Africa News
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Updated 6 minutes ago
Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, is considering buying back Royal Dutch Shell Plc’s 24 percent stake in the company, Chief Executive Officer Peter Coleman said in an interview.
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Updated 39 minutes ago
Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more gas than Norway’s entire reserves.
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Updated 45 minutes ago
On Feb. 24, the U.S., European nations, members of the Arab League and other sympathetic countries making up the newly established “Friends of Syria” group will gather in Tunisia for an emergency meeting on how to stem the bloodshed in Syria. Their deliberations are almost certain to involve calls for more crippling sanctions to bring about regime change and debates over providing military support to the fractured opposition groups inside the country.
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Updated 1 hour, 31 minutes ago
Barrick Gold Corp. and Goldcorp Inc., the world’s largest producers of the metal, are poised to outperform bullion after gold-mining companies fell to their cheapest in at least a decade, executives said.
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Updated 47 minutes ago
Steinhoff International Holdings Ltd. plans an initial public offering of its European unit that could raise 1.5 billion euros ($1.98 billion) to repay debt as it considers expanding in Latin America and eastern Europe.
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During 10 turbulent years in Thailand, Kittiratt Na-Ranong tackled jobs ranging from president of the stock exchange to manager of the national soccer team, an underperforming outfit nicknamed the War Elephants.
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Updated 29 minutes ago
President Barack Obama should release crude from the Strategic Petroleum Reserve to stem rising gasoline prices, three U.S. House Democrats said, a move the energy industry opposes.
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Auto-sellers in Yemen’s capital, Sana’a, are putting their shiny new cars back on display after months of hiding them from burglars and stray artillery shells.
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South African Finance Minister Pravin Gordhan unexpectedly cut the budget deficit target for next year as tax revenue is set to climb, easing investors’ concerns about rising debt in Africa’s largest economy.
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A senior investment banker at Credit Agricole SA told a London tribunal he was threatened and asked to quit after reporting his manager to human resources.
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