Africa Economy
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Global Car Companies Hunt Big Game In Africa's Growing Automotive MarketAugust 25 2012 2:07 PM
Global automakers from Renault SA (Paris: RNO) to Ford Motor Company (NYSE: F) to Chinese companies like Geely Automotive are all racing to get a piece of the long-term potential promised by Africa's burgeoning automotive market. The continent's economy is on the rise, and despite very real improvements in the quality of life and standards of living in many African countries, risks for multinational manufacturers remain.
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Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31August 24 2012 4:30 PM
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
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South Africa May Declare ‘Wine War’ Against Britain To Protect JobsAugust 23 2012 3:17 PM
UK retail giants like Sainsbury and Tesco prefer to buy and move wine in bulk because they can transport higher volumes of the product at a cheaper cost.
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Gold Demand Plunges In Top Global Markets: Will Emerging Markets Take Up Slack?August 20 2012 10:41 AM
Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India - the two largest gold consumers - that has extended for several months.
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Zuma Declares Week Of Mourning For Miners As Lonmin Demands Strikers ReturnAugust 19 2012 11:31 AM
South African President Jacob Zuma has declared a week of national mourning for the striking miners killed in violence at a platinum mine Thursday, as the mine operator delivered an ultimatum for the strikers' return to work.
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South Africa Explodes: 34 Dead, 78 Wounded At Platinum Mine ConfrontationAugust 17 2012 1:10 PM
34 miners have been killed and another 78 wounded during the Thursday clash between striking miners and police officers at a platinum mine.
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Tensions Break Anew: Around 18 Dead in New Mining Clashes in South AfricaAugust 16 2012 3:14 PM
18 people are dead in new violence at the Lonmin Platinum Mine in South Africa.
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Gold Demand Falls To A Two-Year Low; India, China WeighAugust 16 2012 5:40 AM
The demand for gold fell to its lowest level in two years in the second quarter of 2012, as the price rise along with the economic slowdown has deterred major consumers India and China from buying the yellow metal, the World Gold Council said on Thursday.
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iPhone 5, $2.5-Billion Dividend Payout Has Investors, Hedge Funds Buying Apple; Layoff Rumors Have No ImpactAugust 15 2012 5:49 AM
News of the probable launch of iPhone 5 September 12 and the $2.5-billion quarterly dividend payout August 16 have made Apple (AAPL) stocks a top pick among retail investors and hedge funds.
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Nine Killed During Mining Union Riots In South AfricaAugust 13 2012 5:07 PM
A turf war between two rival mining unions in South Africa resulted in the deaths of nine people on Monday, including two policemen.
- IEA Sees Oil Demand Growth Slowing Further In 2013
August 10 2012 11:33 AM
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
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Renault Bets On Africa With Continent's Largest Automotive FactoryAugust 10 2012 6:17 AM
The Renault-Nissan Alliance headed by superstar CEO Carlos Ghosn is hoping to beat the crowds in the nascent African automotive market with the largest assembly plant on the continent.
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