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About 41 results. Sort By: Date | Relevance
AFRICA BUSINESS-Nigeria firms ease access to labour market for unemployed youths

LAGOS, Sept 2- A year ago, computer science graduate Tolulope Komolafe was among the millions of young Nigerians unable to find full-time work. Fortunately, she was able to live with her brother in their Lagos home and avoid having to survive on her meagre income. Komolafe, 25, now works for Andela, a Lagos- based company that trains computer programmers and...
Source: Reuters | By: Alexis Akwagyiram
China's soft patch may put big dent in tech stocks

A stimulus from the Chinese government may not buffer big tech companies like Apple and Cisco from a slowdown in China sales. USA Today reports.
Source: USA Today | By: John Shinal
PRECIOUS-Gold steady after 4-day gain, awaiting signal on U.S. rates

*Gold steadies after 4- day advance as Fed clues awaited. LONDON, Sept 2- Gold steadied on Wednesday after a four-day rally, as uncertainty over the timing of a looming U.S. rate hike kept a lid on prices, with a retreat in stocks after weak U.S., Chinese and European manufacturing data lending some support. Gold has risen 2 percent since a sharp slide last week bottomed...
Source: Reuters | By: Jan Harvey
Beware of recent short squeeze oil rally: Kilduff

Oil expert John Kilduff, who's been correctly calling crude's plunge, tells CNBC the recent surge higher in prices won't continue.
Source: CNBC.com | By: Matthew J. Belvedere
Portugal struggles to sell rescued bank

LISBON, Portugal- Portugal is having trouble selling Novo Banco, the so-called good bank salvaged from last year's collapse of major lender Banco Espirito Santo. Novo Banco received 4.9 billion euros from a so-called bank resolution fund, a mechanism adopted during the eurozone debt crisis to support the financial sector. Also, the center-right government,...
Source: The Associated Press
Asian LNG price faces steep fall as perfect storm brews

SINGAPORE, Aug 31- Asian liquefied natural gas prices could fall a further 25 percent in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years. Asia's LNG market has already fared worse than slumping oil markets, with spot prices down 60 percent since 2014 to $8 per...
Source: Reuters | By: Henning Gloystein and Jacob Gronholt-Pedersen
FOREX-Dollar sags vs yen and euro, on track for monthly loss

TOKYO/ SINGAPORE, Aug 31- The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. But it was well above a seven-month low of 92.621 plumbed a week ago as fears of a sharp economic slowdown in China sent global equities markets plunging. The euro rose 0.6 percent to $1.1249, below last...
Source: Reuters | By: Lisa Twaronite and Masayuki Kitano
Nikkei slumps as soft industrial ouput data, Fed rate view sour mood

*Fujitsu outperforms after brokerage rating hike. TOKYO, Aug 31- Japanese stocks skidded on Monday morning, hurt by soft domestic industrial output data and concerns the U.S. Federal Reserve might yet raise interest rates next month even as anxiety over a China- led global economic slowdown persists.
Source: Reuters | By: Ayai Tomisawa
EXCLUSIVE-China aluminium shake-up planned in state reform push

HONG KONG, Aug 28- China is trying to push its two biggest aluminium businesses together as part of a planned shake-up of state-owned enterprises, industry sources said, a move that would create the world's largest aluminium maker. Power company State Power Investment Corp is in talks to hive off its aluminium assets to Aluminum Corp of China, allowing SPI to...
Source: Reuters | By: Polly Yam
COLUMN-Currency moves to tag-team El Nino in Asia rice markets: Russell

LAUNCESTON, Australia, Aug 28- Market wisdom is that Asian rice prices are set to rally as El Nino cuts output and bulging stockpiles are steadily eroded. Benchmark Thai 5- percent broken white rice staged a 10 percent rally from a 7 1/ 2- year low of $367.50 a tonne on June 24 to a recent peak of $405 on July 17. It's much the same situation for Thailand's regional...
Source: Reuters | By: Clyde Russell