Yaounde (Cameroon), May 20 (IANS) There's no official figure to determine its role in the Cameroonian economy but there is evidence that the "call box" business is a booming informal business in the country's mobile telephone sector. More »'Call box' business is booming in Cameroon
Goal takes a look at the career of the Italian arbiter to date following Uefa's decision to appoint the 41-year-old for Saturday's showpiece at Wembley More »Italy's fearless play-stopper & Bayern jinx - Champions League final referee Nicola Rizzoli
Mexico City, May 20 (IANS/EFE) Mexican President Enrique Peña Nieto inaugurated a 1.6-billion-peso ($130-million) expansion of a Nestle instant coffee factory in the central city of Toluca. More »Nestle invests $130 mn in Mexico plant
LONDON, May 20 (Reuters) - Emerging shares rose on Monday,edging off a recent plateau as a stronger dollar boosted theexport outlook for emerging economies, while the Czech crown hita three-year low after recent weak data. The dollar has strengthened since non-voting FederalReserve member for San Francisco John Williams said last weekthat quantitative easing could be tapered off in the summer, aview that Federal Reserve Chairman Ben Bernanke may reiterate onWednesday. MSCI's emerging shares benchmark rose 0. ... More »EMERGING MARKETS-Stocks rise on export outlook, Czech crown at 3-yr low
(Adds details, quotes, changes dateline) DOHA, May 20 (Reuters) - Three Qatari state-backed entities,including the Gulf Arab nation's acquisitive sovereign wealthfund, are setting up a $1 billion fund to invest in overseasenergy infrastructure assets. The new fund will be run by Qatar Holding, Qatar PetroleumInternational and Qatar Electricity and Water Company (QEWC), a bourse filing from QEWC said on Monday. A country with one of the highest per capita incomes in theworld and backed by its huge hydrocarbon wealth, Qatar has beensnapping up assets globally. ... More »Qatar sets up $1 bln energy infrastructure fund
Avoid these mistakes if you want to lead a richer life! More »Do these 20 things and you'll always be poor
* Abu Dhabi Islamic Bank to arrange loan facility * Proceeds to partly repay investors via dividend recap * Listing possible for Gulf Marine in two years * Sale process for Gulf Marine stalled last year By Mirna Sleiman DUBAI, May 20 (Reuters) - Abu Dhabi private equity firm GulfCapital is close to signing a 1.32 billion dirhams ($359.38million) Islamic loan for its company Gulf Marine Services, someof which will be paid out to investors as dividends. ... More »Gulf Capital to raise $360 mln partly for dividend payout
The billion-dollar deal for Tumblr has stirred talk on the next big acquisition target in the sector, with cash-rich tech giants looking for the next potential star. More »Tumblr deal sparks talk on next big tech target
By Justin Palmer LONDON (Reuters) - Intensely irritating to some, hugely entertaining to others, the outspoken and colourful Jose Mourinho has proven time and again that success is never far from his golden touch. From a modest playing career and humble beginnings in management, Mourinho, 50, has become one of the most sought-after signings by club presidents eager for the Portuguese to wave his magic wand and conjure a succession of silverware. His managerial record stands the closest scrutiny - a Champions League winner with two clubs and league titles in Portugal, England, Italy and Spain. ... More »Newsmaker: 'Special One' Mourinho retains hunger for success
US investment banking giant Goldman Sachs said Monday it will start investing in Japanese renewable energy projects, with a reported $2.9 billion outlay over the next five years. More »Goldman Sachs to invest in Japan green energy
KUWAIT (Reuters) - Libya will have to pay Kuwait's Kharafi group $930 million (611 million pounds) in damages for former leader Muammar Gaddafi's cancelling of the construction of a vacation resort, Kuwaiti newspapers reported on Monday. M. A. Kharafi and Sons, a company owned by one of Gulf state's biggest merchant families, won the award in arbitration proceedings via the Arab League, al-Rai newspaper said, without giving its source. Officials at Kharafi, which owns National Industries Group (NIG), National Investments Co. , Al Mal Investment Co. ... More »Kuwait's Kharafi group wins $930 million from Libya - media
