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  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • NEW YORK, March 23- IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil's largest reinsurer to seek an initial public offering or tap an outside partner before 2018, Chief Executive Officer Leonardo Paixão said on Monday. In Brazil, infrastructure projects from factories to shipbuilding...

  • YASMIN HAMMAMET, Tunisia, March 23- The European visitors strolling Tunisia's Hammamet resort are an encouraging sign for a government determined to minimise the fallout of last week's shooting of 20 tourists in the nearby capital. Japanese, Spanish, Italian and Colombian tourists were among the victims when at least two gunmen opened fire on their buses as...

  • DUBAI, March 23- Houthi fighters and loyalists of Yemen's President Abd-Rabbu Mansour Hadi are locked in a power struggle that diplomats say risks drawing in neighbouring Saudi Arabia and its main regional rival Iran. The political crisis threatens to pit Yemen's two main Islamic sects against each other. Unlike in Syria and Iraq, however, followers of the two...

  • CAIRO, March 23- Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli. Both sides field armies of fighters whose salaries are paid with export revenues collected by the National Oil Company, which...

  • POLL-South Africa unlikely to raise rates until Q4 Monday, 23 Mar 2015 | 8:10 AM ET

    JOHANNESBURG, March 23- South Africa's Reserve Bank is likely to wait until the fourth quarter before raising interest rates, a Reuters poll shows, meaning no change at a policy meeting this Thursday. However, economists expect the Reserve Bank will have to raise rates eventually because the rand, which has hit 13- year lows against the dollar this year, is likely...

  • KHARTOUM, Sudan— Egypt, Ethiopia and Sudan on Monday signed an initial agreement on sharing water from the Nile River that runs through the three countries, as Addis Ababa presses ahead with its construction of a massive new dam it hopes will help alleviate the country's power shortages. The dam had been an issue of contention among the three countries, with Egypt...

  • SHANGHAI, March 23- Laden with debt and struggling to make money as the world's No.2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion. In a draft of a revised restructuring plan for the industry issued late last week, Beijing included a line saying it would support mills' efforts to buy assets abroad, with...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 23- Is liquefied natural gas the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply? Spot prices have recovered slightly recently, trading at $7.70 per million British thermal units last week, up from the record low of...

  • WASHINGTON/ MIAMI, March 23- The December breakthrough that upended a half-century of U.S.- Cuba enmity has been portrayed as the fruit of 18 months of secret diplomacy. President Barack Obama and veteran Cuba specialists to forge the historic rapprochement. In a May 2008 speech to the conservative Cuban-American National Foundation in Miami, Obama set out a...

  • NEW YORK— It was bad enough that New York's most famous prosecutor, Preet Bharara, lost in the sweepstakes to become the next U.S. attorney general nominee to a fellow federal prosecutor from his own city. Could it be a dimming of the star prosecutor who once made the cover of Time magazine, who has been widely praised for his tough talk about insider trading on Wall...

  • *Eskom's new power stations hit by delays. JOHANNESBURG, March 20- Eskom has replaced France's Alstom with Swiss firm ABB Ltd in a control and instrumentation contract for its much-delayed Kusile power station, the South African utility said on Friday. A spokesman said the change would not delay completion of the plant, which is scheduled to begin producing...

  • The terror attack in Tunisia that killed 21 people is a fresh blow to the North African nation's tourism industry, which has been struggling since the country's revolution of 2011.. Some of those posting "Je Suis Bardo" on social media pledged to visit Tunisia this summer. It's important to just show that we're not afraid to be here in Tunisia, "said Nicole Calande,...

  • *Holcim and Lafarge rise after agreeing new merger terms. LONDON, March 20- Construction companies Holcim and Lafarge outperformed flat pan-European equity indexes on Friday after salvaging their merger. Holcim rose 1.3 percent and Lafarge added 3.5 percent after the companies agreed new terms on a planned multi-billion-euro deal that would create the...

  • LONDON, March 20- European shares inched higher in early deals on Friday, helped by gains in the construction sector after Holcim and Lafarge agreed to new merger terms. Holcim rose 1.6 percent and Lafarge added 3.6 percent after the companies agreed to new terms, including a new share-swap ratio for the deal, over their planned multi-billion-euro merger, which...

  • *Gold up 1 pct for the week after hitting 4- mth low earlier Dovish Fed boosts demand for gold. SINGAPORE, March 20- Gold held recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January, after the Federal Reserve cautioned over its rate hike path and U.S. economic growth. "Gold still getting traction from dovishly...

  • SINGAPORE, March 20- Gold retained recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January after the Federal Reserve cautioned over its rate hike path and U.S. economic growth. *Spot gold was steady at $1,170.80 an ounce by 0032 GMT, near a two-week high of $1,177.46 hit on Thursday. *Gold had dipped to a four-month...

  • MILAN/ LONDON, March 19- Italy's biggest utility Enel is banking on emerging markets, green energy and digital power grids to boost profits and dividends over the next five years, after joining rivals by cleaning up its finances with writedowns on ailing plants. Under the first business plan of CEO Francesco Starace, Enel said it would invest 18 billion euros, more...

  • Battered Africa gold valuations to spur mines sales Thursday, 19 Mar 2015 | 8:07 AM ET

    JOHANNESBURG/ LONDON, March 19- Some of the lowest valuations in decades and rising pressure on Africa's gold producers to restructure or perish are likely to spur a wave of acquisitions in a sector attracting a growing number of potential buyers. Gold producers are now being forced to shape up to stay afloat and their focus has switched to cutting costs and...

  • The weather forecast is better more than 2,000 kilometers to the northeast, in the Arctic islands of Svalbard, where spectators can hope for a clear day. We love to watch them and being able to look at the corona with your eyes in the middle of the eclipse is really an exciting moment, to experience the diamond rings coming and going, "said Les Anderson, a 60- year-old...