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| Kenyan FinMin says debut Eurobond could go as high as $2 billion Tuesday, Sep 03, 2013 12:23 AM PDT  NAIROBI (Reuters) - Kenya could seek as much as $2 billion dollars from a debut Eurobond issue, double the previously stated $1 billion, the country's finance minister said on Tuesday. "Once we prepare the documentation we will firm up the numbers. It will be more than $1 billion dollars but not more than $2 billion," Treasury Secretary Henry Rotich told Reuters. Kenya, east Africa's biggest economy, has said it expects to tap international debt markets before the end of 2013. Full Story | Top |
| Japan PM to take into account BOJ tankan on tax hike decision: Amari Tuesday, Sep 03, 2013 12:21 AM PDT  TOKYO (Reuters) - A decision on whether to proceed with a planned increase in Japan's sales tax will be made in early October after taking into account the central bank's "tankan" business sentiment survey, Prime Minister Shinzo Abe was quoted as saying on Tuesday by Economics Minister Akira Amari . Amari was submitting a summary of last week's hearing of academics and business executives on whether to raise the sales tax. The Bank of Japan's tankan, a closely-watched quarterly survey, is due on October 1. (Reporting by Leika Kihara; Editing by Shinichi Saoshiro) Full Story | Top |
| Vodafone shares open 1.2 percent down after Verizon deal agreed Tuesday, Sep 03, 2013 12:14 AM PDT  LONDON (Reuters) - Shares in Vodafone opened 1.2 percent down on Tuesday after Verizon Communications agreed to pay $130 billion to buy the British company out of its U.S. wireless business, Verizon Wireless. Vodafone shares fell to 209.5 pence, valuing the company at around 101 billion pounds ($157.20 billion). Vodafone shares had risen to their highest level since April 2001 on Monday. Verizon Communications agreed on Monday to buy Vodafone out of Verizon Wireless in a cash and shares agreement - history's third largest corporate deal. ... Full Story | Top |
| Rodman returns to Pyongyang but says won't bring back jailed American Tuesday, Sep 03, 2013 12:10 AM PDT  By James Pearson and Megha Rajagopalan SINGAPORE/BEIJING (Reuters) - Flamboyant former basketball star Dennis Rodman left for North Korea on Tuesday for a five-day visit, his second this year, but said he had no plans to negotiate the release of a jailed American missionary. There had been speculation that Rodman, who met North Korean leader Kim Jong-un in March, would secure the release of Kenneth Bae, who was jailed for 15 years for trying to overthrow the North Korean government. ... Full Story | Top |
| Spain's registered jobless in August holds steady at 4.7 million Tuesday, Sep 03, 2013 12:03 AM PDT  MADRID (Reuters) - The number of people registered as jobless in Spain in August marginally declined from a month earlier, falling by just 31 people, data from the Labour Ministry showed on Tuesday. August's slight decline marks the sixth straight month of falling figures, leaving 4.7 million people out of work. (Reporting by Paul Day; Editing by Sonya Dowsett) Full Story | Top |
| Nissan says August China auto sales up one percent Tuesday, Sep 03, 2013 12:00 AM PDT  SHANGHAI (Reuters) - Nissan Motor Co Ltd and its local joint-venture sold 86,000 automobiles in China in August, up 1 percent from a year earlier, the Japanese automaker said on Tuesday. That follows a 1.8 percent year-on-year rise in July and a 7.7 percent decline in June. In the first eight months of this year, Nissan sold a total of 768,500 vehicles, down 6.3 percent from a year earlier. Nissan makes vehicles in China in partnership with Dongfeng Automobile Group Co . (Reporting by Samuel Shen and Kazunori Takada) Full Story | Top |
| Kenya's Uchumi Supermarkets posts 20 pct jump in FY profit Monday, Sep 02, 2013 11:52 PM PDT  NAIROBI (Reuters) - Pretax profit at Kenya's Uchumi Supermarkets rose 20 percent to 485.9 million shillings in the year ended June, the company reported on Tuesday. It posted earnings per share of 1.35 shillings against 1.03 shillings last year. Full Story | Top |
| Ecobank CEO forgoes bonus pending Nigeria investigation Monday, Sep 02, 2013 11:50 PM PDT LAGOS (Reuters) - The CEO of African lender Ecobank has forgone his bonus as part of efforts to rebuild confidence after Nigeria's SEC said it was investigating corporate governance issues at the bank, a spokesman said on Monday. Ecobank Chief Executive Officer Thierry Tanoh has passed up his bonus award and "reverted to the original terms of his contract," bank spokesman Jeremy Reynolds said in an email to Reuters. He did not specify the size of the bonus. ... Full Story | Top |
