(Bloomberg) -- European government bonds rose for a fourth day after a report showed German producer-price inflation slowed more than expected in March, damping anticipation of higher interest rates in Europe.
Benchmark bunds advanced yesterday as 10-year yields near their highest in more than 2 1/2 years lured investors from equity markets. Prices of goods from plastics to newsprint gained 2.5 percent in the year after rising 2.8 percent in February, less than the 2.7 percent rise expected in a Bloomberg News survey of economists.
Read more at Bloomberg Bonds News
Wednesday, April 18, 2007
Palm Oil Gains in Malaysia for First Day in Three as Consumption Increases
(Bloomberg) -- Palm oil futures rose for the first day in three on concern supply may not be sufficient to meet global demand for cooking oil and alternative fuel.
Palm oil futures swung between gains and losses this morning on the Malaysia Derivatives Exchange before rising 31 ringgit, or 1.4 percent, to 2,191 ringgit at 12:30 p.m. local time. The contract gained 36 percent in the past six months.
Read more at Bloomberg Commodities News
Palm oil futures swung between gains and losses this morning on the Malaysia Derivatives Exchange before rising 31 ringgit, or 1.4 percent, to 2,191 ringgit at 12:30 p.m. local time. The contract gained 36 percent in the past six months.
Read more at Bloomberg Commodities News
Asian Oil-Product Tanker Rates Rise for a Third Day on Shortage of Vessels
(Bloomberg) -- Asian rates for tankers that ship gasoline, jet fuel and other so-called clean petroleum products rose for a third day on a shortage of vessels.
The cost of shipping 75,000 tons of oil products to Japan from the Middle East increased 0.9 percent to Worldscale 138.13, according to the London-based Baltic Exchange.
Read more at Bloomberg Energy News
The cost of shipping 75,000 tons of oil products to Japan from the Middle East increased 0.9 percent to Worldscale 138.13, according to the London-based Baltic Exchange.
Read more at Bloomberg Energy News
TREASURIES-Extend rally in Asia on stock sell-off
(Reuters) - The slide in equities also lifted Japanese government bond futures from a three-month low and prompted a round of yen short covering. S&P 500 futures pointed to a weaker open on Wall Street.
"The sharp falls in Asian equity market reminded investors of the global stock sell-off that began in late February, supporting Treasuries," said a trader at a Japanese bank.
Read more at Reuters.com Bonds News
"The sharp falls in Asian equity market reminded investors of the global stock sell-off that began in late February, supporting Treasuries," said a trader at a Japanese bank.
Read more at Reuters.com Bonds News
European Government Bonds May Gain; Report to Show Producer Prices Slowed
(Bloomberg) -- European government bonds may extend gains before a report that's expected to show German producer- price inflation slowed in March, damping expectations of higher interest rates in Europe.
Benchmark bunds rose for a third day yesterday as yields near their highest in more than 2 1/2 years lured investors from equity markets. Prices of goods from plastics to newsprint may have gained 2.7 percent in the year after rising 2.8 percent in February, according to the median estimate of economists surveyed by Bloomberg News.
Read more at Bloomberg Bonds News
Benchmark bunds rose for a third day yesterday as yields near their highest in more than 2 1/2 years lured investors from equity markets. Prices of goods from plastics to newsprint may have gained 2.7 percent in the year after rising 2.8 percent in February, according to the median estimate of economists surveyed by Bloomberg News.
Read more at Bloomberg Bonds News
Novartis snaps up Antisoma drug spurned by Roche
(Reuters) - AS1404 is due to enter final Phase III trials next year and, if successful, could be the first in a new class of anti-cancer drugs designed to disrupt the flow of blood to tumours.
It works in a different way to Roche's established medicine Avastin, which also starves tumour cells of blood, and is expected to help the 25 to 40 percent of patients with squamous non-small cell lung cancer who cannot take Avastin.
Read more at Reuters.com Mergers News
It works in a different way to Roche's established medicine Avastin, which also starves tumour cells of blood, and is expected to help the 25 to 40 percent of patients with squamous non-small cell lung cancer who cannot take Avastin.
Read more at Reuters.com Mergers News
Group says redesigned vehicles boost safety
(Reuters) - The Insurance Institute for Highway Safety found in a study of fatalities between 2002-05 that design changes -- especially in sport utility vehicles -- contributed to a 30 percent drop in overall fatality rates when compared to the mid-1990s.
