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South Africa Feb credit growth falls to 7.88pc y/y JOHANNESBURG: Growth in credit demand by South Africa's private sector fell to 7.88 percent year-on-year in February, compared with an unrevised 8.64 percent rise in January, central bank data showed on Thursday.Expansion in the broadly defined M3 measure of money supply climbed to 7.71 percent year-on-year in February, from an unrevised 6.75 percent the previous month.Economists surveyed by Reuters forecast year-on-year private sector credit growth of 8 percent in February and a 7.2 percent rise in money supply.Copyright Reuters, 2013

Half of Indonesians at risk of landslides: official JAKARTA: More than half of Indonesia's population live in areas at risk of landslides, an official said Thursday, with traditional farming methods blamed for the widespread vulnerability.Some 124 million Indonesians out of a population of around 240 million live in "moderate- to high-risk landslide areas", National Disaster Management Agency (BNPB) official Sutopo Purwo Nugroho said, citing a study."Population growth and greater volume of rain as a result of climate change have increased the potential for ...

Seven shot dead in separatist attack on Kenya casino: police NAIROBI: At least seven people including a policeman were shot dead in gun battles in the early hours Thursday when a gang attacked a Kenyan coastal casino, police said."Six of the attackers were shot dead but they also killed one of our police officers," regional police chief Aggrey Adoli told AFP.Copyright AFP (Agence France-Presse), 2013

Obama to visit Mexico, Costa Rica in May WASHINGTON: In May President Barack Obama will visit Mexico, where he will meet the country's new president, and Costa Rica, in the second foreign trip of his second term, the White House said Wednesday.The backdrop to Obama's May 2-4 travel will be his attempt to push through Congress comprehensive reforms that would give illegal immigrants, many of whom hail from Mexico, a path to citizenship.News of Obama's trip broke after he spoke to Mexican President ...

Assad urges BRICS to help 'stop the violence' in Syria DAMASCUS: Syrian President Bashar al-Assad urged BRICS nations Wednesday to help "stop the violence" in his country and end the suffering of his people, which he blamed on international sanctions.His plea came as rights watchdog Amnesty International said the world must press all parties to the conflict -- which has killed an estimated 70,000 people since March 2011 -- to "end war crimes and crimes against humanity.""I call on the BRICS leaders to work together ...

Hotshot Italian lawyer was a fraud, British court rules LONDON: An Italian "lawyer" whose notorious clients included late Iraqi dictator Saddam Hussein was found guilty by a British court on Wednesday of tricking people into believing he was a genuine legal professional.Giovanni di Stefano, 57, was convicted at London's Southwark Crown Court of 25 charges including deception, fraud and money laundering between 2004 and 2012.The court heard that Di Stefano, who was dubbed "the devil's advocate" by the British press for his track history ...

Cyprus to impose tough curbs to stop bank run: reports NICOSIA: Cyprus is to impose unprecedented money controls to avert a run on the island's shuttered banks when they reopen following a controversial international bailout, reports said on Wednesday.Newspapers said the temporary restrictions, in place for seven days, included bans on taking more than 3,000 euros ($3,900) of cash out of Mediterranean island and on cashing cheques.Major protests were planned later Wednesday and homes and businesses awaited final confirmation that Cypriot banks, which have been ...


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