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  • Jan 22- Starbucks Corp on Thursday said director Kevin Johnson would become its president and chief operating officer on March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Johnson, 54, has been a Starbucks board member since 2009. He was the chief executive of Juniper Networks Inc from...

  • Algeria to boost oil production in face of falling prices Thursday, 22 Jan 2015 | 12:27 PM ET

    ALGIERS, Algeria— Algeria's minister of energy said Thursday the country could boost oil production to compensate for the dramatic drop in oil prices. Algeria produces some 1.2 million barrels of oil a day, according to its OPEC quota, but the 50 percent drop in prices over the last few months has hurt the country. While Algeria has some $200 billion in foreign...

  • Minister: Drops in French tourism to Tunisia Thursday, 22 Jan 2015 | 12:20 PM ET

    TUNIS, Tunisia— The terror attacks against a French newspaper on Jan. 7 resulted in cancellations by tourists to Tunisia after the past year already saw a drop in arrivals, said the Tunisian tourism minister Thursday. French make up one of the largest group of tourists in Tunisia and their numbers dropped 6.1 percent in 2014.. Tunisia depends heavily on tourism...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • VANCOUVER/ TORONTO, Jan 21- The New Year's rally in gold stocks offers a respite for the beaten-down sector, but it masks deep-seated problems of bloated debt, weak growth prospects and overvalued assets that will emerge when miners post year-end results in coming weeks. Even if bullion's recent rally persists- it is up 9 percent this year to $1,290 an ounce-...

  • Algeria backtracks on shale gas plans after protests Wednesday, 21 Jan 2015 | 2:47 PM ET

    ALGIERS, Algeria— Algeria's prime minister announced Wednesday that plans to drill for the country's abundant shale gas reserves have been scrapped. "I confirm that the exploitation of shale gas is not the order of the day as for now Algeria has sufficient reserves of conventional energy to meet its needs," Prime Minister Abdelmalek Sellal said.

  • *Resources pour into worst hotspot Freetown. FREETOWN, Jan 21- Here at the front line of the Ebola epidemic, the tide seems to be turning against the disease. A military-style operation to fight the outbreak in Sierra Leone- the worst-affected country- has helped to dramatically reduce new cases, in what health officials say is a major step towards defeating Ebola.

  • *Resources pour into worst hotspot Freetown. FREETOWN, Jan 21- A military-style operation to fight Ebola in Sierra Leone has helped to dramatically reduce new cases, in what health officials say is a major step towards defeating the deadly disease. Since it was launched about one month ago, the operation has doubled the number of ambulances for patients in the...

  • LONDON, Jan 21- Emerging stocks jumped 1 percent to six-week highs on Wednesday, boosted by Chinese market gains and prospects for European monetary easing, though Polish banking shares remained under pressure due to fears over households' Swiss franc loans. On currencies, the Nigerian naira hit record lows versus the dollar while Russia's rouble lost ground...

  • Airbus-backed Islamic leasing fund signs maiden deal Wednesday, 21 Jan 2015 | 4:37 AM ET

    Based on list prices, the deal for the nine planes is worth approximately $2 billion, according to Dubai- based International Airfinance Corporation, which manages the fund. "We see demand for the A320 and A330 families, and potentially later on the A350," said Ghodbane, adding that the fund would consider deals for Airbus's largest jet, the A380, for longer lease...

  • UPDATE 1-SABMiller performance hurt by China weather Wednesday, 21 Jan 2015 | 3:03 AM ET

    LONDON, Jan 21- International brewer SABMiller on Wednesday reported a rise in third-quarter sales despite ongoing weakness in China due to poor weather last year. SABMiller sells its own soft drinks in some regions, including Latin America, and sells Coca-Cola soft drinks in Africa. "Our Latin America and Africa businesses continued to grow both volumes and...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • Morocco predicts economic rebound in 2015 Tuesday, 20 Jan 2015 | 1:37 PM ET

    CASABLANCA, Morocco— Morocco will experience strong economic growth in 2015 based on expectation of a bountiful harvest and the drop in oil prices, authorities said Tuesday. Morocco, a close U.S. ally, often teeters on the edge of social unrest because of a large population of impoverished people. Unlike neighboring Algeria whose economy depends almost...

  • The amount raised through listings in the second half of 2014 fell 63 percent from the first six months of the year to $3.8 billion, Thomson Reuters data showed. Energy company listings shelved since July include Dubai's oil-rig contractor Shelf Drilling, which was planning to list on the London Stock Exchange, and Samudra Energy, which owns oil and gas...

  • PARIS, Jan 20- Airbus' Defense and Space division will reveal a revised 2015 delivery schedule for its A400M military transport plane at the end of February, a company executive said on Tuesday. Germany's defense ministry said last week there were signals from European defense equipment agency OCCAR, which is negotiating with Airbus on behalf of governments...

  • Global economy squeezed by worsening slowdown in China Tuesday, 20 Jan 2015 | 3:42 AM ET

    HONG KONG— The global economy, slowed by stagnation in Europe and Japan, is being further hampered by China's decelerating growth. Yet its growth rate marks a sharp drop from China's sizzling double-digit expansion in previous years. China's share of the global economy climbed from 4.5 percent in 2000 to an estimated 11.3 percent last year, according to the...

  • PARIS, France, Jan 19- French carmaker Renault will make "massive investments" in China, it said on Monday, aiming to ramp up sales of locally-built vehicles in the world's biggest car market and cut its dependence on cash-strapped Europeans. Renault has lagged European rivals such as France's PSA Peugeot Citroen and Germany's BMW and Mercedes in expanding in...

  • *Zambia to choose new president Tuesday after Sata's death. NDOLA, Zambia, Jan 19- Zambia's copper industry, the spluttering motor of one of Africa's fastest-growing economies, has been at the heart of campaigning for Tuesday's presidential election and poses a big headache for the country's next leader. Zambia averaged 6-7 percent growth over the last decade...

  • *Qatar Islamic Bank falls despite strong results. DUBAI, Jan 19- Most Gulf equity markets pulled back on Monday as oil prices slipped again and negative fourth-quarter earnings weighed on Saudi Arabia's bourse. Saudi Arabia's main index slid 0.6 percent as petrochemicals giant Saudi Basic Industries fell 1.9 percent and Savola Group, the kingdom's biggest...

  • BOULOGNE-BILLANCOURT, France, Jan 19- French carmaker Renault Group expects higher sales this year after a 3.2 percent increase in 2014, when recovering demand in Europe helped to offset slowing emerging markets. By contrast, Renault's new registrations outside Europe fell 5.9 percent, with a 10.7 percent drop in volumes in the Americas and a 9.2 percent...