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  • *China is Africa's largest trading partner. But China too has irked some Africans in the past for using Chinese firms and labor to build state-funded roads and railways in Africa while buying up commodities and leaving little for local economies, an image Xi is keen to change during a two-day conference in South Africa that ends on Saturday.

  • JOHANNESBURG, Dec 3- MTN Group will lobby for further reductions to a fine imposed by Nigeria, a source familiar with the matter said, after authorities in its biggest market cut the penalty by more than a third on Thursday to $3.4 billion. The Nigerian Communications Commission handed Africa's biggest mobile phone company a $5.2 billion penalty in October...

  • Pistorius verdict changed to murder Thursday, 3 Dec 2015 | 4:50 AM ET
    Pistorius verdict changed to murder

    Olympic athlete Oscar Pistorius has been found guilty of murder after a court in South Africa overturned his earlier verdict. NBC’s Jeff Rosen reports.

  • JOHANNESBURG, Dec 3- Nigeria has cut a fine imposed on MTN Group by more than a third to $3.4 billion and given the South African mobile phone operator until the end of the year to pay it, the company said on Thursday. The Nigerian Communications Commission handed Africa's biggest mobile phone company the penalty in October after MTN failed to cut off users with...

  • *Glencore has suspended chunk of output in DRC, Zambia. Production at the Katanga mine there has been suspended since September as its owner Glencore responds to a more than six-year low in copper prices, and the last ore has been trucked away. Glencore plans to re-engineer the site so it can resume output at a lower cost in early 2017, and success would help...

  • South Africa's President Jacob Zuma hailed relations between the two nations as at their "best ever" after the two leaders held talks focused on boosting investment and addressing a trade imbalance that favours China. "China and South Africa relations are at a new historical level. China has made a string of cheap loans in the past few years to countries in Africa,...

  • *Mugabe looks to China to provide economic lift-off. Zimbabwe, which became a pariah in the West after President Robert Mugabe's government was accused of rigging votes and abusing human rights, has increasingly turned to China for investment to help an economy desperate for new infrastructure like roads, power and water. China's Export and Import Bank signed...

  • Zimbabwe, which became a pariah in the West after President Robert Mugabe's government was accused of rigging votes and human rights abuses, has increasingly turned to China for investment to help an economy desperate for new infrastructure like roads, power and water. Zimbabwe and China's Import and Export Bank is expected to loan Harare more than $1 billion...

  • HARARE, Dec 1- Chinese President Xi Jinping arrived in Zimbabwe on Tuesday, the first visit by a Chinese leader since 1996, amid expectations this would lead to the signing of infrastructure funding and investment agreements. Xi is on a two-day state visit to Zimbabwe and will travel to South Africa on Wednesday, where he will meet President Jacob Zuma and later...

  • DIARY-Emerging Markets Economic Events to Dec 13 Monday, 30 Nov 2015 | 7:02 PM ET

    CAPE TOWN- South African Reserve Bank Deputy Governor Francois Groepe speaks at Cape Town monetary policy forum- 1530 GMT. WASHINGTON- China's Vice Finance Minister Zhu Guangyou speaks at the Peterson Institute- 2100 GMT. BUDAPEST- Hungarian National Bank holds non-rate-setting meeting.

  • JOHANNESBURG, Nov 27- South Africa's Naspers is considering raising $2.5 billion to fund acquisitions, it said on Friday, as the e-commerce and media group looks to continue its expansion in fast-growing online markets in developing countries. Africa's largest company by market value, Naspers has transformed itself from an apartheid-era publisher into a...

  • JOHANNESBURG, Nov 27- Crafting South Africa's budget has become a headache for Finance Minister Nhlanhla Nene: labor union allies accuse him of being tight-fisted, while opponents say he's pouring too much money into areas like the civil service that don't help grow the economy. Africa's most industrialized economy has struggled to balance its finances...

  • If the Fed hikes, who in the world will follow? Tuesday, 24 Nov 2015 | 7:00 AM ET
    The Federal Reserve building in Washington, D.C.

    If the Federal Reserve hikes interest rates in December, only a handful of central banks around the world are expected to join it.

  • ETF: Play an emerging markets comeback for cheap Thursday, 19 Nov 2015 | 3:24 PM ET
    NYSE exchange floor

    Matt Hougan, president of ETF.com, believes emerging markets ETFs deserve a second look.

  • DIARY-Emerging Markets Economic Events to Dec 1 Wednesday, 18 Nov 2015 | 7:02 PM ET

    THURSDAY, NOVEMBER 19 BELGRADE- Presentation of the IMF European Department's Fall 2015 Regional Economic Issues Report on Central, Eastern and Southeastern Europe. PRETORIA- The South African Reserve Bank announce interest rate decision- 1300 GMT. FRIDAY, NOVEMBER 20 SEOUL- Bank of Korea Governor Lee Ju-yeol will chair a regular meeting with the heads of...

  • JOHANNESBURG, Nov 17- South Africa's Royal Bafokeng Platinum will delay the ramp up of its new mine by a year as commodity prices sink to near seven-year lows, the company said on Tuesday. Spot platinum has recovered from seven-year lows of $851 hit on Friday on concerns about oversupply and slowing demand in top consumer China, but is still at levels last seen in...

  • ABUJA/ JOHANNESBURG, Nov 15- South African mobile phone firm MTN Group denied on Sunday that it has asked the Nigerian authorities to be allowed to pay by installments a $5.2 billion fine due on Monday. Earlier a source at the Nigerian Communications Commission had said that MTN had asked to be allowed to stagger the payment. Nigeria has been pushing...

  • *Hit with losses, Lonmin striving to stay afloat. MARIKANA, South Africa, Nov 11- As loss-making platinum producer Lonmin appeals for cash from shareholders and slashes costs, many of its mine workers are eager to grab redundancy deals and leave a company battling to stay afloat. Battered by strikes, rising costs and weak platinum prices, Lonmin is seeking to raise...

  • *CEO quits citing Nigeria penalty on MTN. *Nhleko to steer firm, tackle Nigeria penalty. JOHANNESBURG, Nov 9- South Africa's MTN Group has asked its former head to take temporary charge of Africa's biggest mobile telecoms company after its chief executive resigned over a $5.2 billion fine imposed by Nigeria.

  • Africa's biggest mobile phone company was last week fined $5.2 billion by the Nigerian Communications Commission for failure to cut off users with unregistered SIM cards from its network. The Johannesburg- based company is in talks with authorities in Nigeria, which surpassed South Africa as the continent's biggest economy in 2014, to make what three...