Reuters: Investing News

Geneva anti-WTO protesters smash windows, burn cars

Sat, 28 Nov 2009 16:29:24 +0000

GENEVA (Reuters) - Anti-capitalism protesters smashed the windows of banks, shops and cafes in central Geneva and set cars on fire on Saturday during a demonstration against the World Trade Organisation.

Abu Dhabi to aid Dubai on "case by case" basis

Sat, 28 Nov 2009 12:14:34 +0000

ABU DHABI (Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbour Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.

Mauritius bank chief ready to step aside briefly

Sat, 28 Nov 2009 09:40:30 +0000

PORT LOUIS (Reuters) - Mauritius' embattled central bank chief has said he will step aside temporarily to help an inquiry into accusations that he abused expenses, if the Indian Ocean island's prime minister asked him to do so.

Zambia 2009 annual inflation seen down at 10 pct

Sat, 28 Nov 2009 10:46:14 +0000

LUSAKA (Reuters) - Zambia has revised its end-December 2009 annual inflation forecast to 10 percent from the previous figure of 12 percent due mainly to falling food prices, central bank governor Caleb Fundanga said on Saturday.

UAE Banks risk credibility loss on Dubai exposures

Sat, 28 Nov 2009 12:52:42 +0000

DUBAI (Reuters) - The credibility of the United Arab Emirates finance sector will suffer unless the authorities and lenders move quickly to assuage fears that Dubai's debt trouble are spiralling out of control, analysts and bankers say.

US stocks drop, dollar gains on Dubai worry

Sat, 28 Nov 2009 09:16:52 +0000

NEW YORK (Reuters) - Fears of a possible Dubai debt default rippled through markets for a second day on Friday, but the exodus from stocks and rush to the safe-haven U.S. dollar slowed as investors discounted contagion.

Commodities plunge on Dubai crisis but end off lows

Sat, 28 Nov 2009 09:15:26 +0000

NEW YORK/LONDON (Reuters) - Commodities plunged on Friday as investors recoiled from risk and piled into dollars amid fears of a Dubai debt default, which served as a reminder of the turmoil created by the global financial crisis.

Dollar gains on Dubai woes; yen off 14-year high

Sat, 28 Nov 2009 09:00:56 +0000

NEW YORK (Reuters) - The dollar rose against the euro and a basket of currencies on Friday as fears of a possible Dubai debt default boosted the greenback's safe-haven appeal.

Poor rains to lower Mozambique 2009 sugar output

Fri, 27 Nov 2009 13:29:04 +0000

MAPUTO (Reuters) - Mozambique may not achieve its targeted sugar output of 419,208 tonnes for 2009 despite recording a significant increase in production for the third quarter to end-September, a government agency said on Friday.

De Beers expects banks to renew $1.5 bln facility

Fri, 27 Nov 2009 16:14:03 +0000

LONDON (Reuters) - De Beers, the world's largest diamond producer, expects banks to renew its $1.5 billion debt facility before it comes due in March next year, the firm said on Friday.