YORK— Travelers from Mali will be subject to the same screening and monitoring that was ordered for people arriving from three other Ebola-affected countries, U.S. health officials said Sunday. Mali is not suffering widespread Ebola illnesses. Starting Monday, anyone arriving in the United States from Mali will undergo the same screening procedures that...

  • BERLIN, Nov 17- Rocket Internet, the global e-commerce investor, expects to launch at least another 10 start-ups in 2015 and said it would work more closely with Facebook on advertising. Rocket Internet, whose shares have had a bumpy ride since listing last month, said its 12 most successful companies saw average growth in gross merchandise volume-- a measure of...

  • India's Oct Iran oil imports rise 60 pct y/y -trade Monday, 17 Nov 2014 | 2:09 AM ET

    NEW DELHI, Nov 17- India bought 60 percent more Iranian oil in October than a year ago as refiners held to higher volumes despite signs that world powers and Iran might not reach a final agreement on Tehran's disputed nuclear programme before a Nov. 24 deadline. Six world powers- Britain, China, France, Germany, Russia and the United States- are negotiating with Iran to...

  • ABUJA, Nov 16- Nigeria's finance minister has proposed lowering the assumed benchmark oil price for the country's 2015 budget to $73 per barrel from the $78 proposed in September, due to the recent sharp fall in global crude prices. Brent crude prices, the index against which Nigeria's oil is priced, has fallen more than 30 percent since July.

  • *Good weather, bigger harvest lead to glut. NANDI HILLS, Kenya, Nov 16- Emerald-coloured tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters. Samuel Busienei, a 72- year-old tea farmer, says he earns 40 percent less for each kilogramme of tea sold...

  • *Statoil is test case via exploration in Canada fields. OSLO, Nov 16- Norway's Statoil risks millions of dollars in extra costs in Canada- a test case that could spell problems for other oil firms too as coastal states extend their seabed territories far into resource-rich ocean depths. The rules- articles of the U.N. Convention on the Law of the Sea- have thus far been...

  • Greenpeace: 4 activists hurt off Canary Islands Saturday, 15 Nov 2014 | 1:18 PM ET

    MADRID— Spain's navy rammed into a Greenpeace dinghy during a protest in the Atlantic Ocean against oil exploration near the Canary Islands on Saturday, injuring four of its activists, one of them seriously, the environmental organization said. The navy said it dispatched two boats from one of its ships in the area to prevent Greenpeace from boarding a large oil...

  • Groups call for G-20 to unmask shell companies Saturday, 15 Nov 2014 | 12:10 AM ET

    Once group, Transparency International, fears that China is the biggest obstacle to achieving meaningful agreement on the subject of unmasking "beneficial owners,"— those who hide behind shell companies. Transparency International, two Nobel Laureates, Archbishop Desmond Tutu and Tawakkol Karman, plus 22 leaders of civil society representing every...

  • DAKAR/ BRUSSELS, Nov 14- Medecins Sans Frontiers "wasted time" by waiting too long to call for vaccines to fight an unprecedented outbreak of Ebola in West Africa, a veteran of the medical charity told Reuters. The group's response to the epidemic which has so far killed more than 5,000 people has been widely praised by governments and the World Health Organization.

  • TABLE-Investment banking fees from Russia Thursday, 13 Nov 2014 | 2:14 PM ET

    LONDON, Nov 13- Investment banking fees from Russia have collapsed for Western banks in 2014 but fees from emerging markets as a whole are up 10 percent versus full-year 2013, ThomsonReuters data shows. For an article click Following is a table on fees earned by banks from Russian debt and equity capital markets, loans and merger& acquisitions this year and in...

  • By Oludare Mayowa and Chijioke Ohuocha. LAGOS, Nov 13- Nigeria's naira currency fell 2.7 percent against the dollar on Thursday, despite central bank intervention, with foreign investors also selling bonds and stocks as the price of oil tumbled to a four-year low, dealers said. This has led to increased expectations of a tightening of monetary policy- to help draw...

  • Response to Ebola needs flexibility, experts say Thursday, 13 Nov 2014 | 11:36 AM ET

    DAKAR, Senegal— Many beds are empty at newly opened Ebola treatment units in Liberia's urban centers because the outbreak is now flaring in more rural parts of the country. In Liberia, the U.S. this week opened an Ebola treatment unit in Tubmanburg, about 40 miles north of the capital, Monrovia. There have been no patients at another facility in Foya, in northern...

  • UPDATE 1-Poor weather in China curbs SABMiller profit Thursday, 13 Nov 2014 | 4:14 AM ET

    LONDON, Nov 13- Brewing giant SABMiller reported weaker-than-expected profit and a dip in margins for the first half of its fiscal year, citing poor weather in China and intensified competition among retailers in Australia. Excluding the impact from the depreciation of currencies in Latin America and South Africa versus the dollar, SABMiller said EBITDA...

  • UPDATE 1-NetApp profit falls on lower sales to OEMs Wednesday, 12 Nov 2014 | 6:09 PM ET

    Nov 12- Data storage equipment maker NetApp Inc reported a 4 percent fall in quarterly profit, hurt by lower sales to original equipment manufacturers, and forecast a third-quarter profit below market estimate. The company's OEM business includes revenue from the sale of NetApp's products by other companies under their brands, including IBM Corp and Fujitsu...

  • Ebola drug testing sparks ethics debate Wednesday, 12 Nov 2014 | 1:16 PM ET

    WASHINGTON— Health officials are scrambling to begin human testing of a handful of experimental drugs for Ebola. While there are no established drugs for Ebola, the Food and Drug Administration has allowed the emergency use of several experimental ones in U.S. patients. Officials from the FDA and the National Institutes of Health say the Ebola trials must...