SOUTH AFRICA

Reuters Magazine: Felix Salmon: The devil in the CDS

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The world of international finance is largely incomprehensible, even to its practitioners. Consequently, a whole industry, of which I am personally part, has sprung up to explain finance to the public. This makes the public think that understanding finance is something that is possible.

First Uranium 3Q Gold Sales Down 5%

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First Uranium's third-quarter gold sales dropped 5 percent and uranium production fell 14 percent from the prior quarter due to accidents at its Ezulwini mine in South Africa, and the miner cut its full-year gold production forecast.
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Reuters Magazine: The Elephants in the Davos Ski Lodge

The epic global shifts of 2011 transformed the political, economic, and social landscape from Shanghai to Sao Paolo, Washington to Cairo. No leader is safe from the vagaries of social unrest; no economy (not even China's) is unaffected by contagion from an over-leveraged, under-managed euro zone. No country is immune from the threat of asymmetric attacks - anything from a terrorist bomb to cybe...
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About one in five workers worldwide telecommute: poll

About one in five workers around the globe, particularly employees in the Middle East, Latin America and Asia, telecommute frequently and nearly 10 percent work from home every day, according to a new Ipsos/Reuters poll.
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Mail Aims to Raise State's Share in Mining Projects

Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
Brittany Kerr

Brittany Kerr, Charlotte Bobcats Dancer: ‘American Idol’ Audition Leads to Crazed Photo Search [PHOTOS]

Beautiful Brittany Kerr, who is a dancer for the Charlotte Bobcats, had no idea what a frenzy her American Idol audition would cause. Kerr, a stunning NBA dancer and singing hopeful who resembles former Idol contestant Carrie Underwood, caused quite the stir after her American Idol audition aired last week on FOX. A massive traffic influx of thousands of fans searching for her photos crashed Kerr's manager's Web site.
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Emerging markets boost beer sales for SABMiller

Global brewer SABMiller reported a 3 percent rise in beer volumes in the last three months of 2011, as growth in African and Latin American markets helped offset falls in North America and Europe.
IMF head Christine Lagarde gestures during a news conference at the G20 meeting at the ministry in Paris

IMF Seeks More Funds for Europe Rescue; U.S. Wary

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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IMF Seeks More Funds for Europe

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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IMF seeks more funds

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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Costa Concordia: Acts of Cowardice and Bravery by Past Captains

The cowardly act of the Costa Concordia's captain, Francesco Schettino, who has been accused of abandoning the sinking ship, leaving more than 4,200 passengers onboard, has added another unsavory chapter to the less reputable parts of maritime history. Fortunately, the seas have examples of bravery as well. If the above cases pointed to instances of cowardice and shame, there are incidents where the heroism of the captains onboard sinking ships has become legendary.
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Goldplat Pours First Bar of Gold in Kenya

Africa-focused gold producer Goldplat has poured the first bar of gold from its Kilimapesa mine in Kenya, marking the beginning of production in the east African country's first gold project, the company said on Tuesday.
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Analysis: Ditch the assumption developed economies are safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.
Picture illustration shows a one euro coin on a flat screen displaying exchange rates in Rome

Ditch the Assumption that Developed Economies Safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.
Martin Luther King  Kr.

Martin Luther King Jr. Last Speech: 'I've Been to The Mountaintop' [VIDEO & FULL TEXT]

Most people commemorating Martin Luther King Jr. Day turn to his iconic I Have a Dream speech. But King gave another famous speech the night before he died, known as the Promised Land or Mountaintop speech. In it, he alluded to his imminent assassination and the legacy he would leave behind. Listen to the audio file, watch the video, and read the full text of Dr. King's final speech here.
Platinum bar

Lonmin Loses Prospecting Appeal in South Africa

South Africa's Department of Mineral Resources has rejected an appeal by platinum miner Lonmin over a prospecting right on part of its mining area granted to a third party, Keysha Investments.
Avion Gold mine blasting

Gold Climbs to Highest in a Month on Chinese Demand

Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.

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