JOHANNESBURG (Reuters) – Angola’s central bank on Monday announced “extraordinary overhaul measures” for the local unit of Portugal’s Banco Espirito Santo, saying a sovereign guarantee of most of its loans would be revoked in the initial phase of this process. Provisional administrators had been named to carry out the overhaul, National Bank of Angola said … Read more
By A. Ananthalakshmi SINGAPORE (Reuters) – Gold dipped on Friday on profit-taking after a sharp overnight jump, but the metal is being supported by a wave of risk aversion after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people. Gold, seen as an alternative investment during times of geopolitical uncertainty, rose about 1.5 … Read more
By Wayne Cole SYDNEY (Reuters) – Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, drawing a sigh of relief from investors rather than outright applause. China’s economy expanded by 2.0 percent in the second quarter from the previous quarter, taking annual growth to 7.5 percent. Retail … Read more
By A. Ananthalakshmi SINGAPORE (Reuters) – Gold was trading near its lowest level in almost four weeks on Tuesday, struggling to get past sharp overnight losses triggered by profit-taking and stronger global equities that dented the metal’s safe-haven appeal. Spot gold had ticked up slightly to $1,308.90 an ounce by 0637 GMT, after sliding more than … Read more
By Hideyuki Sano TOKYO (Reuters) – Asian shares rose on Tuesday after Citigroup’s earnings and a fresh round of merger and acquisition activity in the U.S. healthcare sector lifted global stock prices. Yet, with elevated prices on Wall Street and elsewhere relying substantially on support from low interest rates, many investors were now focusing on … Read more
By A. Ananthalakshmi SINGAPORE (Reuters) – Gold ticked lower on Monday as Asian share markets gained strength, but the metal stayed close to a four-month high hit last week on safe-haven demand from escalating tensions in the Middle East and Ukraine. Spot gold fell 0.2 percent to $1,334.89 an ounce by 0301 GMT after posting its sixth straight weekly … Read more
By Julian Linden RIO DE JANEIRO (Reuters) – After a week of heavy criticism, Germany coach Joachim Loew has some reassuring news for his team’s supporters and an ominous warning for their next opponents — the best is yet to come. Speaking on the eve of Friday’s World Cup quarter-final, Loew said Germany had not … Read more
SAO TOME (Reuters) – Houston-based ERHC Energy Inc will invest around $100 million on exploration and development of one of its blocks offshore Sao Tome and Principe, the company’s president said on Thursday. ERHC signed a 28-year production sharing agreement with the National Petroleum Agency (ANP) on Wednesday for block 11, which lies in the central African island nation’s exclusive economic zone … Read more
By Iain Rogers BRASILIA (Reuters) – Midfielders Kevin-Prince Boateng and Sulley Muntari have been suspended from Ghana’s World Cup team with immediate effect after they clashed with coach Kwesi Appiah and a soccer federation (GFA) official. The GFA, who said on Wednesday they had solved a row over player appearance fees, confirmed the decisions on … Read more
By Patrick Johnston BRASILIA (Reuters) – Ghana have solved a row over World Cup appearance fees on the eve of their Group G finale against Portugal after President John Mahama intervened, the Ghana Football Association (GFA) and coach Kwesi Appiah said on Wednesday. The Africans missed training in Brasilia on Tuesday because of the row … Read more