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SINGAPORE, (Reuters)
Fri, 03 Sep 2010
Oil fell on Friday for the first day in three as traders awaited monthly U.S. employment data, while Hurricane Earl approached the country's east coast, fuelling concerns of disruptions to refineries and demand during the Labor Day long weekend. ...Read More
SYDNEY, (Reuters)
Fri, 03 Sep 2010
Asian stocks squeezed higher on Friday but gains were tentative ahead of all-important U.S. jobs data that tends to swing markets. ...Read More
JOHANNESBURG, (Reuters)
Fri, 03 Sep 2010
South African health insurer Discovery could target fast-growing India eventually as it explores opportunities in Asia, its chief executive told Reuters. ...Read More
JOHANNESBURG, (Reuters)
Thu, 02 Sep 2010
South Africa's new vehicle sales jumped by 36.9 percent on a yearly basis in August, partly boosted by pre-emptive buying ahead of a tax on new cars, while strikes in the sector had weighed on exports. ...Read More
MAPUTO, (Reuters)
Thu, 02 Sep 2010
Shops were looted, cars set ablaze and roads barricaded. Protests over bread price rises spread over Maputo on Thursday, while troops struggled to clear up and restore a semblance of order in the city centre. ...Read More
NAIROBI, (Reuters)
Thu, 02 Sep 2010
Total Kenya TOTL.NR posted a first-half surge in pretax profits on Thursday due largely to boosted sales volumes following its buy-out of Chevron Kenya. Part of the French firm Total TOTF.PA, the company said profit before tax leapt 772 percent to 481.04 million shillings ($5.96 million). ...Read More
LUSAKA, (Reuters)
Thu, 02 Sep 2010
Equinox Minerals Ltd. plans to start exporting stockpiled uranium from its Lumwana mine in Zambia in about two to three years, when prices rise, the head of the company said on Wednesday. ...Read More
JOHANNESBURG, (Reuters)
Thu, 02 Sep 2010
South African casino group Gold Reef Resorts GDFJ.J reported a 23 percent decline in first-half profit on Thursday, hit by weak consumer demand in Africa's largest economy and remained cautious on its outlook. ...Read More
KAMPALA, (Reuters)
Thu, 02 Sep 2010
Uganda has invited international bids for a contract to build a hydropower plant, expected to produce up to 700 megawatts (MW) and estimated to cost about $900 million, the energy ministry said on Wednesday. ...Read More
JOHANNESBURG, (Reuters)
Thu, 02 Sep 2010
Car manufacturer Volkswagen VOWG-p.DE said on Wednesday it closed its Uitenhage plant in South Africa due to a component industry strike. ...Read More
JOHANNESBURG, (Reuters)
Thu, 02 Sep 2010
South Africa's National Union of Mineworkers (NUM) said on Wednesday that more than 8,000 workers at Northam Platinum NHMJ.J would go on a pay strike on Monday, as new wage talks collapsed at another mine. ...Read More
JOHANNESBURG, (Reuters)
Thu, 02 Sep 2010
The coalition of South African public workers' unions said on Wednesday it has rejected a new pay offer from the government aimed at ending a three-week strike by about 1.3 million workers in Africa's largest economy. ...Read More
JOHANNESBURG, (Reuters)
Wed, 01 Sep 2010
South African insurer Santam Ltd SNTJ.J posted an 80 percent jump in first-half profit on Wednesday, helped by strong performance in its underwriting business and said it would hike its dividend. ...Read More
LUANDA, (Reuters)
Wed, 01 Sep 2010
Angolan authorities cut gasoline and diesel subsidies on Wednesday as a prelude to liberalising the country's downstream oil sector, triggering a steep rise in pump prices and the threat of protests from irate motorists. ...Read More
JOHANNESBURG, (Reuters)
Wed, 01 Sep 2010
South Africa's purchasing managers' index (PMI) moved into expansionary territory in August after two consecutive months below the key 50 line, indicating a recovery in demand for factory goods. ...Read More
JOHANNESBURG, (Reuters)
Wed, 01 Sep 2010
