Finance news

• RPT-Clive Palmer nickel plant closed for at least eight weeks

  13-03-2016 23:19
  
  SYDNEY, March 13 (Reuters) - Australian mining magnate Clive
  Palmer said on Sunday his nickel refinery in Queensland will be
  idle for at least eight weeks, due to a lack of ore and because
  government...
  
  Read more

• Why Clinton Needs a Strong Showing Tuesday After Michigan Disaster

  13-03-2016 23:05 via news.yahoo.com
  
  After leading Sanders by as much as 20 points in Michigan, Clinton lost by two percentage points last Tuesday after Sanders hit her hard on trade and the millions of dollars in speaking fees she accepted from Goldman Sachs and other Wall Street banks after leaving government.
  
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• Brazilians return with force to streets to demand Rousseff's exit

  13-03-2016 18:28 via news.yahoo.com
  
  By Daniel Flynn and Alonso Soto SAO PAULO/BRASILIA (Reuters) - Protesters poured en masse onto the streets of Brazil's major cities on Sunday to demand the removal of President Dilma Rousseff, raising the stakes for the leftist leader as she struggles to pull the country out of its worst political and economic crisis in a generation. The demonstrations were the latest in a wave of anti-government rallies that lost momentum late last year but has gained strength as a sweeping corruption investiga
  
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• 'Big 5' off the cards as South Africa closes 2016 leopard hunting season

  13-03-2016 11:10 via news.yahoo.com
  
  For the first time in decades, hunters with deep pockets cannot target the so-called "Big 5" game animals in South Africa because the government has imposed a ban on leopard hunts for the 2016 season. South African Environment Minister Edna Molewa is a vocal advocate of the hunting industry, which the government estimates contributes 6.2 billion rand ($410 million) annually to Africa's most advanced economy. Leopard is one of five game most desired by hunters, along with lion, rhino, buffalo and
  
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• Central Asia strongman regimes challenged by stuttering economies

  13-03-2016 11:01 via news.yahoo.com
  
  Pensioner Anna Kovalyova, 63, would struggle to make ends meet on her pension worth $250 if it was not for the subsidies from the authorities in Turkmenistan that make water, gas and electricity almost free. "In 25 years of independence our country has proven that it does not cast its citizens adrift," Kovalyova, a former employee of the government, told AFP. For years the government of isolated Turkmenistan was happy to claim credit for the country's double-digit economic growth as its vast gas
  
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• MIDEAST STOCKS-Saudi, Egypt rise in early trade

  13-03-2016 10:44 via news.yahoo.com
  
  Petrochemical shares buoyed Riyadh's stock index early on Sunday after oil steadied over $40 a barrel, while Egypt's stock market headed for a seventh straight day of gains after the government took steps to help manufacturers. The petrochemical sector added 0.9 percent, with Saudi Basic Industries 0.7 percent higher. Saudi Arabia Fertilizers (SAFCO) said it was considering taking full control of chemical fertiliser producer National Chemical Fertilizers Co (Ibn Al-Bayttar) by buying out SABIC's
  
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• S. Africa, Nigeria: African giants battle for economic supremacy

  13-03-2016 10:38 via news.yahoo.com
  
  When South Africa's President Jacob Zuma visited Nigeria last week he was on a delicate mission to mend rifts between the continent's two economic powerhouses. From economic rivalry to political friction, relations between South Africa and Nigeria have been strained in recent years. The election of Nigeria's President Muhammadu Buhari into office last May did not immediately ease the tension.
  
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• South Africa fin min to hold post investor road show briefing on Monday

  13-03-2016 09:03 via news.yahoo.com
  
  South African Finance Minister Pravin Gordhan will hold a news briefing on Monday where he will be joined by business and labour leaders who accompanied him on an investor roadshow to London and the United States, the Treasury said on Saturday. Gordhan's trip last week took place against the backdrop of mounting concerns that Africa's most advanced economy could lose its investment-grade rating by mid-year, potentially raising borrowing costs for government and firms alike. On Tuesday credit rat
  
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• Saudi's SAFCO says eyes potential buy of SABIC's stake in joint venture

  13-03-2016 08:34
  
  DUBAI (Reuters) - Saudi Arabia Fertilizers Co(SAFCO) is considering taking full control of chemical fertilizer producer Ibn Al-Bayttar by buying out its joint venture partner Saudi Arabia Basic...
  
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• Clive Palmer nickel plant closed for at least eight weeks

  13-03-2016 02:11
  
  SYDNEY, March 13 (Reuters) - Australian mining magnate Clive
  Palmer said on Sunday his nickel refinery in Queensland will be
  idle for at least eight weeks, due to a lack of ore and because
  government...
  
  Read more

• British finance minister Osborne flags budget cuts

  13-03-2016 01:38 via news.yahoo.com
  
  British finance minister George Osborne warned Sunday of further spending cuts to come in the government budget to be unveiled this week. Osborne had slowed the pace of austerity cuts in his last spending review in November but has now clearly signalled fresh reductions are on the cards in Wednesday's budget. Official figures out last month showed that Britain's economy slowed sharply last year.
  
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