More than 40,000 people are still killed annually in U.S. traffic accidents, government statistics show. But declining rates, especially in certain vehicle classes that have had questionable ratings in crash and rollover tests, is encouraging, safety groups agree.
Read more at Reuters.com Government Filings News
More than 40,000 people are still killed annually in U.S. traffic accidents, government statistics show. But declining rates, especially in certain vehicle classes that have had questionable ratings in crash and rollover tests, is encouraging, safety groups agree.
Read more at Reuters.com Government Filings News
Oil steady on revived Iran risk, eyes China GDP
(Reuters) - The geopolitical risks overshadowed a bearish batch of weekly U.S. inventory data that showed a sharper-than-expected rise in refinery production rates, helping counter concerns over the persistent decline in gasoline stockpiles.
London Brent crude rose 7 cents to $66.11 a barrel by 0415 GMT, adding to Wednesday's 11-cent gain that pulled prices back from a three-week low of $64.76 a barrel. U.S. light, sweet crude fell 29 cents to $62.84 after a 3-cent rise.
Read more at Reuters.com Business News
London Brent crude rose 7 cents to $66.11 a barrel by 0415 GMT, adding to Wednesday's 11-cent gain that pulled prices back from a three-week low of $64.76 a barrel. U.S. light, sweet crude fell 29 cents to $62.84 after a 3-cent rise.
Read more at Reuters.com Business News
China's Hisun seeking foreign investor, hires UBS
(Reuters) - Hisun and UBS declined to comment.
Trading in the Shanghai-listed shares of Hisun Pharmaceutical, a business partner of U.S. drug maker Eli Lilly and Co. , was suspended on Thursday pending announcement on a major transaction.
Read more at Reuters.com Mergers News
Trading in the Shanghai-listed shares of Hisun Pharmaceutical, a business partner of U.S. drug maker Eli Lilly and Co. , was suspended on Thursday pending announcement on a major transaction.
Read more at Reuters.com Mergers News
China Shares Slide Most in Seven Weeks on Concern Over Tightening Measures
(Bloomberg) -- China's stocks fell, set for their biggest decline in seven weeks, on speculation delayed economic reports to be released today will lead to higher interest rates. China Vanke Co. declined.
``The market is concerned that the GDP and other economic figures will be stronger than expected and prompt the government to raise interest rates,'' said Zhang Ling, who manages the equivalent of $1.1 billion at ICBC Credit Suisse Asset Management Co. in Beijing. ``That's providing a good excuse to sell shares in a market that has risen so much.''
Read more at Bloomberg Stocks News
``The market is concerned that the GDP and other economic figures will be stronger than expected and prompt the government to raise interest rates,'' said Zhang Ling, who manages the equivalent of $1.1 billion at ICBC Credit Suisse Asset Management Co. in Beijing. ``That's providing a good excuse to sell shares in a market that has risen so much.''
Read more at Bloomberg Stocks News
Allied Irish, Aviva, BP, BT Group, Barclays: U.K., Irish Equity Preview
(Bloomberg) -- The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday's market close.
The benchmark FTSE 100 Index fell 48.40, or 0.7 percent, to close at 6449.40 in London as 13 stocks rose, 86 fell and three were unchanged. The FTSE All-Share Index lost 22.68, or 0.7 percent, to 3352.85.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index fell 48.40, or 0.7 percent, to close at 6449.40 in London as 13 stocks rose, 86 fell and three were unchanged. The FTSE All-Share Index lost 22.68, or 0.7 percent, to 3352.85.
Read more at Bloomberg Stocks News
Aspreva, Downey, EBay, Gramercy, Gilead, Intersil: U.S. Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed yester. Stock symbols are in parentheses after company names.
Aspreva Pharmaceuticals Corp. (ASPV US) rose 96 cents, or 4.5 percent, to $22.40 in extended trading yesterday. The company said in a preliminary statement on PR Newswire unaudited first- quarter revenue was $59 million. One analyst estimated the company would post $55.1 million, according to a Bloomberg survey.
