Africa Leader
AfricaLeader.com Sunday 14th March 2010 Edition 101/2010
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More billionaires in India More billionaires in India
India’s mega-rich are fast exceeding figures from last year, in which Forbes Magazine said there were 24 billionaires in...


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California taking Toyota to courtCalifornia taking Toyota to court
Californian prosecutors have launched lawsuits over Toyota’s defective motor...
Lloyds allows customers to overpay on mortgagesLloyds allows customers to overpay on mortgages
The BBC has reported that Lloyds Banking Group has been encouraging its borrowers to pay off their mortgages...
Portugal has new austerity measuresPortugal has new austerity measures
The Portuguese government's tough budget passed the parliament just prior to the weekend, with approval for an austerity plan aimed at cutting its deficit to the level permitted by the...
Indian stealth bombers coming from RussiaIndian stealth bombers coming from Russia
Russian plane maker, Sukhoi, has announced it will build more than 1,000 stealth fighter jets within four decades, many of them for...
Borders in UK now protected by new departmentBorders in UK now protected by new department
The UK Home Office has announced a new security office to police its...
Adobe chief takes pay cutAdobe chief takes pay cut
The president and CEO of software maker Adobe Systems, Shantanu Narayen, has been awarded less compensation this year due to the value of the company...
China Vows To Fight Any New Signs Of Economic Crisis, Chides Us For 'disturbance' In Relations
BEIJING - China sought Sunday to deflate rising pressure from the U.S. and other powers over Chinese economic policies and growing assertiveness in world affairs, with its prime minister promising...
Short On Cash, Social Security To Start Calling In Uncle Sam's Big Ious, Adding To Deficit
party of NO decided Medicare was bad. Any Jack@#$%/Donkey can kick a barn down/apart, it takes a carpenter to build a barn. Party of NO said social securityprogram was bad ,same with medicare and the...
Buffett-backed Byd’s Profit Almost Quadruples As Car Sales Rise
March 14 (Bloomberg) -- BYD Co., the Chinese carmaker backed by Warren Buffett, almost quadrupled earnings last year as consumers took advantage of government incentives to buy its F3 compact...
Iraq’s Al-maliki Wins Most Seats In Vote, Party Says
March 14 (Bloomberg) -- Iraqi Prime Minister Nouri al- Maliki’s political bloc, predicting it won most seats in March 7 parliamentary elections, named a commission to hold talks with rival...
Axelrod Says Health Bill To Pass, Boehner Skeptical
March 14 (Bloomberg) -- White House senior adviser David Axelrod said he believes the House of Representatives will approve health-care overhaul legislation by the end of this week, while House...
Market Abuse 'unacceptably High'
Market abuse in the UK's financial services sector is at an "unacceptably high level", the head of the City watchdog has said.Hector Sants, the chief executive of the Financial Services...
Australia Trade Minister: Trans-pacific Trade Talks To Strengthen Regional Integration
CANBERRA -(Dow Jones)- The U.S. decision to participate in talks on a Trans-Pacific Partnership, starting in Melbourne on Monday, is an "important signal" of the Obama administration's commitment to...
Abbott Heart Valve-repair Tool Meets Goals In Key Study
ABT ) device designed to improve a leaky heart valve without major surgery met its safety and effectiveness goals in a key study released Sunday. Abbott hopes to win Food and Drug Administration...
Novartis' Diovan Modestly Reduced Diabetes Risk In Study
A new study found that Novartis AG's (NVS, NOVN.VX) blockbuster blood-pressure drug Diovan modestly lowered the incidence of diabetes in certain high-risk patients, but another Novartis drug failed...
Abbott's Tricor Shows No Benefit For Diabetics In Study
ABT ) cholesterol drug TriCor failed to significantly reduce the risk of heart attacks and strokes among diabetics in a large government-sponsored study, reinforcing doubts about the drug's...
Faa Orders Inspection Of 600 Boeing 737s - Seattle Times
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Ecb Nowotny: Greece Must Tighten Budget Or External Help Unthinkable
VIENNA -(Dow Jones)- Greece must prove its willingness to implement severe budget-consolidating measures before it can expect the European Union to agree on a bailout package for the budget-strapped...
Greek Bailout Tops Eu Finance Ministers' Agenda
BRUSSELS (Reuters) - Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French doubts that a deal will...
Byd Posts Record Q4 Profit On Robust Sales
(Reuters) - BYD Co, the Chinese car and battery maker backed by U.S. billionaire Warren Buffett, posted a forecast-beating fourth-quarter result on Sunday, as Beijing's policy initiatives boosted...
Kkr And Warner Music Eye Break-up Bid For Emi: Report
The paper said KKR is interested in acquiring the music publishing arm of EMI, which it says bankers value at around 1.2 billion pounds ($1.82 billion), while Warner Music wants EMI's recorded music...
House Vote Counter Hunting For Health Care Votes
The Democrat's chief vote counter in the House says that right now there aren't enough votes to pass President Barack Obama's health care overhaul. But Rep. James Clyburn of South Carolina says...
Boehner Determined To Kill Dem Health Care Bill
House Minority Leader John Boehner of Ohio, left, walks with Rep. Dave Camp, R-Mich., right, to a Republican caucus, Thursday, March 11, 2010, on Capitol Hill in Washington. (AP Photo/Harry Hamburg)...