South Africa's largest union on Wednesday suspended a one-day sympathy strike this week that could have shut mines in order to give about 1.3 million striking state workers more time to consider a new wage offer. ...Read More
CAPE TOWN, (Reuters)
Wed, 01 Sep 2010
South Africa's head of bank regulation said on Wednesday he does not expect a decision on HSBC's bid for Nedbank before the end of this year. ...Read More
DURBAN, (Reuters)
Wed, 01 Sep 2010
Ghana, the world's second-largest cocoa grower, could reach its target of producing 1 million tonnes of the main ingredient in chocolate next season -- a year ahead of schedule -- a senior official said on Tuesday. ...Read More
JOHANNESBURG, (Reuters)
Wed, 01 Sep 2010
South African insurer Metropolitan reported a 13 percent rise in first-half profit on Wednesday, as a slow economic recovery helped its mainstay low and middle-income customers. ...Read More
JOHANNESBURG, (Reuters)
Wed, 01 Sep 2010
South Africa's agricultural service group Afgri on Wednesday posted a 6 percent rise in full-year earnings, boosted by better performance of its grain storage and food units and forecast more improvements. ...Read More
SINGAPORE, (Reuters)
Wed, 01 Sep 2010
Oil rebounded half a percent to top $72 on Wednesday after China's manufacturing industry accelerated last month, easing investors' concern about the faltering pace of global economic recovery. ...Read More
BEIJING, (Reuters)
Wed, 01 Sep 2010
China's manufacturing sector regained some momentum in August while India and Russia continued to power ahead, cheering investors in the face of signs that sputtering U.S. recovery was cooling global demand. ...Read More
NAIROBI, (Reuters)
Wed, 01 Sep 2010
Falling telecoms costs led Kenya's year-on-year inflation rate to slow to 3.2 percent in August from 3.6 percent the previous month, the government's statistics office said on Tuesday. ...Read More
KAMPALA, (Reuters)
Wed, 01 Sep 2010
Uganda's year-on-year headline inflation rate UGCPIYECI eased to a 6-year low of 1.7 percent in August from 3.2 percent in July, the Uganda Bureau of Statistics (UBS) said on Tuesday. ...Read More
MOUNT HAMPDEN, Zimbabwe, (Reuters)
Wed, 01 Sep 2010
Zimbabwe's diamond output from its Marange fields will reach 40 million carats in the next three years, with annual revenues expected at around $2 billion, a government adviser said on Tuesday. ...Read More
LUANDA, (Reuters)
Wed, 01 Sep 2010
Private investment outside the oil sector in Angola tripled to $1.255 billion in the first half of the year compared to the same period last year, the head of the national investment agency was cited as saying on Tuesday. ...Read More
NAIROBI, (Reuters)
Tue, 31 Aug 2010
Kenya's East African Cables CABL.NR on Tuesday posted a 93 percent drop in pretax profit to 23.84 million shillings ($294,000) for the six months ended June thanks to the poor performance of its Tanzanian unit. ...Read More
DURBAN, (Reuters)
Tue, 31 Aug 2010
Ghana, the world's second-largest cocoa grower, could reach its target of producing 1 million tonnes of the main ingredient in chocolate next season -- a year ahead of schedule -- a senior official said on Tuesday. ...Read More
JOHANNESBURG, (Reuters)
Tue, 31 Aug 2010
South Africa's largest mobile phone group Vodacom VODJ.J is teaming up with Nedbank NEDJ.J to deliver a phone-based cash transfer service, similar to a successful service operating in Kenya. ...Read More
JOHANNESBURG, (Reuters)
Tue, 31 Aug 2010
South Africa's power utility Eskom expressed concern on Monday over the quality of coal it receives from domestic suppliers, which might affect the operations of its coal-fired plants. ...Read More
JOHANNESBURG, (Reuters)
Tue, 31 Aug 2010
Striking South African state workers will vote on Tuesday on an increased wage offer made by the government to try to end a nearly three-week-old strike, the COSATU union federation said. ...Read More