Read more at Bloomberg Stocks News
Aspreva Pharmaceuticals Corp. (ASPV US) rose 96 cents, or 4.5 percent, to $22.40 in extended trading yesterday. The company said in a preliminary statement on PR Newswire unaudited first- quarter revenue was $59 million. One analyst estimated the company would post $55.1 million, according to a Bloomberg survey.
Read more at Bloomberg Stocks News
S.African stocks slip on profit taking, Sappi
(Reuters) - South African stocks tripped on Wednesday as credit agencies downgraded the outlook for paper producer Sappi and as investors locked in profits after successive record highs.
The Johannesburg Top-40 index of blue-chip stocks slid 1.47 percent higher to 25,312.23 points, while the All-share index shed 1.26 percent to 28,148.52 points.
Read more at Reuters Africa
The Johannesburg Top-40 index of blue-chip stocks slid 1.47 percent higher to 25,312.23 points, while the All-share index shed 1.26 percent to 28,148.52 points.
Read more at Reuters Africa
China Stocks, Bonds Slump on Rate Increase Speculation; Yuan Strengthens
(Bloomberg) -- China's stocks and bonds slumped and the yuan climbed on speculation a government report today will show the economy is growing fast enough to force the central bank to raise interest rates.
The government will probably report today that gross domestic product expanded more than 10 percent for a fifth straight quarter in the three months ended March 31, according to a Bloomberg News survey of economists. China has increased borrowing costs to cool the world's fastest-growing major economy and curb inflation.
Read more at Bloomberg Currencies News
The government will probably report today that gross domestic product expanded more than 10 percent for a fifth straight quarter in the three months ended March 31, according to a Bloomberg News survey of economists. China has increased borrowing costs to cool the world's fastest-growing major economy and curb inflation.
Read more at Bloomberg Currencies News
Japan's Government Bonds Rise as Stocks Decline; Yields Attract Investors
(Bloomberg) -- Japan's bonds advanced after a slide in stocks renewed speculation that the central bank will keep interest rates unchanged to help spur consumer spending.
Ten-year benchmark yields yesterday reached the highest since Feb. 21 after a rally in stocks spurred speculation the economy will sustain its expansion. Demand for debt increased today after a three-day gain in the yen pushed down stocks and Bank of Japan Governor Toshihiko Fukui said gains of consumer prices will hover around zero in coming months.
Read more at Bloomberg Bonds News
Ten-year benchmark yields yesterday reached the highest since Feb. 21 after a rally in stocks spurred speculation the economy will sustain its expansion. Demand for debt increased today after a three-day gain in the yen pushed down stocks and Bank of Japan Governor Toshihiko Fukui said gains of consumer prices will hover around zero in coming months.
Read more at Bloomberg Bonds News
Putin May Give Russians Choice of Kremlin-Blessed Successors in 2008 Vote
(Bloomberg) -- President Vladimir Putin may give Russians something they aren't used to in next year's presidential election: a choice.
Putin, who has been promoting two candidates for the March 2008 election, might allow Russians to decide which they prefer, former officials and political analysts say. That would provide at least the appearance of democracy while guaranteeing a loyalist will succeed him.
Read more at Bloomberg Exclusive News
Putin, who has been promoting two candidates for the March 2008 election, might allow Russians to decide which they prefer, former officials and political analysts say. That would provide at least the appearance of democracy while guaranteeing a loyalist will succeed him.
Read more at Bloomberg Exclusive News
Group says redesigned vehicles boost U.S. safety
(Reuters) - The Insurance Institute for Highway Safety found in a study of fatalities between 2002-05 that design changes -- especially in sport utility vehicles -- contributed to a 30 percent drop in overall fatality rates when compared to the mid-1990s.
More than 40,000 people are still killed annually in U.S. traffic accidents, government statistics show. But declining rates, especially in certain vehicle classes that have had questionable ratings in crash and rollover tests, is encouraging, safety groups agree.
Read more at Reuters.com Bonds News
More than 40,000 people are still killed annually in U.S. traffic accidents, government statistics show. But declining rates, especially in certain vehicle classes that have had questionable ratings in crash and rollover tests, is encouraging, safety groups agree.
Read more at Reuters.com Bonds News
Europe looks east,unfazed by U.S. slowdown-Merrill
(Reuters) - The shift to these fast-growing economies is supporting the profit outlook for European companies and investors' love affair with euro zone equities continues, while U.S. equities are not favoured, Merrill Lynch's monthly survey of investors showed on Wednesday.