Copper-rich Mes Aynak is home to ruins of ancient villages, but threatened by a planned Chinese mining project. More »Afghan archaeology site faces rocky future
A young Tunisian activist who sparked controversy in March by posting topless pictures of herself online has been arrested for allegedly making "immoral gestures," the interior ministry said on Monday. More »Tunisia Femen activist arrested for 'immoral gestures'
By Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - U.S. authorities brought criminal charges against three New York University researchers on Monday, alleging they conspired to take bribes from Chinese medical and research outfits for details about NYU research into magnetic resonance imaging technology. A criminal complaint filed in the U.S. District Court in Manhattan charged Yudong Zhu, 44, Xing Yang, 31, and Ye Li, 31, with commercial bribery conspiracy in connection with NYU research financed by the U.S. government. ... More »U.S. charges 3 NYU researchers in Chinese bribery case
Washington, May 20 (IANS) An 18-year-old Indian-origin girl in the US has developed a potentially revolutionary device that can charge a mobile phone in just 20 seconds, a media report said. More »Indian girl invents device that can charge phone in 20 seconds
* Silver hits Sept 2010 low before rebounding * Gold shoots up from 1-month low and 7 days of losses * Investors await Fed chairman's testimony on Wednesday (Updates with late prices, post-settlement trades) By Barani Krishnan and Clara Denina NEW YORK/LONDON, May 20 (Reuters) - Gold and silver pricesgained nearly 3 percent on Monday after a roller-coaster sessionthat opened with a gut-wrenching dive in silver to its lowest in2-1/2 years before an abrupt midday turnaround. After trading lower through most of the day, gold suddenlylurched more than $10 an ounce higher around noon U.S. ... More »PRECIOUS-Silver and gold lurch higher after early dive
ABU DHABI, May 20 (Reuters) - Abu Dhabi National EnergyCompany (TAQA) said on Monday it was looking at waysto improve the liquidity of its shares but had not taken anysteps to remove a barrier to foreigners holding its stock. Abu Dhabi newspaper The National said on Monday that TAQAwas considering a dual listing on the London stock exchange andan opening up of its free-float of shares domestically toforeign investors. TAQA is 75 percent owned by the Abu Dhabi government, whileforeigners are currently not allowed to trade in the remainingstock listed on the Abu Dhabi stock market. ... More »UAE's TAQA says looking at share options after dual listing report
By Steven Scheer TEL AVIV, May 20 (Reuters) - Israel plans to amend a lawgranting companies tax breaks and grants to invest in thecountry as the government tries to close a widening budgetdeficit. Since taking office two months ago, Finance Minister YairLapid has drawn up state spending cuts and tax hikes to close adeficit of over 45 billion shekels ($12 billion) racked up underthe previous government. The measures, which include increases in income, sales andcorporate taxes, are gradually coming into force. ... More »Israel seeks to rein in company tax breaks
By Nadia Saleem DUBAI, May 20 (Reuters) - Kuwait's bourse extended sharpyear-to-date gains in heavy trading on Monday, whileprofit-taking weighed on bourses in the United Arab Emirates andother markets were mixed. Kuwait's index rose 1.3 percent to hit a fresh46-month high, trading 111 million dinars ($387.9 million). Companies owned by one of Kuwait's largest merchant familiesrose after a favourable court ruling. Kuwaiti newspaper reports said Libya will have to pay theKharafi Group $930 million in damages for former leader MuammarGaddafi's cancelling of the construction of a vacation resort. ... More »MIDEAST STOCKS-Kuwait extends rally; UAE mkts slip off multi-yr highs
New Delhi, May 20 (IANS) India Monday asked China to provide greater market access to help lower the widening trade deficit that rose to $29 billion in 2012. More »India seeks market access to lower trade gap with China