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Kenyan retailer Nakumatt is in talks with South Africa's Shoprite to buy its three stores in Tanzania as it moves to secure a bigger share of a large, untapped market. Retail is a red hot sector in Africa thanks to a consumer base of 1 billion people gaining increasing spending power from robust economic growth. The sector is typified by... Read more... Read more... Read more... Read more...
The U.S. Federal Reserve will likely consider further reductions in the pace of bond purchases at coming meetings given the improvement in the labor market conditions, a top Fed official said on Friday. Richmond Federal Reserve President Jeffrey Lacker said although a recent pick-up in U.S. economic growth was encouraging, he expected the pace of... Read more...
PARIS (AP) — French President Francois Hollande threatened legal action Friday over a magazine report saying he is having a secret affair with an actress, the latest breach in the French media's practice of turning a blind eye to presidential love affairs.... Read more...