"Today, the U.S. buys just 14 percent of euro zone exports -- compared with emerging Asia, China and emerging Europe at more than 30 percent," said Karen Olney, head of European equity strategy at Merrill Lynch.
Read more at Reuters.com Bonds News
"Today, the U.S. buys just 14 percent of euro zone exports -- compared with emerging Asia, China and emerging Europe at more than 30 percent," said Karen Olney, head of European equity strategy at Merrill Lynch.
Read more at Reuters.com Bonds News
TXU Gets No Offers Challenging $44 Billion Buyout Led by Kohlberg Kravis
(Bloomberg) -- TXU Corp., the largest power producer in Texas, received no rival bids ahead of the deadline to challenge the proposal from Kohlberg Kravis Roberts & Co. and TPG Inc. to buy the company for $44 billion.
The board had solicited interest from over 70 potential purchasers, Dallas-based TXU said today in a statement.
Read more at Bloomberg Energy News
The board had solicited interest from over 70 potential purchasers, Dallas-based TXU said today in a statement.
Read more at Bloomberg Energy News
UPDATE 1-Claire's Stores Q4 earnings up, clears SEC issue
(Reuters) - The company, which recently announced that it would be bought by a private equity firm, also said it would file its annual report by April 19, after clearing up an accounting issue relating to its stores in France.
Net income for the fourth quarter ended Feb. 3 was $86.5 million or 93 cents a share, compared with $69.1 million or 69 cents a share for the year-ago period.
Read more at Reuters.com Mergers News
Net income for the fourth quarter ended Feb. 3 was $86.5 million or 93 cents a share, compared with $69.1 million or 69 cents a share for the year-ago period.
Read more at Reuters.com Mergers News
JPMorgan nears Canary Wharf move decision -sources
(Reuters) - It would, however, include one of the oldest and best-known UK investment banking brands -- Cazenove -- potentially dealing a blow to the City's reputation as London's financial heartland. JPMorgan's investment banking division is spread among seven City locations now.
The U.S. investment bank is weighing a site at the Riverside South area just off Westferry Circus in east London and another at Fore Street in the historic City financial district, the sources said.
Read more at Reuters.com Mergers News
The U.S. investment bank is weighing a site at the Riverside South area just off Westferry Circus in east London and another at Fore Street in the historic City financial district, the sources said.
Read more at Reuters.com Mergers News
PNC Financial 1st-qtr profit rises 30 pct
(Reuters) - NEW YORK, April 18 - PNC Financial Services Group Inc. , a fast-growing northeast U.S. regional bank, on Wednesday said first-quarter profit rose 30 percent, helped by acquisitions and growth in every main business line.
Net income for the Pittsburgh-based company rose to $459 million, or $1.46 per share, from $354 million, or $1.19, a year earlier.
Read more at Reuters.com Market News
Net income for the Pittsburgh-based company rose to $459 million, or $1.46 per share, from $354 million, or $1.19, a year earlier.
Read more at Reuters.com Market News
EDF Says Worker Contaminated at Its Cruas Nuclear Power Plant in France
(Bloomberg) -- Electricite de France SA, Europe's biggest power producer, said a contractor working on Units 1 and 2 of the Cruas nuclear power plant was found to have ``traces'' of contamination after leaving the site April 16.
The worker is receiving medical attention following his exposure to radiation, Paris-based EDF said today in a statement.
Read more at Bloomberg Energy News
The worker is receiving medical attention following his exposure to radiation, Paris-based EDF said today in a statement.
Read more at Bloomberg Energy News
UPDATE 1-Continental Resources sets IPO at 29.5 mln shares
(Reuters) - The company said in an amended filing with the U.S. Securities and Exchange Commission that it planned to sell 8.85 million shares, and Chief Executive Harold Hamm will sell an additional 20.65 million.
Continental estimates that it will receive $139.6 million in net proceeds, which it will use to repay debt.
Read more at Reuters.com Government Filings News
Continental estimates that it will receive $139.6 million in net proceeds, which it will use to repay debt.
Read more at Reuters.com Government Filings News
Crude Oil Falls on Signs Supplies to Meet Demand From Refineries in U.S.
(Bloomberg) -- Crude oil fell amid expectations supplies of crude will meet demand from refineries working to produce more fuel before the summer driving season.
