

NAIROBI (Reuters) - Standard Chartered Bank of Kenya posted a 16 percent drop in pretax profit for the first quarter to 2.73 billion shillings, it said on Tuesday. The bank, controlled by Standard Chartered Plc, said total operating expenses increased by about 400 million shillings, driven by higher staff costs and loan-loss provisions. Basic earnings per share fell to 6.06 shillings from 7.79 shillings a year ago, the bank said, adding that the
BERLIN (AP) — The European Commission on Thursday defended its handling of the Greek debt crisis, saying it "fundamentally disagrees" with criticism voiced by the International Monetary Fund.
NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
JOHANNESBURG (Reuters) - Employment in South Africa's non-agriculture sector edged up 0.1 percent in the first quarter of 2013 compared with the previous three months, although the key mining and manufacturing sectors shed jobs, Statistics South Africa said on Tuesday. On a year-on-year basis, the number of people with formal jobs rose 1 percent to 8.463 million during the quarter, the statistics agency said in a report. Gross earnings fell
FRANKFURT, Germany (AP) — The European Central Bank has cut its growth forecast for the troubled euro area's economy, but said there were enough signs of improvement ahead that it did not need to cut interest rates.
I believe capital punishment is a just sentence in many cases. But it can also be used as a cudgel to hurt the innocent
SEOUL, South Korea (AP) — North Korea on Friday proposed holding low-level government talks with South Korea this weekend as the rivals look to mend ties that have plunged during recent years amid hardline stances by both countries.
By Elvina Nawaguna WASHINGTON (Reuters) - President Barack Obama on Friday pushed his plan to tie federal student loan interest rates to the market, and criticized a Republican plan passed by the House of Representatives that he said would cost borrowers more. The mounting burden of student loan debt, now pegged at more than $1 trillion, with an
PORT LOUIS (Reuters) - Mauritius's earnings from tourism dropped 12.4 percent from a year earlier to 12.06 billion rupees in the first three months of this year as the weak economic environment in Europe hurt visitors' spending. Statistics Mauritius cut its forecast for visitor arrivals this year to 990,000 from a previous estimate of 1
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