| Kenya's Mumias Sugar falls to $26 mln full-year loss Monday, Sep 02, 2013 11:45 PM PDT  NAIROBI (Reuters) - Kenya's Mumias Sugar fell to a 2.24 billion shilling pretax loss in the year through June after a 20 percent fall in revenue, but was confident of returning to profit soon, the company said on Tuesday. "The global and regional sugar supply has increased, resulting in much lower selling prices which further (hit) ... turnover when coupled with low production," Mumias said in a statement. "Cheap sugar imports also served to depress prices." Full Story | Top |
| South Africa's rand steady ahead of gold strike Monday, Sep 02, 2013 11:44 PM PDT  JOHANNESBURG (Reuters) - South Africa's rand was steady against the dollar on Tuesday ahead of a strike in the gold sector and a week of key data releases in the United States. The rand was at 10.2650 to the dollar at 0556 GMT, little changed from its close in New York on Monday. The National Union of Mineworkers (NUM), which represents about two-thirds of more than 120,000 unionised gold miners in Africa's biggest economy, is set to strike from Tuesday. The shutdown could cost South Africa more than $35 million a day in lost output . ... Full Story | Top |
| PetroChina supplier Wison says chairman 'assisting probe' Monday, Sep 02, 2013 11:42 PM PDT  HONG KONG/BEIJING (Reuters) - The chairman of a Chinese oil engineering firm is helping the authorities with an unspecified investigation, the company said on Tuesday, amid a widening corruption probe into PetroChina , one of its major customers. Hong Kong-listed Wison Engineering Services Co Ltd said chairman and controlling shareholder Hua Bangsong "is assisting relevant authorities" who were conducting an investigation after sharp falls in Wison's share price. ... Full Story | Top |
| Asia markets rise on upbeat global data; yen eases Monday, Sep 02, 2013 11:40 PM PDT  By Lisa Twaronite and Wayne Cole TOKYO/ SYDNEY (Reuters) - A spate of upbeat economic data powered Asian markets on Tuesday and will likely support European shares as well, while gold and the yen lost some of their safe-haven appeal as the U.S. delayed a possible strike on Syria. Financial spreadbetters expect Britain's FTSE 100 to open up 4 to 8 points, or as much as 0.1 percent; Germany's DAX to gain 3 to 10 points, or as much as 0.1 percent; and France's CAC 40 to ease by 3 to 8 points, or as much as 0.2 percent. ... Full Story | Top |
| Swiss economy powers ahead in second quarter Monday, Sep 02, 2013 11:35 PM PDT  ZURICH (Reuters) - The Swiss economy expanded by a better than expected 0.5 percent in the second quarter, data showed on Tuesday, adding to signs of a strong recovery as private consumption picked up and spending on machinery grew. Analysts polled by Reuters had forecast quarterly growth of 0.3 percent. At 0.6 percent, the growth rate had also in exceeded expectations in the first quarter. "It's a very good reading - much better than expected. It seems the Swiss economy is ticking along and solid consumption is the reason," said Alessandro Bee at J. Safra Sarasin. ... Full Story | Top |
| Microsoft to buy Nokia's handset business for $7.2 billion Monday, Sep 02, 2013 11:24 PM PDT  By Terhi Kinnunen and Bill Rigby HELSINKI/SEATTLE (Reuters) - Microsoft Corp said it will buy Nokia Oyj's phone business and license its patents for 5.44 billion euros ($7.2 billion), making its boldest foray yet into mobile devices and bringing executive Stephen Elop back into the fold. ... Full Story | Top |
| Honda says August China auto sales down 2.5 percent on year Monday, Sep 02, 2013 11:10 PM PDT  SHANGHAI (Reuters) - Honda Motor Co Ltd and its two local joint-ventures sold 55,553 automobiles in China in August, down 2.5 percent from a year earlier, the Japanese automaker said on Tuesday. That follows a 1.7 percent year-on-year decline in July and a 5.6 percent fall in June. In the first eight months of this year, through the end of August, Honda sold a total of 423,271 vehicles, down 2.9 percent from a year earlier. Honda makes vehicles in China in partnership with Dongfeng Motor Group Co and Guangzhou Automobile Group Co . (Reporting by Samuel Shen and Kazunori Takada) Full Story | Top |
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