Apart from a fast-growing economy, Emery Rubagenga, CEO at ROKA Mining, says Rwanda has been developing its business facilities, which makes it more attractive for investors.» Read More
BARCELONA, Feb 26- The mobile phone industry is now looking to the fast-growing demand for smartphones priced at $100 or below as the market for fancier high-end devices has become saturated, but not all handset makers are able or willing to trade down.
*Vodafone buying broadband assets to shore up Europe. *AT&T interest in Vodafone could cool if Colao spends. BARCELONA, Feb 26- Shareholders in Vodafone say they support Chief Executive Vittorio Colao's plan to rebuild the company with pricey European broadband assets, even though it could complicate a lucrative mooted bid from AT&T.
TUNIS, Feb 26- Tunisia expects a record high 7 million tourists to visit this year as the country that inspired the Arab Spring revolts enjoys political stability for the first time since the uprising three years ago, the tourism minister said.
Persistent production outages in Libya and South Sudan capped losses in Brent while U.S. oil was pressured by sinking gasoline futures prices in the face of lessening demand for the fuel. U.S. weekly crude stocks rose by a less-than-expected 822,000 barrels in the week to Feb. 21, according to data from the American Petroleum Institute released Tuesday.
TRIPOLI, Feb 25- More than 100 rockets fired in clashes between rival government-paid militia have knocked out a power plant in southern Libya, heightening the risk of summer blackouts, the electricity minister said on Tuesday. "This is the chaos Libya lives in," the visibly-annoyed minister, Ali Mohammed Muhairiq, told a televised news conference.
KIEV, Feb 25- Ukraine's parliament voted on Tuesday to send fugitive President Viktor Yanukovich to the International Criminal Court, while his acting successor expressed concern about "signs of separatism" in Russian-speaking Crimea.
TRIPOLI, Feb 25- More than 100 rockets fired by government-payrolled rival gunmen rained down on a Libyan power plant and electrical blackouts could result this summer, the country's electricity minister said on Tuesday.
*Initially valued at $500- 600 mln, but the value has fallen. LONDON, Feb 25- Brazilian mining firm B&A Mineração has pulled out of talks to buy BHP Billiton's stake in the Mount Nimba iron ore deposit in Guinea, bank and industry sources said, in the latest sign that projects in riskier countries have become a tough sell.
KIEV, Feb 25- Ukraine's parliament voted on Tuesday to send fugitive President Viktor Yanukovich to be tried by the International Criminal Court for "serious crimes" committed during violent anti-government protests in which scores were killed.
*India oil imports from Islamic state doubled in Jan. India's oil imports from Iran more than doubled in January from a month earlier after sanctions on Tehran were eased due to an interim deal on its nuclear programme. Essar received 141,900 barrels per day of oil from Iran last month, up from 54,200 bpd in December, according to the data obtained by Reuters.
*S&P 500 sets intraday record in broad U.S. equity rally; German sentiment helps. NEW YORK, Feb 24- Stocks on Wall Street surged to an all-time high on Monday on optimism over merger activity that also lifted global equity markets, while crude oil prices rose, helped by expectations of revived growth in the demand for oil.
SAN FRANCISCO/ BARCELONA, Feb 24- Facebook Inc Chief Executive Officer Mark Zuckerberg took a victory lap at the world's largest mobile technology conference in Barcelona on Monday, after beating out Google Inc in a $19 billion acquisition of free messaging service WhatsApp.
NEW YORK, Feb 24- Stocks on Wall Street surged to an all-time high on Monday, helping to lift global equities markets on optimism over merger activity, while crude oil prices rose on expectations of revived growth in the demand for oil.
LONDON, Feb 24- Brent crude oil steadied around $110 a barrel on Monday, resisting sharp declines in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth. Brent crude was down 30 cents to $109.55 a barrel by 1100 GMT, after settling higher for a second straight week.
*South Sudan's oil production hit by fighting. LONDON, Feb 24- Brent crude oil rose to around $110 a barrel on Monday, defying declines seen in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth. Brent crude was up 15 cents to $110.00 a barrel by 0900 GMT, after settling higher for a second straight week.
*Macroeconomic figures patchy, often unreliable across region. *Causes include secretive govts and firms, undeveloped tax systems.
Ever since the ouster of Muammar Gaddafi in 2011, Libya's government has been struggling to establish law and order and assert control over a vast desert nation awash with arms. Authorities also hope a regulator, another novelty for Libya, will bring transparency to an opaque market and put it on the radar of risk-willing investors.
*France's Western allies reluctant to send troops to help. PARIS/ DAKAR, Feb 23- When France sent troops to halt violence between Christians and Muslims in Central African Republic, commanders named the mission Sangaris after a local butterfly to reflect its short life.
SAN FRANCISCO/ BARCELONA, Feb 24- Facebook Inc Chief Executive Officer Mark Zuckerberg will take a victory lap at the world's largest mobile technology conference in Barcelona on Monday, after beating out Google Inc in a $19 billion acquisition of free messaging service WhatsApp.
*Secret forested estate seen as Yanukovich folly. NOVI PETRIVTSI, Ukraine, Feb 22- A sprawling forested estate of graceful waterways and summer houses- half the size of Monaco but just one hour's drive from Kiev- stands as a symbol of the folly of Ukraine's fugitive president. All this in a country where the average salary is less than $500 a month.