U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
"We're gonna take this meeting by meeting. We're not on a preset course," Clarida told CNBC's Sara Eisen during an interview Friday on "Squawk on the Street."The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Netflix CEO Reed Hastings admitted that it's a "whole new world starting in November," with the launch of Apple TV+, Disney+ and other new streaming services.Technologyread more
President Donald Trump sarcastically tweeted that New York City "is devastated" by Mayor Bill de Blasio's exit from the 2020 presidential race. Two other Democratic mayors,...2020 Electionsread more
The United Auto Workers union and General Motors are making progress on their labor contract talks, however there remain "many" outstanding issues, according to a union leader...Autosread more
Democratic presidential candidate Elizabeth Warren has been given more than one opportunity over the past two weeks to clarify her response to a key question about her...Politicsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
Joshua Harris, Apollo Global Management's co-founder, has a message for private equity's naysayers in Washington.Delivering Alpharead more
* S. Africa has seen anti-foreign riots in recent days
* Riots sparked reprisal attacks on S. African business in Nigeria
* Nigeria's president sent special envoy to S. African leader (Adds Shoprite closures)
ABUJA, Sept 4 (Reuters) - South African companies MTN and Shoprite closed stores in Nigeria on Wednesday after attacks on their facilities in the country.
The facilities were attacked in retaliation after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses.
The Nigerian division of telecom operator MTN said it will shut all stores and service centres in the country until further notice.
"The safety and security of our customers, staff and partners is our primary concern," MTN Nigeria said in a statement. "MTN condemns any acts of violence, prejudice and xenophobia."
Nigeria is MTN's biggest market, with 58 million users in 2018 and accounts for a third of the South African group's core profit.
Supermarket chain Shoprite said several stores in South Africa, Nigeria and Zambia were closed and extensive damage had been done to several supermarkets over the past 24 hours.
"The retailer is highly concerned about the acts of xenophobic violence against foreign nationals," the grocer added in its statement.
The latest wave of unrest in South Africa has raised fears of a recurrence of violence in 2015 aimed at foreigners and in which at least seven people were killed. Before that, some 60 people were killed in a wave of unrest around the country in 2008.
Nigerian President Muhammadu Buhari said on Tuesday he was urgently sending a special envoy to meet with President Cyril Ramaphosa to secure the "safety of (Nigerian citizens') lives and property".
Police have yet to pinpoint what triggered the violence, which began on Sunday when protesters armed with makeshift weapons roamed the streets of Pretoria's business district, pelting shops with rocks and petrol bombs and running off with goods. (Reporting by Chijioke Ohuocha in Abuja and Nqobile Dludla in Johannesburg; Writing by Paul Carsten; Editing by Louise Heavens and Deepa Babington)