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reuters

S.African transport strike hits production at General Motors

5 October 2012 By admin

JOHANNESBURG Oct 5 (Reuters) - A transport workers strike in South Africa has affected production at General Motors' manufacturing plant in the east coast city of Port Elizabeth, the company said on Friday. "We do have a contingency plan in place which is enabling us to continue to build vehicles but not at our normal production levels," he said in a statement, adding … [Read more...] about S.African transport strike hits production at General Motors

Soccer-Brazil coach criticises Argentine FA for friendly farce

5 October 2012 By admin

RIO DE JANEIRO Oct 5 (Reuters) - The Argentine FA (AFA) insulted fans by trying to stage Wednesday's friendly against Brazil in a small, provincial stadium that was cancelled by a floodlight failure, said Brazil coach Mano Menezes. The South American Football Confederation (Conmebol) said on its website (www.conmebol.com) that the countries had agreed to make a new attempt … [Read more...] about Soccer-Brazil coach criticises Argentine FA for friendly farce

UPDATE 1-EuroChem files $800mln claim against Shaft Sinkers

5 October 2012 By admin

* Claims filed for failure to complete shaft * Shares in Shaft Sinkers fall more than 7 percent MOSCOW Oct 5 (Reuters) - EuroChem, Russia's largest mineral fertilizer producer, said on Friday it had filed an $800 million compensation claim against Shaft Sinkers for delays to the building of a lift shaft at one of its potash projects. EuroChem said it had filed … [Read more...] about UPDATE 1-EuroChem files $800mln claim against Shaft Sinkers

TEXT-S&P report says outlook for EMEA forest products cos is stable

5 October 2012 By admin

Oct 05 - In a report published today, titled "Outlook Stable For European Forest Products Companies, Despite Soft Paper Markets And Economic Headwinds", Standard Poor's Ratings Services said that it anticipates broadly stable credit trends this year for the 10 forest products companies it rates in Europe, the Middle East, and Africa. This is despite challenging market … [Read more...] about TEXT-S&P report says outlook for EMEA forest products cos is stable

AFRICA MONEY-Zambia Eurobond may prove Africa turning point

5 October 2012 By admin

By Tosin Sulaiman JOHANNESBURG Oct 5 (Reuters) - Zambia is about to become an African economic trend setter. Its debut $750 million Eurobond, launched last month, was oversubscribed a spectacular 15 times and analysts say it could prove a catalyst for a wave of debt issuance from some of the fastest growing economies in the world. After a trickle of African … [Read more...] about AFRICA MONEY-Zambia Eurobond may prove Africa turning point

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