SOUTH AFRICA

Demonstrators protest xenophobia in South Africa

Somali shopkeeper in South Africa
In a rare and unusual protest, women marched in Johannesburg, South Africa Thursday protesting xenophobic attacks on foreign immigrants, primarily Somalis and Pakistanis, many of whom have set up shops in the shanty towns.

Wal-Mart seeks to reassure investors on growth

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Wal-Mart Stores Inc is trying to reassure employees and investors on Friday that the company can reach out to shoppers online, on their phones and in small and large stores to drive growth.
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India source: no sign yet of joint BRICS IMF candidate

There has been no sign yet of a joint candidate from the developing countries of Brazil, Russia, India, China and South Africa to head the International Monetary Fund, an Indian government source told Reuters on Friday.
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India urges for joint IMF candidate from BRICs

India is talking with other emerging nations to build support for a common candidate for a developing economy to be the next head of the International Monetary Fund, with Mexico's Central bank chief being a possibility, said two government sources, reported Reuters.

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

Post Strauss-Khan: Who will be the new leader at the IMF?

After the resignation of Dominique Strauss Khan following an arrest for sexual assault, the next question is who will be the next person to lead the International Monetary Fund, responsible for reducing poverty and promoting stability and sustainable economic growth around the world?
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Vodafone's upbeat tone surprises after sector woe

Vodafone, the world's largest mobile operator by revenue, surprised investors with an upbeat outlook for 2012 on Tuesday after posting resilient results driven by customers upgrading to smartphones.
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Vodafone surprises with bullish outlook

Vodafone, the world's largest mobile operator by revenue, issued a bullish outlook for 2012 on Tuesday after posting resilient full-year results boosted by customers upgrading to smartphones.
Dominique Strauss-Kahn

Dominique Strauss-Kahn: The Great Seducer

Dominique Strauss-Kahn, who was detained in New York on Saturday night on suspicions of committing a sexual assault on a hotel maid, is no stranger to such scandals.

Bin Laden Deserved Fair Trial, Not Execution: Iran

The Secretary General of Iran’s Supreme Council for Human Rights, Mohammad Javad Larijani, said the Al-Qaeda chieftain deserved to have a fair trial rather than face a “unilateral execution” by American commandos.

Rise and rise of gold: Will prices hit $2,500 on 'insatiable' Chinese demand?

Investors around the world, more so the Chinese, are buying up gold assets to cover against rising inflation risk, macroeconomic uncertainties, a possible currency doom and the ever worsening U.S. debt scenario. The gargantuan demand from China can cause the yellow metal's prices to skyrocket, analysts feel. If the Chinese buying trend is ably supplemented with a fall in the value of dollar, this could result in a skyrocketing of prices.
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Wal-Mart CEO seeing progress in the U.S. business

Wal-Mart Stores Inc is making progress bringing items and shoppers back to its U.S. stores, and turning around U.S. sales remains its top priority, President and Chief Executive Mike Duke said on Tuesday.
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China premium car market prize worth the hurdles

Luxury car makers that have learned the ropes in the familiar markets of Europe and the United States are having to adapt to new ways in China, but with the market expected to boom, they have little choice but to get on board.

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