A U.S. government report later today will probably show refiners used 88.7 percent of their capacity last week, a three- month high and the fifth straight increase, according to a Bloomberg News survey of analysts. Crude-oil stockpiles probably climbed 650,000 barrels last week.
Read more at Bloomberg Commodities News
A U.S. government report later today will probably show refiners used 88.7 percent of their capacity last week, a three- month high and the fifth straight increase, according to a Bloomberg News survey of analysts. Crude-oil stockpiles probably climbed 650,000 barrels last week.
Read more at Bloomberg Commodities News
Woori Bank of South Korea Hires Six Banks to Arrange Dollar Bond Sale
(Bloomberg) -- Woori Bank, a unit of South Korea's third-largest financial service company by market value, hired six banks to arrange a sale of dollar bonds, according to an e- mail sent to investors.
The bank, a unit of Woori Finance Holdings Co., hired ABN Amro Holding NV, Credit Suisse Group, Deutsche Bank AG, HSBC Holdings Plc, Merrill Lynch & Co Inc. and Woori Investment & Securities Co. Ltd., according to the e-mail.
Read more at Bloomberg Bonds News
The bank, a unit of Woori Finance Holdings Co., hired ABN Amro Holding NV, Credit Suisse Group, Deutsche Bank AG, HSBC Holdings Plc, Merrill Lynch & Co Inc. and Woori Investment & Securities Co. Ltd., according to the e-mail.
Read more at Bloomberg Bonds News
Continental Resources sets IPO at 29.5 mln shares
(Reuters) - Continental said in an amended filing with the U.S. Securities and Exchange Commission that its stock has been approved for listing on the New York Stock Exchange under the symbol "CXP" .
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
UPDATE 1-Raiffeisen sees big banks entering emerging Europe
(Reuters) - Most of eastern Europe's banking sector -- except Russia -- is owned by foreign banks, but the only big player with a meaningful presence is Italy's UniCredit . Raiffeisen Chief Executive Herbert Stepic said this would change.
"There is increasingly big interest in the region and there are four or five banks worldwide who could afford such a step," Stepic said at a news conference of Raiffeisen International's parent bank Raiffeisen Zentralbank .
Read more at Reuters.com Mergers News
"There is increasingly big interest in the region and there are four or five banks worldwide who could afford such a step," Stepic said at a news conference of Raiffeisen International's parent bank Raiffeisen Zentralbank .
Read more at Reuters.com Mergers News
RIM's BlackBerry system down: report
(Reuters) - A Research In Motion representative was not immediately available for comment.
But WNBC.com cited company officials as saying that they were trying to reset the system, but the problem would carry into Wednesday morning.
Read more at Reuters.com Business News
But WNBC.com cited company officials as saying that they were trying to reset the system, but the problem would carry into Wednesday morning.
Read more at Reuters.com Business News
Estonian Economy Poised to Make a `Soft Landing,' Central Banker Says
(Bloomberg) -- Estonia's economy, the European Union's second-fastest growing, is heading for a slowdown, central bank Governor Andres Lipstok said.
The central bank today cut the economic growth forecast for next year to 6.5 percent from 7.6 percent in its last report released on Dec. 13. It revised its forecast for 2007 to 8.4 percent from 8.3 percent previously.
Read more at Bloomberg Emerging Markets News
The central bank today cut the economic growth forecast for next year to 6.5 percent from 7.6 percent in its last report released on Dec. 13. It revised its forecast for 2007 to 8.4 percent from 8.3 percent previously.
Read more at Bloomberg Emerging Markets News
European Government Bonds Rise for Third Day as Euro Gains, Stocks Decline
(Bloomberg) -- European government bonds advanced for a third day, their longest winning run in five weeks, as yields near their highest in almost four years attract investors exiting equity markets.
Benchmark two-year yields slipped from their highest since June 2002 as the euro's advance above $1.36 versus the dollar for the first time in more than two years stoked concern about growth in the $10.4 trillion economy. European stock markets also fell for the first time in four days on speculation a stronger euro will cause earnings at exporters to drop.
Read more at Bloomberg Bonds News
Benchmark two-year yields slipped from their highest since June 2002 as the euro's advance above $1.36 versus the dollar for the first time in more than two years stoked concern about growth in the $10.4 trillion economy. European stock markets also fell for the first time in four days on speculation a stronger euro will cause earnings at exporters to drop.
