JOHANNESBURG, March 16- Mozambique's overall budget deficit is projected to widen to 9.5 percent this year from 3 percent in 2013, the International Monetary Fund said, as the country continues its spending-driven quest for economic growth.» Read More
DUBAI, March 16- Dubai is considering regulatory reforms to persuade more funds to base themselves in its financial centre, though industry experts believe that other parts of its investment environment may also need to change for the emirate to compete globally.
PORT-AU-PRINCE, March 16- Better known for producing third-world poverty and political mayhem- as well as a world-class rum- the Western Hemisphere's least developed country has made a surprising entry into the high-tech world with its own Android tablet.
WASHINGTON, March 16- As details emerge about how General Motors Co dealt with faulty ignition switches in some of its models, car owners are increasingly angry after learning that the automaker knowingly allowed them to drive defective vehicles. Saturn Ion owner Nancy Bowman of Washington, Michigan, said she is outraged that GM allowed her to drive a "death trap."
*Alibaba listing is the most anticipated deal since Facebook's IPO in 2012.
HONG KONG, March 16- Alibaba Group Holding Ltd is working with six banks to lead its planned U.S. initial public offering, sources said on Sunday, in a huge coup that should yield millions of dollars in fees and catapult them in league table rankings.
JOHANNESBURG, March 16- On paper, South Africa's long-term energy plans look solid, with coal, nuclear, gas and renewables all viable options. But none are likely to prevent potentially crippling future power crunches in Africa's biggest economy unless a decision is made soon on when and how to add capacity to the grid.
*Alibaba's US IPO move could be a blow to Hong Kong stock exchange. Alibaba's planned U.S. listing is the most anticipated IPO since Facebook Inc raised $16 billion in 2012. Alibaba's decision to go to the United States is a blow to the Hong Kong stock exchange, which was initially the company's preferred venue for the IPO.
Industry-wide investigations into alleged exchange rate manipulation, trading scandals at UBS, Societe Generale and JPMorgan and HSBC's $1.9 billion fine for lax money-laundering rules have upped the ante for banks already under pressure to curb reckless behaviour that led to the financial crisis.
AL-LAFITAAT, Egypt, March 16- Egypt's army says it is crushing Islamist militants in the Sinai Peninsula, but in the region's villages and towns a victory for the state feels a long way off.
*Canada class action suit also targets Mizuho. March 14- Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Lawsuits in the United States and Canada represent a new legal front- and a deep-pocketed defendant- in the battle over Mt.
India on Sunday put on hold its search for missing Malaysia Airlines flight MH370, at the request of the government in Kuala Lumpur.
PORT BLAIR, India, March 16- India on Sunday put on hold its search for missing Malaysia Airlines flight MH370, at the request of the government in Kuala Lumpur, which wants to reassess the week-old hunt for the Boeing 777 that is suspected of being deliberately flown off course.
PORT BLAIR, India, March 16- India on Sunday put on hold its search for missing Malaysia Airlines flight MH370, at the request of the government in Kuala Lumpur, which wants to reassess the week-old hunt for the Boeing 777 that is now suspected of being hijacked.
SHANGHAI, March 16- Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.
*Ukraine rulers accuse Kremlin agents of fomenting trouble. KIEV/ SIMFEROPOL, Ukraine, March 15- Pro-Russian leaders in Crimea made final preparations on Saturday for a referendum widely expected to transfer control of the Black Sea region from Ukraine to Moscow, despite an outcry and threat of sanctions from the West.
DETROIT, March 15- Honda Motor Co is recalling nearly 900,000 Odyssey minivans that could catch fire, the U.S. National Highway Traffic Safety Administration said in a recall notice posted on Friday.
LONDON, March 15- New York has knocked London from its position as the world's leading global financial centre after seven years, according to the Global Financial Centres Index compiled by London- based consultancy Z/Yen.
KIEV/ SIMFEROPOL, Ukraine, March 15- Pro-Russian leaders in Crimea made final preparations on Saturday for a referendum widely expected to transfer control of the Black Sea region from Ukraine to Moscow, despite an outcry and threat of sanctions from the West.
SHANGHAI, March 15- China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, adding teeth to a promise it would allow market forces to play a greater role in the economy and its markets.
ANTANANARIVO, March 15- The World Bank and the European Union will resume financial support to Madagascar, officials said, pledging to help rebuild the Indian Ocean island economy still reeling from a coup in 2009..