President Jacob Zuma said Mandela would be buried on December 15 at his ancestral home in the Eastern Cape.» Read More
MADISONVILLE, La.-- Pelican Energy Consultants will expand its operations in St. Tammany Parish, hiring 195 employees. The company now employs 158 people in Louisiana, including 27 at its headquarters and 86 at its engineering center in Madisonville. It also has 45 employees in a Metairie engineering center, plus offices in Houston and Accra, Ghana.
PARIS, Dec 3- France will allow private security forces to protect its shipping fleet against the threat of piracy with armed guards, the French government said on Tuesday. France is one of the main contributors to an international naval force that patrols the waters off Somalia in the Gulf of Aden and the Indian Ocean to foil pirate attacks.
*EuroSTOXX 50 has strong support around 3,000- Commerzbank. *U.S. investors bet on Europe outperformance-RBC CM. Mexican precious metals miner Fresnillo and Africa- focused miner Randgold were also among the top fallers in Europe, off 3.7 and 3.9 percent respectively.
LONDON, Dec 3- It will be the biggest thing ever sent to sea- but as the Prelude FLNG vessel was launched on Tuesday, plans were already under way for something bigger.
PARIS, Dec 3- France will allow private security forces to protect its shipping fleet against the threat of piracy, Prime Minister Jean-Marc Ayrault said in an interview published on Tuesday. France is one of the main contributors to an international naval force that patrols the waters off Somalia in the Gulf of Aden and the Indian Ocean to foil pirate attacks.
NAIROBI, Dec 3- Improved fiscal management has left Kenya well placed to borrow from international financial markets, the International Monetary Fund said as it announced an immediate disbursement of $110 million.
*Bidvest, CIH offer to raise Adcock stake to up to 34.5 pct. JOHANNESBURG, Dec 2- A Chilean group's $1.2 billion bid for South African drugmaker Adcock Ingram was challenged on two fronts on Monday, as a group led by Bidvest sought nearly a third of Adcock's shares and launched a court action against the bid.
TRIPOLI, Dec 2- Libya is exporting 130,000 barrels per day of oil as strikes at its main ports and fields coupled with domestic refinery demand keep shipments at a fraction of July's levels, the country's deputy oil minister said on Monday.
TORONTO, Dec 2- Barrick Gold Corp, the world's largest gold producer, is poised to announce a board shuffle and name a new chief operating officer, according to several sources familiar with the situation.
LONDON, Dec 2- As a decade's worth of easy foreign money starts to ebb away from emerging economies, their governments are renewing efforts to deepen domestic savings pools- even if change is painfully slow.
*Gabon debt seen less attractive than Nigeria, Angola. JOHANNESBURG, Dec 2- Gabon plans to raise at least $500 million via a new 10- year Eurobond to fund infrastructure investment and will buy back up to $140 million of its 2017 Eurobond, according to a preliminary prospectus seen by Reuters.
DUBAI/ DOHA, Dec 2- With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its army-backed government: the absentee is Qatar, rattled by the collapse of Islamist power in the biggest Arab country.
*Madagascar holds run-off presidential vote on Dec. 20. ANTANANARIVO, Dec 2- Madagascar's next president will struggle with low metals prices and distrustful companies as he seeks to revive a mining industry that was the main source of foreign investment until a 2009 coup cut flows to a trickle.
KAMPALA, Nov 30- The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.
LAKE LOUISE, Alberta, Nov 29- Many refineries in Europe, India and South America are easier to reach from Canaport, New Brunswick, in eastern Canada, than from the U.S. Gulf Coast, the chief executive of Irving Oil said on Friday.
JOHANNESBURG, Nov 29- South Africa's highest court on Friday invalidated a contract between a unit of U.S. firm Net 1 UEPS Technologies and South Africa's welfare agency, raising further concerns about a deal already under investigation by U.S. authorities.
Shares of Archer Daniels Midland Co. fell Friday, a day after he Australian government rejected the agribusiness conglomerate's bid to but the rest of grain handler GrainCorp Ltd.. THE BACKGROUND: ADM, which is based in Decatur, Ill., already owns a 20 percent stake in GrainCorp.
*Headline inflation falls to 6.8 pct from 8.1 pct. KAMPALA, Nov 29- Uganda's annual inflation rate fell sharply to 6.8 percent in November, data showed on Friday, taking pressure off the central bank to raise interest rates when it meets next week.
DAKAR/ LUANDA, Nov 29- Investors are stepping up the hunt for hundreds of billions of dollars worth of oil beneath a deep submerged salt crust offshore West Africa, seeking to emulate Brazil's major discoveries across the Atlantic.
From Uganda, where France's Total is trying new and less intrusive methods of seismic testing in a national park, to Madagascar, where operations are under way next to a UNESCO site, the industry is working in locations where damage would trigger public outcries.