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  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • The planned factory, first reported by Reuters last November, represents a belated step by Paris- based Peugeot to expand into lower-cost vehicles and emerging markets, reducing its exposure to Western Europe's relatively stagnant demand and high production costs. Peugeot said it expects the plant to source 60 percent of components locally, rising to 80...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • June 19- Chocolate maker Hershey Co trimmed its full-year sales growth forecast citing weak sales in China, and said it would cut 300 jobs by the end of the year under a new cost-cutting program. Sales in China nearly halved in the first quarter compared with the same period of 2014, leading analysts to warn that Hershey's $450 million annual sales target for the...

  • NAIROBI, June 18- U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday. TPG is a newcomer to Africa while Satya's interests range from healthcare in Nigeria to manufacturing in Tanzania. Satya will also make available an extra $300...

  • Africa growth: A long term story Friday, 19 Jun 2015 | 7:00 AM ET
    Africa growth: A long term story

    Anna Rosenberg, associate practice leader for Sub-Saharan Africa research at Frontier Strategy Group, discusses business activity in Africa.

  • MELBOURNE, June 19- London copper eased on Friday and was on track for a fifth weekly fall, with a seasonal ebb in Chinese demand expected to keep eroding prices. *The most-traded copper contract on the Shanghai Futures Exchange was flat at 41,910 yuan a tonne. *The United States said on Thursday it would not "paper over" differences between the United States and China...

  • CSI Africa? Using elephant DNA to fight poachers Thursday, 18 Jun 2015 | 2:05 PM ET
    A KWS security officer stands near a burning pile of 15 tons of elephant ivory seized in Kenya at Nairobi National Park on March 3, 2015.

    Scientists used the DNA found in illegally hunted elephant tusks to help African law enforcement agencies track ivory poachers.

  • NAIROBI, June 18- U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday. TPG is a newcomer to Africa while Satya's interests range from healthcare in Nigeria to manufacturing in Tanzania. Satya will also make available an extra $300...

  • PARIS, June 18- Utility Energias de Portugal and its shareholder China Three Gorges have set up a joint venture to develop hydro-electric projects in South America and Africa, part of a partnership being watched across the industry as a model for Chinese investment in renewables abroad. The 50-50 joint venture, called Hydroglobal, is studying hydropower...

  • UPDATE 1-TPG to partner with Satya Capital in Africa Thursday, 18 Jun 2015 | 5:21 AM ET

    June 18- U.S. private equity firm TPG on Thursday agreed for a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, to invest in African companies looking to expand in Africa and globally. TPG will invest up to $1 billion in Africa via a partnership with Satya, a person familiar with the matter told Reuters on Wednesday. Satya's founding Chairman Mo...

  • June 17- U.S. private equity firm TPG will invest up to $1 billion in Africa through a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, a person familiar with the matter told Reuters on Wednesday. William McGlashan, managing partner of TPG Growth, said Africa is the last major market in which his company has not yet invested, in an interview to the...

  • WASHINGTON, June 17- The United States and Spain signed a defense agreement on Wednesday giving U.S. Marines permanent use of Moron air base, near Seville, from which they can be quickly deployed to Africa. The mission of the 850 Marines in the Special Purpose Marine Air-Ground Task Force based at Moron is to intervene in crises in Africa, including humanitarian...

  • Roaring gasoline puts Europe's refiners in driving seat Wednesday, 17 Jun 2015 | 12:29 PM ET

    LONDON, June 17- There's rarely been a better time to produce gasoline. Already, the margins or so-called cracks have surpassed $25 per barrel in Europe, their highest since 2007.. But with Asian demand "nothing short of phenomenal," according to Energy Aspects, cargoes from Europe have had their choice of outlets, virtually around the globe.

  • June 17- The Portuguese navy plans to use drones to help survey the Mediterranean as the European Union steps up efforts to track and rescue thousands of migrants risking often deadly sea crossings from Africa. The tide of migrants and refugees risking the crossing to reach Europe from Africa is on the rise this year and the U.N. refugee agency estimates 1,850...

  • PARIS, June 17- Remy Cointreau posted higher than expected annual profit on Wednesday, despite a difficult year in China, and said it would accelerate a drive to sell higher-priced spirits to boost profit margins, sending its shares up to 8 percent higher. At 1120 GMT, Remy Cointreau shares were up 1.6 percent at 65.15 euros, off a session-high of 70 euros, but...

  • PARIS, June 17- Boeing announced at the Paris air show on Wednesday that Ethiopian Airlines was the unidentified customer behind a previously announced order for six 787-8 Dreamliners, worth $1.3 billion at list prices. Ethiopian Airlines Chief Executive Tewolde GebreMariam added that the carrier planned to "keep investing heavily in technologically...

  • Corruption risk ripe in Sub-Saharan Africa: Report Wednesday, 17 Jun 2015 | 1:45 AM ET
    Corruption risk ripe in Sub-Saharan Africa: Report

    Trevor Slack, principal analyst at Verisk Maplecroft, explains why Sub-Saharan Africa continues to dominate his firm's corruption risk rankings.

  • PARIS, June 16- Lockheed Martin Corp on Tuesday named a private firm, Hybrid Enterprises LLC, as the exclusive sales agent for its Hybrid Airships, a new type of aircraft that company officials say could revolutionize the way oil and mining companies haul equipment to the Arctic and other remote areas without roads. Rob Binns, chief executive officer of Hybrid...

  • ATHENS/ BERLIN, June 15- Greece's government denied a German newspaper report on a euro zone plan that involves Athens imposing capital controls this weekend if it fails to reach a deal with creditors this week, a government official told Reuters on Monday. The newspaper said "it became known in Berlin and Brussels" that Greece's international creditors wanted...