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  • Nigerian Stock Exchange joins World Federation Tuesday, 28 Oct 2014 | 10:04 AM ET

    JOHANNESBURG— The Nigerian Stock Exchange became a full member of the World Federation of Exchanges on Tuesday, just as it prepares to woo Asian fund managers. The federation sent an assessment team to Nigeria last month and the Nigerian Stock Exchange announced in a statement that it received a unanimous vote for admission as a full member at the general...

  • Australia halts visas from Ebola-affected region Tuesday, 28 Oct 2014 | 9:41 AM ET

    CANBERRA, Australia— Australia is suspending entry visas for people from Ebola-affected countries in West Africa in an attempt to keep out the disease. Airport checks have identified more than 800 people who entered Australia from West Africa and who could have been in Ebola-stricken areas, but none has required a hospital visit after arriving.

  • Nigeria: German killed, pirates hijack gunboat Tuesday, 28 Oct 2014 | 6:22 AM ET

    WARRI, Nigeria— Gunmen killed a German man and kidnapped a second in southwest Nigeria, police said Tuesday as the military reported that pirates in the oil-rich south hijacked a police gunboat and killed three officers. Armed men attacked a group of workers for Julius Berger Nigeria construction company as they were being driven to work in southwest Ogun...

  • Whirlpool 3Q profit misses Street's view Tuesday, 28 Oct 2014 | 6:13 AM ET

    NEW YORK— Whirlpool's third-quarter net income climbed 17 percent, buoyed in part by healthy sales in North America. Whirlpool Corp.— whose brands include Maytag, KitchenAid and its namesake— earned $230 million, or $2.88 per share, for the three months ended Sept. 30. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $3.15...

  • DuPont reports increase in third quarter earnings Tuesday, 28 Oct 2014 | 6:09 AM ET

    The Wilmington, Delaware- based science and chemicals company reported net income of $433 million, or 47 cents per share, up from $285 million, or 30 cents per share, a year earlier. Removing one-time charges related to pension costs and the spinoff of DuPont's performance chemicals unit, earnings were 54 cents per share, up from 45 cents per share last year and...

  • LAGOS, Oct 28- Nigeria's central bank has cut the limit on banks' foreign currency borrowings to 75 percent of shareholders' funds from 200 percent, according to a central bank circular seen by Reuters on Tuesday. The regulation replaces a 2001 rule capping foreign borrowings, including Eurobonds, at 200 percent of shareholders' funds as Nigeria tries to manage...

  • Layne Christensen paying $5.1M in bribes accord Monday, 27 Oct 2014 | 3:47 PM ET

    WASHINGTON— Layne Christensen Co. has agreed to pay about $5.1 million to settle civil charges of bribing government officials in Africa in exchange for favorable tax treatment, customs clearance and other improper benefits. The SEC said Layne received about $3.9 million in improper benefits from the bribes, including some $3.2 million in tax savings.

  • SAO PAULO, Oct 27- The turning point in President Dilma Rousseff's re-election campaign came on the evening of Sept. 1, after a disastrous presidential debate at which she confessed to the audience that she was "nervous" and stumbled over several words. Silva, meanwhile, was hammering Rousseff on two of her biggest weaknesses- Brazil's stagnant economy, and her...

  • LONDON, Oct 27- Drugmakers sprinting to develop Ebola vaccines face a series of technical hurdles if they are to get millions of doses ready for use next year-- even assuming clinical trials are successful. The challenges include finding sufficient sterile capacity for filling and packaging finished vials, getting fast quality approvals from regulators, and...

  • *Botswana needs to diversify away from gems. *Botswana's future has wider implications for Africa. Bogopa, who studied on a government scholarship, is among thousands of unemployed graduates in Botswana who exemplify both the country's swift economic progress in the five decades since independence from Britain, and the challenges it now faces.

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT /9.30 AM ET Monday, 27 Oct 2014 | 10:08 AM ET

    MILAN- Italy's Monte dei Paschi di Siena is likely to try to plug a capital shortfall uncovered by Europe- wide stress tests through asset sales and possibly another cash call, but longer term a takeover could be inevitable. LONDON- Europe's banking healthcheck showed countries and lenders are implementing global capital rules at vastly different speeds, and...

  • BUSINESS-NEWS-SCHEDULE AT 0930 GMT /5.30 AM ET Monday, 27 Oct 2014 | 6:02 AM ET

    Monte dei Paschi drags Europe's banks lower post-stress test. LONDON- Italy's Monte dei Paschi slumps after having the biggest capital hole to fill in a health check of European banks that was generally seen as good news for the sector. BERLIN- German business sentiment darkens in October for a sixth month running, hitting its lowest level in almost two years and...

  • German business confidence drops for 6th month Monday, 27 Oct 2014 | 5:19 AM ET

    FRANKFURT, Germany— Business confidence in Germany, Europe's largest economy, has dropped for a sixth consecutive month as concerns over the turmoil in Ukraine and elsewhere continue to take their toll. The government and independent economists have cut their growth forecasts for Germany after a string of disappointing industrial data for August.

  • NEW DELHI, Oct 27- India's Oil and Natural Gas Corp wants to take advantage of falling oil prices to more than double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, Chairman D.K. Sarraf told Reuters. The Indian government, which is preparing to float a $3 billion stake in ONGC, wants state firms to secure energy assets abroad to reduce...

  • New Afghan president to head to China Monday, 27 Oct 2014 | 2:29 AM ET

    KABUL, Afghanistan— The new Afghan president travels to China this week, signaling the pivotal role he hopes Beijing will play in Afghanistan's future, not only in the economic reconstruction of the war-ravaged country after U.S. and allied combat troops leave by the end of the year but also in a strategic foreign policy aimed at building peace across a region...

  • Development lenders pledge $8 bln to Horn of Africa Monday, 27 Oct 2014 | 12:00 AM ET

    ADDIS ABABA, Oct 27- Global development lenders, including the World Bank, African Development Bank and European Union, pledged more than $8 billion on Monday to boost economic growth and reduce poverty in eight countries in the Horn of Africa. The region, which includes Kenya, Somalia, Ethiopia, Eritrea, Djibouti, Uganda, Sudan and South Sudan, includes some of the...

  • Obama: I don't like Ebola quarantines. NJ/NY: We do Sunday, 26 Oct 2014 | 11:02 AM ET
    New Jersey Gov. Chris Christie, right, and New York Gov. Andrew Cuomo speak during a news conference about New York's first case of Ebola, Oct. 24, 2014, in New York.

    The Obama administration is pressing New York and New Jersey to reverse a decision to quarantine all West African travelers, the NYT reports.

  • BEIRUT, Oct 25- Lebanon's economy will grow by no more than 2 or 2.5 percent next year if it does not resolve its political problems as it struggles to cope with the fallout from the war in neighouring Syria, the economy minister said. Lebanon's economy has been hit hard by Syria's civil war, which has sparked gun battles, bombings and kidnappings in the small...

  • DAR ES SALAAM, Oct 25- Tanzania has held talks with France's Total and Britain's BP over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector. Companies already present in the east African state include Norway's Statoil, Brazil's Petrobras, Royal Dutch Shell, BG Group and Exxon Mobil..

  • DAR ES SALAAM, Oct 24- Tanzania and China have signed investment deals worth more than $1.7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam- deepening Beijing's ties with East Africa. Tanzania later announced a $85 million in grants and zero-interest loans from China. The deals extend China's growing...