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  • *Lonmin focused on turning cash positive. CAPE TOWN, Feb 9- Platinum producer Lonmin will not "shy away" from any merger or takeover but for now the company is focused on its plan to survive tough market conditions, its chief executive said on Tuesday. Should it be of benefit to our shareholders and stakeholders it's not something we would shy away from, "CEO Ben Magara...

  • App launched with uniquely African emojis Saturday, 6 Feb 2016 | 10:59 AM ET

    JOHANNESBURG— App developers have launched a series of uniquely African emojis of characters dressed in colorful traditional attire using popular local expressions and gestures. Afro Emoji founder Nigerian-American Ayoola Daramola said there was a gap in the market for images representing African mobile phone users. Afro Emoji spokeswoman Jessica...

  • South Africa aims to lift coal exports to India Friday, 5 Feb 2016 | 9:45 AM ET

    *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • MSCI's emerging market index fell 1.3 percent with bourses across much of Asia, Russia and eastern Europe chalking up losses as oil prices fell for a second straight day towards $33 a barrel. People were hoping that if the RBI wanted to be overly dovish, that would be a sign you would get a bit more support from central banks, "said Rich Kelly, head of global strategy at...

  • LAGOS, Jan 27- Nigeria is open to an amicable out-of-court settlement with South Africa's MTN over a $3.9 billion fine imposed on the cell phone operator, a top regulatory official said on Wednesday. After weeks of talks with MTN, which makes about 37 percent of its revenue from Nigeria, it cut the fine by 25 percent. Nigeria has been trying to halt the widespread use...

  • DIARY- Emerging Markets Economic Events to Feb 2 Thursday, 21 Jan 2016 | 7:02 PM ET

    MONDAY, JANUARY 25 ACCRA- Bank of Ghana announces rate decision- 1100 GMT. TUESDAY, JANUARY 26 JERUSALEM- The Government Companies Authority, which is a part of the Finance Ministry to hold its annual conference on the preformance of state-owned companies and to outline plans to privatise others. ANKARA- Central bank of Turkey will publish the minutes of its...

  • JOHANNESBURG, Jan 20- South Africa's rainbow nation faces a drought-induced corn conundrum about the colour of its staple, a starchy cake-like mixture derived from maize: white, yellow or a mix of the two? In South Africa, white maize is made into what is known locally known as "pap", the main source of calories for many households. But a shortage of white maize looms...

  • MELBOURNE, Jan 18- In the decimated mining sector, Anglo-Australian Rio Tinto is set to be the last man standing for investors as sliding commodities prices force its peers to slash dividends, in a reversal of fortunes against arch rival BHP Billiton. BHP used to brag that its oil and gas business, its second-biggest earner behind iron ore up to 2014, made it more...

  • Oil rout favors Rio Tinto over BHP, at least for now Monday, 18 Jan 2016 | 3:30 AM ET

    MELBOURNE, Jan 18- In the decimated mining sector, Anglo-Australian Rio Tinto is set to be the last man standing for investors as sliding commodities prices force its peers to slash dividends, in a reversal of fortunes against arch rival BHP Billiton. BHP used to brag that its oil and gas business, its second-biggest earner behind iron ore up to 2014, made it more...

  • JUBA, Jan 15- SABMiller will close its brewery in South Sudan in March due to difficulties in obtaining foreign exchange to buy raw materials, the company said on Friday. SABMiller, which was bought by AB InBev last year, said in a statement that mothballing its South Sudan business would affect most of its 237 employees, but did not elaborate, and indirectly hit...

  • BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...

  • JOHANNESBURG, Jan 11- South Africa's rand plummeted to a record low on Monday as global concerns about China's economy added to investors' worries about domestic political and economic strains before municipal elections later this year. The rand fell more than 9 percent to 17.9950 against the dollar, by far its weakest level on record, on fears that China wants...

  • Japanese sellers push SAfrican rand to record low Sunday, 10 Jan 2016 | 8:47 PM ET

    South Africa's rand tumbled to a fresh record low against the dollar, with dealers blaming Japanese sellers.

  • BRIC-house: India's still an emerging market star Sunday, 10 Jan 2016 | 1:00 PM ET

    You know a country has it good when the worst news to emerge in the last year is a warning that economic growth could slow to 7 percent.

  • *Millions face hunger as drought scorches parts of Africa. The drought, which extends to South Africa, the continent's biggest maize producer, has been exacerbated by an El Nino weather pattern and follows dry spells last year that affected countries from Zimbabwe to Malawi. Aid agency Oxfam has said 10 million people, mostly in Africa, face hunger because of...

  • PRETORIA, Jan 4- South Africa still hopes to solve a dispute with the United States over farm exports, despite the expiry of a U.S.-set deadline that could penalise exports of agricultural goods to the world's top economy. South Africa did sign an agreement with the United States on Nov. 17 to resume importing 65,000 tonnes of chicken each year, which had become...

  • *Microsoft, IBM, vie for pollution forecasting business in China. *IBM has also signed deals with Delhi, Johannesburg. Two of the world's largest technology firms, IBM and Microsoft, are vying to tap the nascent, fast-growing market for forecasting air quality in the world's top carbon emitters.

  • *Microsoft, IBM, vie for pollution forecasting business in China. *IBM has also signed deals with Delhi, Johannesburg. Two of the world's largest technology firms, IBM and Microsoft, are vying to tap the nascent, fast-growing market for forecasting air quality in the world's top carbon emitters.

  • *Nigeria will wait for court to decide on MTN fine. The ministry spokesman contradicted a source in the Nigerian Communications Commission, who earlier said "appropriate action" would be taken against MTN if it failed to pay the fine by a Dec. 31 deadline for failing to disconnect users with unregistered SIM cards. Nigeria has been trying to halt the widespread use...