GO
Loading...

Africa

More

  • July 22- McDonald's Corp reported a lower-than-expected quarterly profit as comparable sales in its struggling U.S. business fell for the third straight quarter and sales in Europe declined for the first time in four quarters.

  • *Fresh clashes in Tripoli and Benghazi. The El-Feel oilfield last week was forced to cut back due to events in Tripoli, where two rival brigades of militias have fought over control of the airport.

  • MOVES-Desombre joins Citi from Credit Suisse Tuesday, 22 Jul 2014 | 9:23 AM ET

    LONDON, July 22- Citi has hired Credit Suisse banker Nicolas Desombre to lead its investment bank in France, the latest in a series of senior hires in Europe to help strengthen its operations in the region. In a memo to employees seen by Reuters, Citi said Desombre will also run its global insurance business alongside Gautam Chawla.

  • McDonald's profit slips; US sales decline Tuesday, 22 Jul 2014 | 8:24 AM ET

    OAK BROOK, Ill.— McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The company, based in Oak Brook, Illinois, hasn't managed to raise the figure since October. A stronger performance in the unit encompassing Asia, the Middle East and Africa helped offset a decline in Europe.

  • HIV pills show more promise to prevent infection Tuesday, 22 Jul 2014 | 2:31 AM ET

    There is more good news about HIV treatment pills used to prevent infection in people at high risk of getting the AIDS virus: Follow-up from a landmark study that proved the drug works now shows that it does not encourage risky sex and is effective even if people skip some doses.

  • Airlines ban flights to Israel after rocket strike Tuesday, 22 Jul 2014 | 12:05 AM ET

    JERUSALEM— A rocket fired from the Gaza Strip landed near Israel's main airport Tuesday, wounding one Israeli and prompting at least two American airlines to cancel flights to Israel in a reflection of high anxiety over air travel after last week's attack on a Malaysian jet over Ukraine.

  • LONDON, July 21- European shares fell on Monday as fighting erupted in eastern Ukraine, the first major eruption of violence there since a Malaysian airliner was shot down last week.

  • LONDON, July 21- European shares fell on Monday as fighting erupted in eastern Ukraine, while sales data from French carmaker Peugeot raised concern about demand from emerging markets. Peugeot's shares fell 3.8 percent after it said deliveries fell 25.8 percent in Russia, 26.8 percent in Latin America and 37.2 percent in Africa and the Middle East.

  • *Move will cut over half of Amplats workforce. *CEO says would prefer to sell assets in one go. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.

  • July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.

  • Kenya military Twitter account hacked Monday, 21 Jul 2014 | 8:40 AM ET

    NAIROBI, Kenya— The Twitter account run by Kenya's military was taken over by hackers claiming to be from the international activist collective Anonymous, a military spokesman said Monday. No internal military systems were infiltrated when the Kenya Defense Forces' Twitter account was hacked early Monday, Col.

  • LONDON, July 21- European equity indexes edged lower on Monday, led by auto stocks after poor sales data from France's Peugeot threw the spotlight on existing concerns about demand from emerging markets.

  • VANCOUVER, Washington, July 21- California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington state.

  • *South Africa's union turf war rumbles eastward. MARULA PLATINUM MINE, South Africa, July 20- When a wildcat strike hit Impala Platinum's Marula mine in South Africa's Limpopo province this month, union leaders there had no idea it was coming.

  • LISBON, July 19- Angola's president personally ordered that the state guarantee up to $5.7 billion in troubled loans belonging to the Angolan unit of Portugal's financially compromised Banco Espirito Santo, a Portuguese newspaper said on Saturday.

  • *Angola central bank says BES's Angola unit needs capital increase.

  • *Angola admits "bad" loans in local unit's credit portfolio. LISBON/ JOHANNESBURG, July 18- Angola has broken its silence over its connection to Portugal's troubled Banco Espirito Santo, but its admission of bad loans in the local subsidiary focuses attention on a generous state guarantee covering most of this flawed loan portfolio.

  • *Angola central bank says BES's Angola unit needs capital increase. LISBON, July 18- Financial problems at Portugal's Espirito Santo business empire spilled further across national borders on Friday, with Angola's central bank saying the local division of Banco Espirito Santo would need a capital increase to deal with bad loans.

  • JOHANNESBURG, July 18- South African pension manager Alexander Forbes priced its stock market listing in the middle of its marketed range on Friday, raising 3.7 billion rand in Africa's second-largest initial public offering this year. The pricing points to fairly strong demand when the company lists on the Johannesburg bourse next Thursday, a trader said.

  • Cliffs cuts number of board nominees Friday, 18 Jul 2014 | 10:03 AM ET

    At the same time, proxy advisory firms Institutional Shareholder Services and Glass Lewis& Co. recommended Cliffs' shareholders support at least most of the nominees from Casablanca. Casablanca owns about 5.2 percent of Cliffs' stock, and it has pushed the company to cut costs and spin off some of its international assets.