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  • SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Chief Executive Bayard Gontijo, who set the cost-cutting agenda in motion when he took over in October, said...

  • ADDIS ABABA, April 1- International brewers are helping transform Ethiopia's business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa's fastest growing economies. Heineken, Diageo and privately-owned Dutch brewer Bavaria, have snapped up state breweries or built new ones in the past four...

  • SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Other telecoms are also cutting back, with Telefonica Brasil SA and Nextel operator NII Holdings Inc both...

  • LONDON, April 1- Nigerian election winner Muhammadu Buhari and Goodluck Jonathan, the outgoing president, must ensure the transition to a new government remains peaceful, British Foreign Secretary Philip Hammond said on Wednesday. Three decades after seizing power in a military coup, Buhari has become the first Nigerian to oust a president through the ballot...

  • LONDON, April 1- Asia- focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes. Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private equity firm, Standard...

  • ADDIS ABABA, April 1- International brewers are helping transform Ethiopia's business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa's fastest growing economies. Heineken, Diageo and privately-owned Dutch brewer Bavaria, have snapped up state breweries or built new ones in the past four...

  • ABUJA, April 1- Nigerian election winner Muhammadu Buhari congratulated outgoing president Goodluck Jonathan for peacefully relinquishing power on Wednesday, a day after becoming the first Nigerian politician to unseat a sitting leader at the ballot box. His rival All Progressives Congress Party wasted no time in crowning him a "hero" for his good...

  • "It's not the result that we wanted but it's a good day for Nigeria if we show the world we can run a credible election," said a minister in Jonathan's government, who did not wish to be named because others in the PDP were angry about the result. Now Africa's biggest economy, Nigeria has nevertheless been held back by the legacy of three decades of army misrule: a mix of...

  • *Opposition win is Nigeria's first democratic transfer of power. ABUJA, March 31- Three decades after seizing power in a military coup, Muhammadu Buhari became the first Nigerian to oust a president through the ballot box, putting him in charge of Africa's biggest economy and one of its most turbulent democracies. In the religiously mixed northern city of Kaduna,...

  • By Rahul Karunakar and Hari Kishan. March 31- Uncertainty surrounding the timing of the U.S. Chinese and most European stocks have led the way with a stellar run, buoyed by stimulus from the People's Bank of China and the European Central Bank.

  • ABUJA, March 31- The opposition All Progressives Congress declared victory for its candidate, former military ruler Muhammadu Buhari, in Nigeria's presidential election on Tuesday and said the country was "witnessing history". "This is the first time in Nigeria that a sitting government will be voted out of power using purely democratic means," APC spokesman Lai...

  • ABUJA, March 31- Muhammadu Buhari, an ex-general who first seized power in Nigeria three decades ago in a military coup, closed in on a historic election win on Tuesday which would mark the first time an incumbent has been ousted via the ballot box in Africa's most populous nation. That support compared to 11.3 million for President Goodluck Jonathan, whose five...

  • ABUJA, March 31- Nigerian opposition contender Muhammadu Buhari, an ex-general who first won power three decades ago in a military coup, closed in on a historic election victory on Tuesday, maintaining a hefty lead in the vote count in Africa's most populous nation. According to a Reuters tally collated from 33 of Nigeria's 36 states, the 72- year-old Buhari had...

  • ABUJA, March 31- Nigeria's opposition contender Muhammadu Buhari held a sizeable lead as counting in the country's election resumed on Tuesday, raising the prospect of a stunning ballot box victory for a man who first came to power three decades ago via a military coup. According to a provisional Reuters tally collated from 31 of Nigeria's 36 states, the 72-...

  • All eyes are watching Nigeria's election: Report   Tuesday, 31 Mar 2015 | 4:30 AM ET
    All eyes are watching Nigeria's election: Report

    CNBC Africa's Godfrey Mutizwa, brings you the latest in Nigeria's countdown towards electing a president, and what the results are suggesting so far.

  • *China shares hit seven-year high on ambitious Silk Road project. Also Monday, Israel's Teva Pharmaceutical Industries said it would buy U.S. biopharmaceutical firm Auspex Pharmaceuticals Inc for $3.5 billion, and Ireland's Horizon Pharma Plc agreed to buy U.S. drugmaker Hyperion Therapeutics Inc for about $1.1 billion. Earlier, China unveiled details of an...

  • *China signals stimuli for economy. Treasury debt prices were mostly little changed on Monday, with longer-dated maturities giving back some gains from last week, as equity markets rose on signs China was moving to bolster its massive economy. Stocks, which often move inversely from bonds in prices, surged to seven-year highs in China, helped by Beijing's...

  • Nigeria elections: What will happen next?   Monday, 30 Mar 2015 | 11:30 AM ET
    Nigeria elections: What will happen next?

    As results for the elections in Nigeria start to come out, Anna Rosenberg, sub-Saharan Africa analyst at Frontier Strategy Group, says the most recent results are "encouraging," and discusses the likely scenarios depending on who wins.

  • *China shares hit seven-year high on new Silk Road project. NEW YORK, March 30- The dollar rose and global equity markets surged on Monday on merger and acquisition activity among drugmakers on both sides of the Atlantic, while Chinese stocks hit a seven-year high on an ambitious government plan to create a modern Silk Road. Earlier, China unveiled details of an...

  • TREASURIES-Prices ease as Wall Street rallies Monday, 30 Mar 2015 | 10:26 AM ET

    *China signals stimuli for economy. Treasury debt prices softened on Monday, giving back some gains from last week as equity markets rose on signs China was moving to bolster its massive economy. Stocks, which often move inversely from bonds in prices, surged to seven-year highs in China, helped by Beijing's unveiling of an ambitious plan to build a modern Silk...