ECONOMY & MARKETS

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Kenya shilling stable vs dollar, stocks down

The Kenyan shilling was stable against the dollar on Monday and was seen firming due to a squeeze on shilling liquidity in the money markets, while stocks edged lower for a second session.

Tanzania inflation jumps, upward momentum seen

Tanzania's inflation rose for the ninth successive month in July on the back of higher food and energy costs and analysts said it was set to keep rising due to a poor supply outlook for staple foods and the cost of importing oil.
One kilogram gold bars are seen in this picture illustration

Gold Likely to Hit New Highs This Year

The continuing sovereign debt crisis in the eurozone and S&P?s downgrade of the U.S. credit rating have increased the safe haven demand for gold and the prices have reached new highs. But investors remain skeptical whether there could be further rally in the price.
Gold and platinum Visa cards are displayed in New York

Visa on the Offensive: Analyst

Jefferies recently met with Visa Inc. (NYSE: V) management and felt the sessions were upbeat in terms of Visa's competitive positioning, product strategy, post-Durbin initiatives, business model resiliency (regardless of macro climate), and robust, highly visible EPS growth.
100 dollar bank notes and 10,000 yen notes.

Japan on Cusp of Recovery after Q2, but Yen Clouds Outlook

Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.
Congo

Congo non-oil revenues up, crude output seen slipping

The Republic of Congo's non-crude revenues rose 25 percent to 500 billion CFA Francs in the first-half of the year, Congo's president Denis Sassou N'Guesso said on Friday, adding the economy needed to ease its reliance on an oil industry poised for decline.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa's rand steadies, stocks rise

South Africa's rand steadied against the dollar on Friday but faced further losses after a turbulent week in which it hit its weakest levels in more than a year as investors spooked by debt woes in the U.S. and Europe fled to safer havens like the yen.
U.S. Stock Market

U.S. Stock Market: After a Wild Week, What?s Next?

After a week of gyrations that's seen the Dow Jones Industrial Average rise or fall 400 points for four straight days, it's understandable if U.S. investors are bewildered. Given the tumult, what stance should investors adopt now?

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