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UPDATE 2-S.Africa's Famous Brands to enter Ghana, earnings up

JOHANNESBURG, May 25- South African fast-food restaurant group Famous Brands plans to enter Ghana this year as part of its drive to grow beyond a domestic market held back by high unemployment and sharply rising electricity costs. However the company, which runs Steers, Debonairs Pizza and Wimpy restaurants, said on Monday it was pulling out of India less than...
Source: Reuters | By: TJ Strydom
Once vilified, BP now getting credit for gulf tourism boom

ORANGE BEACH, Ala.- With the Memorial Day holiday just around the corner, fallout from the oil spill that left Gulf Coast beaches smeared with gooey tar balls and scared away visitors in 2010 is being credited, oddly, with something no one imagined back then: An increase in tourism in the region. Questions remain about the long-term environmental impacts of the BP...
Source: The Associated Press | By: By JAY REEVES, Associated Press
UPDATE 2-Low sugar prices hurt S.Africa's Illovo Sugar, Tongaat

JOHANNESBURG, May 25- Illovo Sugar Ltd and Tongaat Hullett, Africa's two biggest producers of the sweetener, reported weaker full-year profits on Monday, blaming softer global prices and lower output, sending their shares sliding. Lower export prices to key regions such as the European Union were worsened by the weakening of the euro and the Brazilian real as...
Source: Reuters | By: Zandi Shabalala
The Chinese want to challenge Apple on its home turf

Apple has continued to make its presence felt on the global smartphone market but there's a group of players looking to tackle the U.S. giant on its home turf - the Chinese.
Source: CNBC.com | By: Arjun Kharpal
Nikkei, Shanghai Comp clinch fresh multi-year highs

Stock markets in Asia mostly rise on Monday, with Tokyo and Shanghai scoring fresh multi-year highs.
Source: CNBC.com | By: See Kit Tang
European shares flat amid low volumes, Greece fears

European equities traded flat on Monday amid low volumes as a number of markets are closed for the holiday weekend, while Asian stocks spiked to multi-year highs.
Source: CNBC.com | By: Jenny Cosgrave
COLUMN-China boosts oil trading visibility, market power: Russell

SINGAPORE, May 25- If you are looking for evidence that China is becoming more assertive in the global economy, then the trading of physical crude oil in Asia is a good example. Chinaoil, the trading arm of state-controlled giant PetroChina, bought a record 55 cargoes in the Middle East crude market in April, beating its previous high of 47 in October last year.
Source: Reuters
Shanghai stocks see biggest rise in 4 months due to $318 bln investment plan

SHANGHAI, May 25- Shanghai's benchmark stock index posted its biggest gain in four months on Monday, led by infrastructure and transport shares, after Beijing invited private investors to help build $318 billion of projects ranging from highways to tunnels. China's state planning agency on Monday released a list of more than 1,000 proposed projects...
Source: Reuters
What's the biggest driver of euro this week?

The euro kicked off the week weaker as a rejuvenated greenback and persisting Greek debt woes kept the currency under pressure.
Source: CNBC.com | By: CNBC.com staff
China stocks jump as Beijing's investment plans buoy infrastructure

*CSI300 +2.0 pct; SSEC +2.3 pct; Hong Kong on holiday. SHANGHAI, May 25- China stocks jumped to fresh seven-year highs on Monday morning, led by infrastructure and transport stocks, after Beijing said it is seeking private funding for over $300 billion worth of public projects. "These PPP projects would be a boon to the infrastructure sector, which also benefits from...
Source: Reuters | By: Samuel Shen and Pete Sweeney