Africa Economy

Euro

From Politics & Policy 3:56 pm

Global Losses From Greek Euro Zone Exit Could Reach €1 Trillion

The financial markets appear to have already priced in Greece’s departure from the euro bloc.

Facebook

From Economy 8:49 am

Huge Demand Prompts Facebook To Sell More Shares In IPO

Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.

BSE Sensex

From Politics & Policy May 14

Indian Stocks Fall On Greek Political Crisis, High Inflation

Bombay Stock Exchange's Sensex lost more than 100 points Monday afternoon trade as the slump in European markets and a worse-than-expected inflation for April hit the markets hard.

Coal

From Politics & Policy May 14

Intl Tenders for New Coal, Hydrocarbon Project Being Readied by Mozambique

The government of Mozambique has announced it is currently preparing the necessary prerequisites for the international tenders it intends to make on the new oil and natural gas blocks in the Rovuma Basin in the far northern portion of the country.

A trader works in the J.P. Morgan stall on floor of the New York Stock Exchange, September 14, 2009.

From Politics & Policy May 11

SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent

U.S. Securities and Exchange Commission investigators are "probably" in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.

A woman collects ballots during parliamentary elections at a polling station on the outskirts of Algiers

From Politics & Policy May 11

Opposition And Islamists Charge Fraud In Algerian Parliamentary Election

Members of Green Alliance charged the authorities with fraud for their distant third place finish.

Top Global Stock Indexes To End 2012 With Solid Gains

From Economy May 11

Top Global Stock Indexes Expected to Finish 2012 With Solid Gains

The booming emerging markets may spearhead a further rise in global stock indexes as the growth spurt enjoyed by some major Western markets since the start of the year declines.

AngloGold Ashanti facility in Ghana

From Economy May 10

AngloGold More Than Doubles Profit on High Gold Prices, Sees Metal Going Higher

AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.

5. Microsoft (US)

From Politics & Policy May 10

Microsoft Going ‘Carbon Neutral’ On July 1

Microsoft (Nasdaq: MSFT), the world's biggest software company, said it will go “carbon neutral” on July 1, the start of its new fiscal year.

Algeria's president Bouteflika walks with nephews after casting ballot during parliamentary elections in Agiers

From Politics & Policy May 10

Algerian Parliamentary Election Marred By Voter Apathy, Despite Promises Of Fairness, Transparency

The government is also permitting about 500 foreign observers, including 120 from the European Union, to monitor the elections.