SOUTH AFRICA

AngloGold Ashanti to Invest $250M/Year in Brazil

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South African gold miner Anglogold Ashanti will invest $250 million each year through 2016 to raise its Brazilian output of the precious metal by two thirds, its chief executive said on Wednesday.
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France's President Nicolas Sarkozy

G20 Seeks Ways to Boost Jobs in Face of Gloomy Outlook

G20 labor ministers meeting on Monday and Tuesday in Paris face the tricky task of trying to boost job creation in the face of a fast-deteriorating economic outlook without undermining already strained public finances.
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Bill Gates backs financial transaction tax to aid poor

A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters.
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Gates backs financial transaction tax to aid poor

A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters.
Greece must shrink state to avoid default: lenders

Global Recession 2011: It's Real, and It's Going to Hurt

Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.
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World Bank chief warns of spreading crisis

Protectionism and populist policies in the developing world could rise as countries face increasing head winds from a growing European sovereign debt crisis and a weakening economic recovery in the United States, World Bank President Robert Zoellick said on Thursday.
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S.Africa rand hits 26-month low after dovish c.bank comments

South Africa's rand briefly hit a new 26-month low against the dollar on Thursday, and bonds trimmed losses, after a central bank statement was largely viewed as dovish but the currency stabilised in late trade after two days of hefty losses.
Gill Marcus

S.Africa holds repo rate flat, rand slides

South Africa's Reserve Bank left its repo rate unchanged on Thursday and struck a dovish note as it balanced its concerns for domestic economic growth with an expected increase in inflation stemming from a sharply weaker rand.
Greece could trigger global banking crisis: Canada

Greece could trigger global banking crisis: Canada

A global banking crisis will erupt unless Europe properly deals with Greece's debt problems, Finance Minister Jim Flaherty said on Wednesday, notably hardening his criticism of European authorities.
Zambia election

China Nervously Watches Zambia's Election

Zambia held presidential elections Tuesday, but two days later only 85 of the country's 150 constituencies have reported results, sparking wide-scale unrest in the country and again bringing up fraud allegations. While all eyes are on Zambia, one nation's gaze is especially fixed: China.
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iPhone 5 Release Date: Al Gore, Former Vice President, Says October

The much-anticipated release of the next version of the iPhone, presumably the iPhone 5, has been hotly debated. But if what former vice president and current Apple Inc. board member Al Gore believes is true, consumers can expect the new iPhones to be here in October.
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Greece sharpens austerity; IMF warns on banks

Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.
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Emerging powers can play vital world role: Brazil

The president of Brazil, Dilma Rousseff, on Wednesday told the United Nations that fast-growing emerging economies can play a vital role to help stem the global economic crisis, marking the latest move by developing countries to become the equals of the world's traditional powers.

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