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  • IMF chief economist says ‘maybe’ financial markets are in midst of irrational exuberance

    October 10, 2017 7:32 PM 137

    Obstfeld: There is risk of ‘adjustments in a downward direction’ The reporter put his question succinctly to Maurice Obstfeld, the chief economist at the International Monetary Fund, at his news conference Tuesday: Are financial markets being irrationally exuberant?” The phrase “irrational exuberance” became famous after former Federal Reserve Chairman

  • IMF warns of risks as it lifts global growth outlook

    October 10, 2017 7:32 PM 161

    Washington — The IMF warned policy makers not to get too comfortable even as it raised its global growth forecast amid brightening prospects in the big economies. The Washington-based lender lifted its growth outlook for the US, the eurozone, Japan and China from its last forecast in July. The recovery spans about 75% of world output, according to the IMF. The fund projects

  • Brazil revives African ties, eyes expanding market

    October 9, 2017 5:05 PM 174

    BRAZIL-AFRICA/:Brazil revives African ties, eyes expanding market BRASILIA, Oct 9 (Reuters) - Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said. Brazil's presence in Africa surged during the government

  • MTN announce new Regional Vice President

    October 7, 2017 2:21 PM 183

    CAPE TOWN – The MTN Group on Friday announced the appointment of Ebenezer Asante as Vice President (VP) of the expanded Southern & East Africa and Ghana (SEAGHA) Region. The group said the role became vacant after former VP, Godfrey Motsa, was appointed as CEO of MTN South Africa. Karl Toriola, VP for West and Central Africa (WECA) Region, has been managing

  • $0.72 EPS Expected for Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (KOF)

    October 5, 2017 3:32 PM 167

    Investors wait Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) to report on October, 24. its quarterly earnings Wall Street analysts expect $0.72 EPS, up $0.14 or 24.14 % from last year’s $0.58 same quarter earnings. This translates into $50.81M profit for KOF giving the stock a 26.47 P/E. This is assuming the current $0.72 EPS is accurate. Coca-Cola

  • South Africa's economy hurt by political and policy uncertainty

    October 4, 2017 3:30 PM 125

    PRETORIA, Oct 4 (Reuters) - South Africa's economy is growing two times less than it should be and is unlikely to reach 2 percent annual expansion in the short term due to the impact of political and policy uncertainty, the central bank said on Wednesday. The Reserve Bank, which in June faced pressure to switch its mandate to economic growth from targeting

  • Factors to Watch on Sept 28

    September 28, 2017 5:01 AM 140

    ISTANBUL, Sept 28 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday. The lira stood at 3.5875 against the U.S. dollar at 0457 GMT, weakening from 3.5770 at Wednesday's close. The yield on the benchmark 10-year bond was at 11.03 percent in spot trade on Wednesday and rose to 11.06 percent in Thursday-dated

  • Namibia boasts its first 5-star green building

    September 27, 2017 3:36 PM 138

    Cape Town - Earlier this year it was announced that FNB Namibia Holdings’ @Parkside building in Windhoek achieved the first 4-Star Green Star design rating in Namibia and was aiming towards an "As Built" rating. With further innovations, this has been achieved and the building was awarded a 5-Star Green Star Africa As Built rating by the Green Building

  • Instability and crime blamed for SA’s slide in WEF Competitiveness index

    September 27, 2017 5:16 AM 140

    WEF economist Roberto Crotty said one driver of SA’s decline was certainly the perception of political uncertainty by business leaders in SA, which had reduced confidence. Another driver was that the WEF had strengthened the survey methodology, which partially explained some of the shifts in ranking. The latest South African ranking is the lowest since

  • Satya Nadella aims to make Microsoft mighty

    September 25, 2017 8:08 PM 165

    Satya Nadella, the Microsoft CEO who kept the company relevant as its primary PC software business faded, could write a book about the challenges he faced. And he has ... but it's not a tell-all memoir. Instead, Nadella, who has worked at the company since the early 1990s, has positioned himself as the embodiment of the story Microsoft wants to tell about