ROME, Oct 3 (Reuters) – An Italian court on Wednesday sentenced a man to 12 years in jail for shooting and wounding six African migrants in a racially motivated attack in the central city of Macerata. Luca Traini, 29, went on the shooting spree on Feb. 3 in what he said was revenge for the […]
Read More LONDON, Oct 3 (Reuters) – Public holidays in China kept spot trade under wraps on Wednesday, with few Nigerian cargoes trading hands, while Angolan offers also dried up, traders said. ANGOLA AND NIGERIA * Total was said to have sold a cargo of Bonga at a premium of $1.70 a barrel to dated Brent. * […]
Read More LAGOS, Oct 3 (Reuters) – The governor of Nigeria’s commercial hub Lagos, a prominent ruling party figure, lost his bid on Wednesday to seek a second term following a primary selection process that exposed internal divisions in a crucial state months ahead of polls next year. Lagos state, with a city of some 23 million […]
Read More NAIROBI, Oct 3 (Reuters) – The World Bank has cut its economic growth forecast for sub-Saharan Africa this year to 2.7 percent from an earlier forecast of 3.1 percent, mainly because of slower-than-expected growth in the continent’s bigger economies, the bank said on Wednesday. The region, which had posted a fairly fast average growth rate […]
Read More (Repeats Oct. 2 story with no changes to text) * China W. African imports to rise to record 1.94 mln bpd * Restocking by Chinese refiners adds to demand * Indian refiners take fewer W. African cargoes in October * W. African crude exports to Asia tmsnrt.rs/2MNuxkU By Amanda Cooper LONDON, Oct 2 (Reuters) – […]
Read More LONDON, Oct 2 (Reuters) – Spot trade slowed on Tuesday as public holidays in China kept bidding at bay, although the backdrop for the West African market was healthy with flows to Asia set to reach their highest in two months in October. ANGOLA AND NIGERIA * The Angolan November programme had about 10 cargoes […]
Read More LONDON, Oct 2 (Reuters) – * The International Cocoa Organization (ICCO) said on Tuesday it has appointed Michel Arrion as its new executive director, replacing Jean Marc Anga * He will serve a five-year term * Arrion is a Belgian national who has served as ambassador of the European Union in several African countries including […]
Read More (Adds context, spokeswoman quote) Oct 1 (Reuters) – British bank Standard Chartered Plc is bracing for a possible new fine of about $1.5 billion as a result of previous Iranian sanctions violations, Bloomberg reported on Monday. U.S. authorities are investigating whether the bank violated Iranian sanctions after 2007, when it said it would no longer […]
Read More * Ghana, Ivory Coast produce 60 pct of world’s cocoa * Countries moving towards harmonising prices (Combines Ivory Coast, Ghana, adds farmer reaction) By Ange Aboa and Kwasi Kpodo ABIDJAN/ACCRA, Oct 1 (Reuters) – Ivory Coast, the world’s top cocoa grower, raised the guaranteed price it pays farmers by 7 percent to 750 CFA francs […]
Read More LONDON, Oct 1 (Reuters) – Angolan differentials held steady on Monday, buoyed by Chinese refinery demand, as the November programme dwindled to a handful of cargoes, while Nigerian grades struggled to find buyers, traders said. ANGOLA AND NIGERIA * The Angolan November programme is down to around a dozen cargoes. State company Sonangol was said […]
Read More (Adds source on funding, details, background) By Francesca Landini MILAN, Oct 1 (Reuters) – Italian coffee maker Lavazza will swallow the coffee business of U.S. food giant Mars Inc to expand its global reach, in a deal worth around $650 million, including debt. The two unlisted companies said on Monday that Lavazza had agreed to […]
Read More ABUJA, Oct 1 (Reuters) – Nigeria’s President Muhammadu Buhari sought to reassure voters that next year’s elections would be free and fair on Monday after the opposition and international observers raised concerns over the way a gubernatorial vote was conducted last week. Buhari’s ruling party candidate was narrowly elected governor of the southwestern state of […]
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