* Obama seen continuing with economic stimulus * Attention shifts to resolving U.S. "fiscal cliff" * Indian gold imports slow By David Brough LONDON, Nov 7 (Reuters) - Gold's rally to two week highs after U.S. President Barack Obama's re-election fizzled out on Wednesday, with the dollar seen as a safe-haven as investor focus shifted quickly to U.S. fiscal … [Read more...] about PRECIOUS-Gold turns lower; dollar bounces back on fiscal concern
reuters
Obama triumph raises hope of fresh start with Africa
* Obama re-election fails to bring jubilation seen in 2008 * President urged to focus on Africa education, health * People hope Obama may visit Africa again, babies named after him By Njuwa Maina and Ben Makori KOGELO, Kenya, Nov 7 (Reuters) - Kenyans in Barack Obama's ancestral homeland stayed up all night and danced with joy on Wednesday as America's first … [Read more...] about Obama triumph raises hope of fresh start with Africa
TEXT-S&P cuts New Reclamation Group to ‘SD’
Overview -- South-Africa based recycler New Reclamation Group Pty Ltd. (Reclam) recently announced that between April and October 2012, it acquired 24% of its outstanding secured notes in the open market at a significant discount of about 25%. -- We consider that these buybacks constitute a distressed exchange because of Reclam's weak liquidity and our uncertainty … [Read more...] about TEXT-S&P cuts New Reclamation Group to ‘SD’
UPDATE 2-Nigeria wins ratings upgrade for tight fiscal policy
* SP now in line with Fitch, Moody's assigns Nigeria rating * Forex reserves higher on oil prices, scrapped subsidy * Political tensions, insecurity main risks to ratings By Joe Brock ABUJA, Nov 7 (Reuters) - Standard Poor's upgraded Nigeria's credit rating on Wednesday because of improved financial stability and optimism over reforms to the banking … [Read more...] about UPDATE 2-Nigeria wins ratings upgrade for tight fiscal policy
S.Africa’s rand gives back gains, current account gap weighs
JOHANNESBURG Nov 7 (Reuters) - South Africa's rand turned weaker against the dollar on Wednesday as an early boost to emerging markets from Barack Obama's re-election as U.S. president waned and worries about the local economy persisted. Government bonds were largely steady, with yields anchored by market expectations that a re-weighting of the consumer price basket could … [Read more...] about S.Africa’s rand gives back gains, current account gap weighs
