South Africa finds collusion, manipulation in Gupta scandal

05/19/13 By Agnieszka Flak

JOHANNESBURG (Reuters) - South Africa's justice minister on Sunday accused an Indian High Commission official and some South Africans of colluding to obtain permission for a plane chartered by a rich family close to President Jacob Zuma to use an air force base to lan... ...Read More »

Analysis: Frontier Markets booming but risks mounting

05/19/13 By Manuela Badawy

NEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record. ...Read More »

Ghosts of incinerator bond deal haunt Harrisburg election

05/19/13 By Hilary Russ

(Reuters) - In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the United States: with big personalities and bare-knuckled verbal brawls.

But unlike most cities, Harrisburg's financi... ...Read More »

Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers

05/19/13 By Ed Stoddard

JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labor climate.<... ...Read More »

Greece to sell Postbank, Proton in July, stress-test big banks

05/19/13 ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review.

Greece is recapitaliz... ...Read More »

Cameron 'losing control' as rift with party core widens

05/19/13 By Mohammed Abbas

LONDON (Reuters) - British Prime Minister David Cameron is losing control of his party, Conservative Party grandee Geoffrey Howe said on Sunday, as a row raged over whether a close aide to Cameron had labeled grassroots activists mad, swivel-eyed loons.

... ...Read More »

Bank of England's King sends message to successor Carney

05/19/13 By William Schomberg

LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low.

King also said the bank could not be run as a one-man sh... ...Read More »

Exclusive: South Africa's NUM seeks 15-60 percent wage hikes from gold, coal producers

05/19/13 By Ed Stoddard

JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ever.

... ...Read More »

Bankia compensation qualms signal loss of faith in Spain's banks

05/19/13 By Sonya Dowsett

MADRID (Reuters) - Many duped savers at Spanish lender Bankia <BKIA.MC> are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.

... ...Read More »

Independent Scotland open to Cyprus-style bank risks, says Britain

05/19/13 By William James

LONDON (Reuters) - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.

Before a referendum due in September 2014 on whether Scotla... ...Read More »

Upmarket Pakistan district votes again as Imran Khan decries killing

05/19/13 By Katharine Houreld and Syed Raza Hassan

ISLAMABAD (Reuters) - An upmarket constituency of Pakistan's violence-plagued city of Karachi voted again under tight security on Sunday, a day after gunmen killed a senior politician from a reformist party in the district and a week after gene... ...Read More »