SOUTH AFRICA

S.Africa's PMI edges up to 50.7 in September

A man (L) walks past a branch of South African retailer Pick n Pay in Johannesburg
South Africa's Purchasing Managers' Index edged up to 50.7 in September from 46.7 in August, the second consecutive monthly rise and pushing above contractionary territory for the first time since June, sponsor Kagiso Securities said on Monday.
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Zambia's New Govt Wants More of Foreign Miners' Revenue

New Zambian President Michael Sata fired his respected central bank governor on Thursday and his new mines minister floated plans to boost tax receipts from mining companies, rattling investors in Africa's biggest copper producer.

Developing Nations Also Eye Space as China Launches First Space Lab

China has embarked on a plan to launch a new space lab on Thursday beginning with the lift off of its 8.5-ton Tiangong-1 space module. Developing nations across the world are launching space and science research that could put them on the path to charting their own future.
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AngloGold Ashanti to Invest $250M/Year in Brazil

South African gold miner Anglogold Ashanti will invest $250 million each year through 2016 to raise its Brazilian output of the precious metal by two thirds, its chief executive said on Wednesday.
A South African child holds a 50 rand note in a file photo

S.Africa's rand up 3 pct vs. dollar, bonds follow

South Africa's rand firmed over three percent on the dollar on Tuesday and was the biggest gainer in a basket of emerging market currencies watched by Reuters, as investors returned to riskier assets on hopes Europe's debt crisis will be solved.
Johannesburg stock exchange

SAfrica stocks surge to biggest gain in 16 months

South African stocks surged nearly 4 percent on Tuesday, booking their biggest one-day percentage rise in 16 months, as beaten down shares were lifted by renewed optimism that Europe would deal with its debt crisis.
France's President Nicolas Sarkozy

G20 Seeks Ways to Boost Jobs in Face of Gloomy Outlook

G20 labor ministers meeting on Monday and Tuesday in Paris face the tricky task of trying to boost job creation in the face of a fast-deteriorating economic outlook without undermining already strained public finances.
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Bill Gates backs financial transaction tax to aid poor

A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters.
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Gates backs financial transaction tax to aid poor

A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters.
Greece must shrink state to avoid default: lenders

Global Recession 2011: It's Real, and It's Going to Hurt

Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.

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