SOUTH AFRICA

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
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Vodafone surprises with bullish outlook

Vodafone, the world's largest mobile operator by revenue, issued a bullish outlook for 2012 on Tuesday after posting resilient full-year results boosted by customers upgrading to smartphones.
Dominique Strauss-Kahn

Dominique Strauss-Kahn: The Great Seducer

Dominique Strauss-Kahn, who was detained in New York on Saturday night on suspicions of committing a sexual assault on a hotel maid, is no stranger to such scandals.

Bin Laden Deserved Fair Trial, Not Execution: Iran

The Secretary General of Iran’s Supreme Council for Human Rights, Mohammad Javad Larijani, said the Al-Qaeda chieftain deserved to have a fair trial rather than face a “unilateral execution” by American commandos.

Rise and rise of gold: Will prices hit $2,500 on 'insatiable' Chinese demand?

Investors around the world, more so the Chinese, are buying up gold assets to cover against rising inflation risk, macroeconomic uncertainties, a possible currency doom and the ever worsening U.S. debt scenario. The gargantuan demand from China can cause the yellow metal's prices to skyrocket, analysts feel. If the Chinese buying trend is ably supplemented with a fall in the value of dollar, this could result in a skyrocketing of prices.
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Wal-Mart CEO seeing progress in the U.S. business

Wal-Mart Stores Inc is making progress bringing items and shoppers back to its U.S. stores, and turning around U.S. sales remains its top priority, President and Chief Executive Mike Duke said on Tuesday.
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China premium car market prize worth the hurdles

Luxury car makers that have learned the ropes in the familiar markets of Europe and the United States are having to adapt to new ways in China, but with the market expected to boom, they have little choice but to get on board.
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China's yuan nearly freely usable: central bank's Yi

China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday.
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Grave risk world trade talks to fail: WTO's Lamy

Nearly a decade worth of work to reach a world trade deal is on the verge of failure, World Trade Organization Director General Pascal Lamy said on Saturday in a plea for countries to rise above their own narrow interests for the good of the global economy.
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Intelsat New Dawn Satellite Launch Rescheduled for April 22 (FULL TEXT)

Intelsat S.A., the world’s leading provider of fixed satellite services, announced today that the launch of Intelsat New Dawn has been rescheduled to Friday, April 22 at 5:37 p.m. (EDT). The satellite, loaded on an Ariane 5 rocket, will be launched from the Spaceport in Kourou, French Guiana.

Libyan opposition turns down AU peace proposal

Libyan rebels in Benghazi has rejected a peace proposal put forth by a delegation of African Union (AU) who visited them after they conferred with Moammar Gaddafi, who earlier endorsed the plan.

Zuma of South Africa leads peace delegation to Libya

A delegation of African leaders, headed by South African President Jacob Zuma, are on their way to Libya in an attempt to mediate the crisis in that war-torn country, according to the South African foreign ministry.

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