SOUTH AFRICA

Gold Dips 1% on U.S. Jobs Data, Posts Small Weekly Drop

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Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging U.S. payrolls data smashed hopes of extra stimulus from the Federal Reserve, which had been priced into bullion's recent rally.

Yum Brands Sees 130 New Africa Stores This Year: Report

A customer arrives at a Kentucky Fried Chicken restaurant in Shamokin Dam, Pennsylvania, July 13, 2011.
U.S. fast-food giant Yum Brands Inc. plans to open 130 new KFC stores in Africa this year, bringing its presence on the continent to 1,000 restaurants, the Business Day newspaper in South Africa said on Friday, citing a senior executive.
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A freight ship leaves Southampton docks

Baltic Dry Index, Leading Indicator of World Economy, Down 58% in January

A leading indicator of the state of global industry -- whose biggest dips in the past have come just before the world economy fell into recession -- is dropping like a lead anchor. Some savvy market forecasters are saying this should be sounding alarm bells. But what do the experts who actually work in shipping have to say?
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Reuters Magazine: Felix Salmon: The devil in the CDS

The world of international finance is largely incomprehensible, even to its practitioners. Consequently, a whole industry, of which I am personally part, has sprung up to explain finance to the public. This makes the public think that understanding finance is something that is possible.
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First Uranium 3Q Gold Sales Down 5%

First Uranium's third-quarter gold sales dropped 5 percent and uranium production fell 14 percent from the prior quarter due to accidents at its Ezulwini mine in South Africa, and the miner cut its full-year gold production forecast.
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Reuters Magazine: The Elephants in the Davos Ski Lodge

The epic global shifts of 2011 transformed the political, economic, and social landscape from Shanghai to Sao Paolo, Washington to Cairo. No leader is safe from the vagaries of social unrest; no economy (not even China's) is unaffected by contagion from an over-leveraged, under-managed euro zone. No country is immune from the threat of asymmetric attacks - anything from a terrorist bomb to cybe...
A sculpture showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt

Europe Poses Global Recession Threat: IMF

Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.
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IMF slashes world growth outlook as euro zone weighs

The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.
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About one in five workers worldwide telecommute: poll

About one in five workers around the globe, particularly employees in the Middle East, Latin America and Asia, telecommute frequently and nearly 10 percent work from home every day, according to a new Ipsos/Reuters poll.
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Mail Aims to Raise State's Share in Mining Projects

Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
Brittany Kerr

Brittany Kerr, Charlotte Bobcats Dancer: ‘American Idol’ Audition Leads to Crazed Photo Search [PHOTOS]

Beautiful Brittany Kerr, who is a dancer for the Charlotte Bobcats, had no idea what a frenzy her American Idol audition would cause. Kerr, a stunning NBA dancer and singing hopeful who resembles former Idol contestant Carrie Underwood, caused quite the stir after her American Idol audition aired last week on FOX. A massive traffic influx of thousands of fans searching for her photos crashed Kerr's manager's Web site.
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Emerging markets boost beer sales for SABMiller

Global brewer SABMiller reported a 3 percent rise in beer volumes in the last three months of 2011, as growth in African and Latin American markets helped offset falls in North America and Europe.

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