IBT Staff Reporter

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S.Africa aims for Saudi, India maize deals

South Africa expects to seal a deal with buyers in Saudi Arabia and India for about 100,000 tonnes of its surplus maize before the end of February, a senior government official said on Monday.

Kenyan shilling steady vs dollar, stocks dip

The Kenyan shilling ended unchanged on Monday against the dollar but is expected to come under pressure from end-month corporate dollar demand while stocks eased as investors sold off Kenya Power and Lighting.

Weather boosts Kenya tea output to record in 2010

Favourable weather and currencies boosted Kenya's 2010 tea crop and export earnings to record levels, and the sector overtook horticulture as the country's top hard currency earner, officials said on Monday.

Burundi says 2010 tea earnings rise 17 pct

Burundi's 2010 tea earnings rose 17 percent from the previous year, helped by increased output and higher prices on the world market, the country's tea board said on Monday.

Cocoa soars on Ivorian export ban, Cargill complies

Cocoa surged to near its highest price in 30 years as U.S. trader Cargill complied with demands for an export ban from top producer Ivory Coast by Alassane Ouattara, who aims to stop cash reaching his presidential rival.

South Africa floods kill more than 100

Flooding in South Africa has killed more than 100 people over the last month, saturating farms in the major food producer for the continent and leading the government to declare 33 municipalities disaster areas.

Gunmen kill soldier in northeastern Nigeria

Gunmen have killed a soldier guarding a church in northeastern Nigeria, the army said on Monday, the latest in a string of attacks in a region with a history of religious violence.

Nigeria wants UN backing for force in Ivory Coast

Nigeria wants U.N. backing for military intervention in Ivory Coast to prevent it slipping into a civil war that could destabilise the West African region, Foreign Minister Odein Ajumogobia said on Monday.

Steel Dynamics lags Street; upbeat on 2011

Steel Dynamics Inc's quarterly profit lagged market estimates for the third time in a row on lower volumes and pricing, but the company sees higher volumes at its steel and metals recycling sectors in 2011 as the U.S. economy improves.

RadioShack CEO to retire, sees weak Q4 profit

RadioShack Corp said its Chief Executive Julian Day plans to retire at its annual shareholder meeting slated for the week of May 16 and forecast a weak fourth-quarter profit, sending its shares down 11 percent.

Treasury offers warrants to buy Citigroup stock

The U.S. Treasury Department announced on Monday that will offer two groups of warrants to buy stock in Citigroup Inc. that it obtained as part of the bailout of the bank during the financial crisis.

Dow higher on Intel dividend, S&P, Nasdaq flat

The S&P and Nasdaq were little changed on Monday as mixed corporate results left investors with little to embrace after the end of a multi-week rally, though the Dow gained modestly on Intel's higher dividend.

Blocking ‘rogue’ gene could stop cancer spread

Scientists in the United Kingdom have identified a “rogue” gene that attacks and breaks down a naturally-occurring protein in the body which normally prevents cancer cells spreading. By blocking the WWP2 gene, which is an enzymic bonding agent found inside cancer cells, levels of the natural inhibitor are boosted and the cancer cells remain dormant.

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