Chief House Democratic Vote Counter Searching For Votes To Pass Obama's Health Care Overhaul
WASHINGTON - The Democrat's chief vote counter in the House says that right now there aren't enough votes to pass President Barack Obama's health care overhaul. But Rep. James Clyburn of South...
House Gop Leader Says He Will Do Whatever He Can To Kill Democratic Health Care Overhaul
WASHINGTON - The top House Republican says the GOP can defeat the Democratic health care bill that may reach the House floor this coming week. Ohio Rep. John Boehner says Republicans alone can't...
Us Cos Slash Ceos Bonuses By 22% In 2009
NEW YORK: With US companies trying to closely link executive pay with performance, bonus payouts to chief executives has dropped 22% in 2009 as firms tried to assuage sentiment of irate public, an ...
Vail Resorts Profit Downhill Of Wall Street Estimates
posted a smaller profit in its most recent quarter Wednesday, falling short of analysts' expectations. The Broomfield-based ski-resort and hotel operator again cited a dropoff in real estate...
Shrewsbury Wal-mart Plan Gets Hearing
said Wal-Mart is interested in bringing either a 120,000- or 150,000-square-foot store to the site. A vote on the plan will come at a later...
Stimulus Supports Thousands Of Kansas Construction Jobs, Report Finds
An $82.2 million stimulus project along U.S. Highway 69 in Overland Park meant a $3 million contract for Custom Lighting Services, led by Superintendent Mike Bishop (left) and Eric Vogel,...
Citigroup Center Going Back To Lender
Prudential Real Estate Investors , the latest in a series of highly leveraged downtown San Francisco owners who are voluntarily giving distressed properties back to the lender. In late March,...
Axelrod Confident Health Overhaul Bill Will Pass
President Barack Obama's top political adviser says lobbyists are gathering on Capitol Hill "like locusts" to try to derail health care legislation. But David Axelrod says he's confident the...
Social Security To Start Cashing Uncle Sam's Ious
The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security...
Chinese Pm Rebuts Criticism Over Copenhagen Role
Wen Jiabao during his annual press conference after the closing session of the National People's Congress in Beijing. Photograph: How Hwee Young/EPA The Chinese prime minister, Wen Jiabao, today...
Hsbc Blamed For Hastening Lehman Brothers' Fall: Report
LONDON: Britain's biggest bank HSBC is accused of quickening the fall of Lehman Brothers by demanding billions of pounds in collateral days before its collapse, a media report said. Lehman...
Us Bank Regulation Bill Expected
A new bill to tighten regulation of US banks is due to be unveiled on Monday, but it is unclear if it will succeed in gaining Senate support.The legislation is being presented by Democratic Senator...
Cabin Crew Strikes 'threaten Ba's Future'
Lord Adonis appealed to the Unite union to return to the negotiating table in an attempt to avert the industrial action planned to begin on Saturday. He said: "The impact this will have will not...
Far East Global Seeks Up To Us$90.4 Million In Hong Kong Ipo -source
Far East Global Group Ltd. is seeking to raise up to US$90.4 million in a Hong Kong initial public offering, a person familiar with the situation said Sunday. In the base deal, the building facade...
Ecb Nowotny:euro Zone Budget Consolidations Should Start Soon
VIENNA -(Dow Jones)- Euro zone member states should start consolidating their public budgets very soon in order to put the monetary union on a quick path back to stability, European Central Bank...
Cnooc Plans Takeover Of Argentina's Bridas For Us$3 Billion - Source
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China Ministry: Should Step Up Quality Oversight In Auto Sector
BEIJING -(Dow Jones)- China must strengthen quality assurance in its domestic auto industry as the rapid growth of the sector is in part leading to "hidden risks" for the public on product safety,...
Greece Must Work On Issues Before Help: Ecb Member
(Reuters) - Greece should show it has taken steps to get its public finances in order before external help can be given, European Central Bank Governing Council member Ewald Nowotny said in an...
Ba Strike Is Unjustified - Adonis
Transport Secretary Lord Adonis has attacked the planned strike by British Airways cabin crew staff, calling it "totally unjustified".He told the BBC's Andrew Marr Show that the strike...
Microsoft Admits Security Update Errors
Microsoft has been forced to admit that a security update for its popular Excel application caused non-English text to appear on some users’ screens.In a posting on...
London And New York Lead In Global Financial Centres Report Followed By Hong Kong And Singapore; Dublin Gets Ranking Of 31 In 75-city Sample
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when...
Godrej Consumer Buys Nigeria's Tura Brand For Undisclosed Sum
BANGALORE -(Dow Jones)- Godrej Consumer Products Ltd. (532424.BY) has agreed to acquire Nigeria-based personal care products brand Tura for an undisclosed amount, as part of the Indian soap and hair...
China Npc: Cnooc Sees New Lng Deals, Ok For More Terminals In 2010
BEIJING -(Dow Jones)- State-owned China National Offshore Oil Corp. expects a major build up in its liquefied natural gas operations this year, including getting approval to build three new import...
China Promises Steps To Boost Imports
China's Premier Wen Jiabao leaves after his annual news conference following the closing session of the National People's Congress in Beijing's Great Hall of the People Sunday, March 14, 2010. (AP...
China's Premier Promises To Boost Imports, Calls On Other Nations To Oppose Protectionism
BEIJING - China's premier promised Sunday to increase imports to promote trade and appealed to other nations to oppose what he said was rising global protectionism. "We will continue to take...