Mauritius’ Finance Ministry repeated its opposition to an increase in the benchmark interest rate that has put it at odds with central bank Governor Rundheersing Bheenick, who is concerned about inflation.
AECI Ltd., South Africa’s biggest explosives and chemicals maker, agreed to buy a water-treatment unit from Clariant AG for 409 million rand ($36.7 million) to expand in the region and tap demand for treating industrial waste water.
Oman, which faces Iran across the Strait of Hormuz, said it’s poised to start raising cash for a $3 billion rail line offering an alternative route for oil and freight shipments that funnel through the 21 mile-wide channel.
Gulf nations must pin down the schedule for construction of a 1,350-mile railway from Kuwait to the Indian Ocean or risk stalling the project beyond a 2018 deadline, the United Arab Emirates public works minister said.
The biggest price swings in Thai stocks since the nation imposed capital controls in 2006 are turning Invesco Asset Management and Aberdeen Asset Management Plc into buyers on speculation that corporate profits will weather political turmoil.
Brazil became the world’s biggest soybean exporter last year even without fixing thousands of pot holes that bedevil its trucks, and without solving delays to load cargo onto ships lasting as long as three months.