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  • India and Indonesia currently look the most promising, fund managers say, following the election of pro-business governments on a ticket to introduce reforms that will open up state companies to foreign investment and cut red tape. "Reformers are performers," said Bill Street, head of investments for Europe, the Middle East and Africa at State Street.

  • LONDON, Dec 12- Britain has all the right ingredients for an M&A boom, upbeat company bosses, a vibrant economy and a buoyant stock market, but dealmaking is lagging behind the rest of the world. In Britain, although M&A activity is up compared to 2013, it has been flat for the last five years. Ten years ago, dealmaking in Britain, Europe's financial hub and home to some of...

  • JOHANNESBURG, Dec 12- South Africa will announce a series of renewable energy projects on Monday that will add 1,000 megawatts of power into the country's constrained electricity grid, sources close to the deals told Reuters. Another non-government source familiar with the bidding said the following firms were strong contenders: Johannesburg- based...

  • SQUEEZED FX BROKERS FACE CHOICE: MERGE OR SPEND BIG ON TECH@* Boom in M&A for mostly London- based specialist brokers* Brokers made millions undercutting banks on corporate FX* But squeeze coming from spread of multi-dealer platforms. LONDON, Dec 12- Next year may prove a watershed for a generation of London forex entrepreneurs who have made millions undercutting...

  • ADDIS ABABA, Dec 11- Swedish telecom group Ericsson is set to sign a contract with Ethiopia to expand telecom infrastructure, taking a slice of an $800 million contract from Chinese firm ZTE Corp because of a row over terms, a senior official told Reuters on Thursday. ZTE Corp's deal with state-run operator Ethio Telecom was signed in 2013. The other half of the...

  • JOHANNESBURG, Dec 10- South African stocks rebounded on Wednesday, led by gold mining companies such as Gold Fields and AngloGold Ashanti which rose on the back of a firm gold price and a weaker rand. Gold Fields was the biggest climber on Johannesburg's broader All-share index, gaining 6.6 percent to its highest level in more than a year. Africa's largest gold...

  • Texas, North Dakota, Oklahoma, New Mexico and Colorado together account for almost 98 percent of the total rise in U.S. oil output since the beginning of 2008.. But Oklahoma, New Mexico and Colorado have collectively contributed almost an extra half million barrels per day compared with January 2008, according to the U.S. Energy Information Administration.

  • OMISALJ, Croatia, Dec 10- Spurred by the demise of Russia's South Stream gas pipeline project, Croatia has revived a decade-old idea of building a liquefied natural gas import terminal at the deepwater oil port of Omisalj on the island of Krk. But the Ukraine crisis and the collapse of South Stream have refocused minds in central and eastern European nations on...

  • HSBC dismisses head of FX trading for EMEA -source Wednesday, 10 Dec 2014 | 6:53 AM ET

    LONDON, Dec 10- British bank HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday. Heidi Ashley, spokeswoman for HSBC in London, declined to comment. Scott's dismissal, first reported by the Wall Street Journal on Wednesday, follows the departure of two...

  • LONDON, Dec 10- Standard Chartered has set up a board committee responsible for financial crime compliance, a day after U.S. authorities extended monitoring of the bank by three years. Standard Chartered said on Wednesday its new Board Financial Crime Risk Committee will be chaired by Simon Lowth, who has been a non-executive director at the bank since May 2010...

  • *South Africa suffers worst blackouts since 2008. JOHANNESBURG, Dec 9- Businesses have shut up shop, generators have sold out and cars play cat-and-mouse at darkened road junctions in South Africa, where power cuts have suddenly become a daily reality. Under white minority rule, South Africa subsidised electricity heavily to attract foreign investment,...

  • Nissan is recalling the vehicles from model years 2012 through 2015 because fuel pressure sensors may not have been sufficiently tightened during production. A Nissan spokesman said there have been no reports of accidents or injuries related to the issue. Of the affected vehicles, about 233,000 are in Japan, 143,000 in North America, 22,500 in Europe, and...

  • *Expected Mugabe successor reveals nationalist thinking. HARARE, Dec 9- When veteran Zimbabwe leader Robert Mugabe sacked his vice-president in front of 12,000 baying party members last week, Emmerson Mnangagwa sat quietly in the crowd, a green baseball cap pulled low over his eyes. It's a tactic that ZANU-PF embraced to deflect its responsibility for the...

  • Dec 8- McDonald's Corp on Monday reported a steeper-than-expected drop in global sales at established restaurants in November, hurt by weakness in the United States and Asia, and warned that such results would "significantly pressure" margins in the current quarter. November marked the sixth straight month of worldwide same-restaurant sales declines at...

  • Dec 8- McDonald's Corp reported a steeper-than-expected fall in global same-restaurant sales in November and said current-quarter results would be hurt by the after-effects of a supplier scandal in China and a stronger dollar. The world's largest restaurant chain has been battling competition from Wendy's Co and Burger King Worldwide Inc as well as from...

  • EL SHARARA, Libya, Dec 8- Deep in Libya's southern Sahara, men in army uniforms guard a pipeline at the El Sharara oilfield. Since the 2011 revolution that toppled Muammar Gaddafi, Libya has enjoyed little stability. But rivalries worsened after a group called Libya Dawn seized Tripoli in August, setting up its own government and forcing the recognized Prime...

  • RPT--African insurers in vogue as incomes rise Monday, 8 Dec 2014 | 3:00 AM ET

    Rapid economic growth in countries such as Ghana, Kenya and Nigeria has increased the number of people with money to spend on insurance to protect their wealth, while regulatory changes are encouraging the growth of domestic savings and pensions. Several major companies, including Swiss Re, Prudential and Sanlam, are buying insurers in Africa, with the focus on...

  • BHP Billiton names spin-off company South32 Monday, 8 Dec 2014 | 2:30 AM ET

    MELBOURNE, Dec 8- A planned spin-off of businesses by global miner BHP Billiton will be called South32 when it seeks multiple stock listings next year, BHP said on Monday. The new name recognizes that most of South32's operations are in the southern hemisphere, with its two regional centers- Australia and South Africa- linked by the thirty-second parallel south...

  • African insurers in vogue as incomes rise Sunday, 7 Dec 2014 | 4:00 AM ET

    Rapid economic growth in countries such as Ghana, Kenya and Nigeria has increased the number of people with money to spend on insurance to protect their wealth, while regulatory changes are encouraging the growth of domestic savings and pensions. Several major companies, including Swiss Re, Prudential and Sanlam, are buying insurers in Africa, with the focus on...

  • Nov 5- South African financial services advisory firm Alexander Forbes says it is considering potential buys in countries including Ghana and Tanzania. Oct 8- South African insurer Liberty Holdings says it is in final stages of buying an asset manager in Ghana and is also looking to Ethiopia, Rwanda and Nigeria for potential deals. Oct 2- South African insurer...