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Business Africa

  • *Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.

  • SINGAPORE, Oct 8- India's Mangalore Refinery and Petrochemicals Ltd sold a lower sulphur gasoil cargo and offered another, its first such cargoes in more than a year, as it moves away from exporting the polluting high sulphur grade, traders said on Monday.

  • LONDON, Oct 8- The chief executive of Aquarius Platinum, the fourth-largest platinum miner, has resigned with immediate effect, the company said on Monday, giving no reason for his departure. A replacement for Stuart Murray, who was also chairman of the miner's principal, South African subsidiary, will be considered "in due course", it said in a statement.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on COMPANIES- PSG will release interim results.- The following company are trading ex-dividend or without a right to their latest dividend payout: DRDGold, Sasol, Aveng, African Oxygen, Cashbuild, Discovery, RMB Holdings, FirstRand, RMI Holdings and AVI Ltd,.

  • JOHANNESBURG, Oct 8- Cipla Medpro South Africa Ltd:. *Says CEO cancelled employment contract with immediate effect. *Says CEO would institute legal action to claim damages.

  • NAIROBI, Oct 8- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. *The rules of the game in South Africa's labour market have changed and. wildcat strikers at mining giant Anglo American Platinum.

  • JOHANNESBURG, Oct 8- Mediclinic International Ltd:. *Says rights offer was 99.7 percent subscribed for. *Says excess rights offer shares to be allocated for 0.3 percent of rights.

  • Britain will block the proposed $45 billion merger between EADS and BAE Systems if key "red line" priorities are not met, defence minister Philip Hammond said on Sunday, just three days before a deadline for detailing the deal.

  • JOHANNESBURG-- The National Union of Mineworkers accused Anglo American Platinum Monday of "racism" as the impasse between striking miners and the world's top platinum producer escalated.

  • JOHANNESBURG, Oct 8- South African shares edged lower on Monday after the rand weakened more than 2 percent, hitting retailers reliant on dollar-denominated imports such as Mr Price, but rewarding exporters producing in the local currency.

  • SINGAPORE, Oct 8- U.S. crude eased towards $89 a barrel on Monday, as concerns over the global economy and Europe's debt crisis offset support from an unexpected drop in U.S. unemployment.

  • *Only 2 points behind in Reuters/ Ipsos poll. PORT ST. LUCIE, Fla., Oct 7- Mitt Romney appeared on Sunday to have halted his perilous slide in the polls and is back to running a close race with President Barack Obama as he prepares a new assault on the Democrat over foreign policy.

  • BEIJING, Oct 8- China is spending $14 billion on pilot projects to turn coal in remote parts of the country into natural gas, a risky bet that could help meet the country's surging demand for the cleaner fuel.

  • LOS ANGELES-- Critics don't like "Taken 2," but Liam Neeson's action sequel has proved twice the hit among fans as the original movie was. "Taken" went on to become a $145 million smash for Neeson, the Academy Award-nominated star of " Schindler's List" who has become an unlikely action hero in his 50 s.

  • JOHANNESBURG, Oct 7- South African rail freight operator Transnet is bracing for a one-day strike by port and rail workers in support of a walkout by 20,000 truckers that has hit fuel supplies round the economic hub of Johannesburg and at least one car plant.

  • By David Dolan and Jon Herskovitz. IKANINI, South Africa, Oct 7- The rules of the game in South Africa's labour market have changed and the new players are workers such as Tshepo Modise and Thulani Soko, wildcat strikers at mining giant Anglo American Platinum.

  • *Flight was on the way to Darfur. KHARTOUM, Oct 7- A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 13 people on board, the army said. The Antonov 12 transport plane was travelling to El Fasher in northern Darfur, military spokesman Al-Sawarmi Khalid told Reuters.

  • KHARTOUM, Oct 7- A Sudanese military plane crashed in a rural area west of the capital Khartoum on Sunday, killing some of the 20 armed forces personnel on board and injuring others, the army said.

  • *Deal gives Qtel more control over Algeria, Tunisia subsidiaries. to 92.1 percent, giving an instant boost to its bottom line and more control of subsidiaries in the high growth markets of Algeria and Tunisia.

  • KHARTOUM, Oct 7- A Sudanese military plane crashed in a rural area west of the capital Khartoum on Sunday with 20 armed forces personnel on board and some of them were killed, a military spokesman said. "Some were killed and some were injured," spokesman Al-Sawarmi Khalid told Reuters. He did not give a precise death toll or the cause of the crash.