Read more at Bloomberg Bonds News
S.Africa Feb retail sales growth slows to 8.0 pct
(Reuters) - South African retail sales -- the main measure of consumer demand -- rose by 8.0 percent year-on-year in February at constant prices, Statistics South Africa said on Wednesday.
In the three months to the end of February, retail sales rose by 8.0 percent compared to the same period the previous year, also at constant prices.
Read more at Reuters Africa
In the three months to the end of February, retail sales rose by 8.0 percent compared to the same period the previous year, also at constant prices.
Read more at Reuters Africa
UPDATE 1-Stocks regain favour after March shakeup- Merrill
(Reuters) - The investment bank's monthly survey of investors showed most believed stocks remained fair value after the recent rally while bonds were still out of favour.
"This month's survey is unusual in that asset allocations have added to their equity exposure -- now up to 56 percent for a typical balanced fund -- despite a lacklustre earnings outlook," Merrill said in a note to clients.
Read more at Reuters.com Bonds News
"This month's survey is unusual in that asset allocations have added to their equity exposure -- now up to 56 percent for a typical balanced fund -- despite a lacklustre earnings outlook," Merrill said in a note to clients.
Read more at Reuters.com Bonds News
China Likely to Meet Its Target to Increase Ethylene Capacity, MIzuho Says
(Bloomberg) -- China, the world's second-biggest ethylene maker, is likely to meet its target of more than doubling production capacity by 2010, Mizuho Securities Co. said.
Ethylene capacity in China may rise by as much as 17 percent to 11 million metric tons this year, extending a 21 percent gain to 9.7 million tons in 2006, Koichi Ishihara, a senior analyst at Mizuho, wrote in the April edition of a monthly report.
Read more at Bloomberg Energy News
Ethylene capacity in China may rise by as much as 17 percent to 11 million metric tons this year, extending a 21 percent gain to 9.7 million tons in 2006, Koichi Ishihara, a senior analyst at Mizuho, wrote in the April edition of a monthly report.
Read more at Bloomberg Energy News
Kenyan tea prices ease marginally
(Reuters) - Kenyan tea prices were generally weaker at this week's auction, brokers said on Wednesday.
The Africa Tea Brokers (ATB) said 15 percent of the 126,836 packages offered at Tuesday's sale was left unsold.
Read more at Reuters Africa
The Africa Tea Brokers (ATB) said 15 percent of the 126,836 packages offered at Tuesday's sale was left unsold.
Read more at Reuters Africa
Platinum Rises in Asia After UBS Raises Price Forecast, Tokyo Futures Gain
(Bloomberg) -- Platinum rose in Asia on speculation the price of the commodity will climb after analysts from UBS AG raised their forecast for the metal. Platinum futures in Tokyo also gained as the yen's decline spurred buying.
The price of platinum will rise to $1,350 an ounce in the next three months on expectations of increased investor demand, John Reade, head of metals strategy at the UBS Investment Bank unit in London, said in a report yesterday. The forecast was $50 higher than a previous estimate.
Read more at Bloomberg Commodities News
The price of platinum will rise to $1,350 an ounce in the next three months on expectations of increased investor demand, John Reade, head of metals strategy at the UBS Investment Bank unit in London, said in a report yesterday. The forecast was $50 higher than a previous estimate.
Read more at Bloomberg Commodities News
Dutch central bank says rival ABN bid would be risky
(Reuters) - ABN AMRO said late on Tuesday it would meet with the three banks even as it pushes forward with exclusive takeover talks with Barclays . The deadline for the exclusive talks was extended by two days to Friday.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Burundi, Rwanda and DRC relaunch economic bloc
(Reuters) - The Democratic Republic of Congo, Rwanda and Burundi have relaunched a regional economic bloc that is seen as a key step in restoring peace and stability in the turbulent central African region.
The Great lakes Countries Economic Community, known under its French acronym CEPGL, was created in 1976 to ease trade and free movement of people in the three countries.
Read more at Reuters Africa
The Great lakes Countries Economic Community, known under its French acronym CEPGL, was created in 1976 to ease trade and free movement of people in the three countries.
Read more at Reuters Africa
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