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  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol is the largest producer in Colombia's million...

  • DIARY- Emerging Markets Economic Events to May 26 Tuesday, 12 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • "On Writing Well," published in 1976 and praised by The New York Times as worthy of "The Elements of Style," caught on first among college students and professors, then with the general public, selling more than 1 million copies. At Yale University, where Zinsser taught creative nonfiction in the 1970 s, his students included such future stars as Christopher Buckley,...

  • Sudatel plans to invest $267 mln to 2020 Tuesday, 12 May 2015 | 9:02 AM ET

    ABU DHABI, May 12- Sudan Telecommunications Group plans to invest $267 million up to 2020 to transform the country's telecoms sector and grow its subscriber base, its chief executive told Reuters on Tuesday. "There will be a complete transformation from mobile to ICT and we are investing in strong fibre optic networks and broadband to achieve our goals," Tarig...

  • SINGAPORE, May 12- Kenya is set to import record volumes of oil products in May as its economy gathers steam, soaking up some of Asia's excess supply and helping put a floor under refining margins. Industrial expansion and a growing fleet of automobiles in a region that lacks refining capacity have stoked East African appetite for oil product imports, with...

  • *Japan, Australia forecasters announce arrival of El Nino. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.

  • SINGAPORE, May 12- Gold struggled below $1,200 an ounce on Tuesday, following small overnight losses, hurt by a firmer dollar and a lack of robust safe-haven bids from the Greek debt crisis. *Greece calmed immediate fears of a default on Monday by making a crucial 750 million euro payment to the International Monetary Fund a day early. *Euro zone finance ministers...

  • DIARY- Emerging Markets Economic Events to May 25 Monday, 11 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • May 11- A rigorous cost-cutting program at debt-burdened Oi SA has hundreds of measures- including leaving the Brazilian telecommunication's company's 17,000 staff sweltering in the dark if they work late in its offices. Chief Executive Bayard Gontijo said in an interview on Monday that the company's strict new 7 p.m. policy to switch off the air...

  • *Markets eyeing Japan, Australia forecast on Tuesday. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.

  • PARIS— Airbus' troubled A400M military plane has hit turbulence once again. Shares in Airbus Group fell on the prospect of more trouble with the model. Airbus and government officials haven't publicly announced the cause of the weekend's crash near Seville, but the voice and flight data black boxes have been recovered and delivered to a Spanish judge...

  • Picasso's "Women of Algiers," a vibrant, multi-hued painting featuring a scantily attired female amid smaller nudes, could sell for more than $140 million, becoming the most expensive work of art at auction, according to Christie's. "I don't really see an end to it, unless interest rates drop sharply, which I don't see happening in the near future," Manhattan dealer...

  • JOHANNESBURG, May 11- Botswana grocer Choppies plans to raise $48 million in a secondary listing on the Johannesburg bourse, it said on Monday, seeking to boost its profile among investors in Africa's largest and most liquid stock market. Under the offering to selected institutional investors in South Africa and Botswana, Choppies will sell 117.4 million new...

  • Top diplomats from Japan, the European Union, Italy, the Netherlands and Russia have visited the island in recent months in bids to stake out or maintain ties with an island that suddenly looks like a brighter economic prospect amid warming U.S.- Cuba relations. "It's impossible to deny that diplomatic detente between Washington and Havana has accelerated the...

  • LOS ANGELES, May 8- Starbucks Corp on Friday said it would stop sourcing water for its Ethos Water brand in California, which is in the fourth year of a serious drought that has prompted the governor to order the state's first-ever mandatory cuts in water use by 25 percent. Starbucks bought privately held Ethos Brands LLC for $8 million in April 2005.

  • Ebola survivor's eye still teeming with virus Friday, 8 May 2015 | 3:55 PM ET
    Dr. Steven Yeh, an ophthalmologist, examined Dr. Ian Crozier in March, five months after Dr. Crozier's initial recovery from Ebola.

    Ian Crozier, who survived Ebola, calls himself a poster child for 'post-Ebola syndrome,' which is also being reported in W. Africa, NYT reports.

  • LOS ANGELES, May 8- Starbucks Corp on Friday said it would stop sourcing water for its Ethos Water brand in California, which is in the fourth year of a serious drought that has prompted the governor to order the state's first-ever mandatory water use cuts of 25 percent. Starbucks bought privately held Ethos Brands LLC for $8 million in April.

  • May 8- McDonald's Corp reported a smaller-than-expected fall in worldwide sales at its established restaurants in April, thanks to a stronger performance in Europe, sending shares of the company higher in morning trading. Same-restaurant sales grew 1 percent in Europe, as gains in the United Kingdom and Germany offset declines in the key markets of France and...

  • May 8- McDonald's Corp reported a lower-than-expected fall in worldwide sales at its established restaurants in April, helped by a stronger performance in Europe. Same-restaurant sales rose 1 percent in Europe, boosted by the United Kingdom and Germany. Same-restaurant sales were down 3.8 percent in McDonald's Asia Pacific, Middle East and Africa business,...

  • DIARY- Emerging Markets Economic Events to May 21 Thursday, 7 May 2015 | 8:02 PM ET

    BUCHAREST- Romania central bank Governor Mugur Isarescu presents the quarterly inflation report. LUSAKA- Bank of Zambia announces interest rate decision. ACCRA- Central bank of Ghana holds monetary policy meeting.