| Rwanda: $490m Revenue Target Now Out of Reach
The attainment of Rwanda's $490 million revenue projection for this year now hinges on how soon Kenya's post election violence is contained and the situation brought to normal. According to the head of media and public relations in Rwanda Revenue Authority, Annette Birungi, the impact is yet to be felt on the revenue collections. .
Multigrain Announces Production, Processing Acquisition
SAO PAULO, Brazil, Nov. 12 /PRNewswire-FirstCall/ -- The owners of Multigrain, a leading Brazil-based agricultural commodity business, announced today the company has acquired 100,000 hectares (247,000 acres) of farmland and related processing operations intended to strengthen its ability to serve customers around the world. CHS Inc. of St. Paul, Minn., PMG Trading of Brazil, and Mitsui & Co. Ltd of Japan are owners of Multigrain AG, the holding company for Multigrain. The purchase consists of land in the western Bahia, western Minas Gerais and southern Maranhao. The operations, known as XinguAgri farms, include production of soybeans, corn, cotton and sugarcane, as well as cotton processing in four locations. Multigrain currently is exploring opportunities for ethanol manufacturing in conjunction with its sugarcane production.
Patrick defends Obama on national TV
This whole flap is a page out of the Republican "Swift Boat" playbook. Take your opponent's strenght and undermine it! I expect the Clinton camp to trot out a group of retired speech writers who "were with Obama in Illinios" and know that he didn't write all of the speeches credited to him. .
Stocks Advance, Led by Techs
Stocks closed higher Wednesday after reversing an earlier drop. Technology issues were among the session's best performers, aided by a strong earnings report from Hewlett-Packard (HPQ). Financial stocks rose later in the day, as minutes from Federal Reserve January policy meetings apparently supported hopes for further interest rate cuts. Stocks tied to precious metals and oil got a lift from gains in commodities futures, as crude oil topped the $100 mark once again to close at a new record. Investors also digested reports showing worsening inflation risks and only slight improvement in the housing market. On Wednesday, the Dow Jones industrial average finished higher by 90.04 points, or 0.73%, at 12,427.26. The broader S&P 500 index added 11.25 points, or 0.83%, to end at 1,360.03.
Al Qaeda in Northern Africa Has Become Pipeline for New Iraq Recruits
According to an intelligence report, Al Qaeda has smuggled up to 800 AK-47s into the region over the past two years to supply training camps. "They train in the desert, return to Morocco and then plan attacks," said a senior intelligence official who asked not to be named. "One hundred percent of new recruits go straight to Iraq." .
Hamlet 2, Polanski doc net distribution deals at Sundance
The film offers a look into the effects of China's massive Three Gorges Dam. It paints an "upstairs, downstairs" portrait by contrasting the comfortable existence of oblivious western passengers on a Yangtze River cruise with the difficult lives of the young Chinese crew — some hailing from families displaced by the flooding of the dam. The film was named best Canadian documentary at the 2007 Vancouver International Film Festival. Last year, Zeitgeist released Canadian documentary maker Jennifer Baichwal's Manufactured Landscapes. Further U.S. deals Fox Searchlight paid an estimated $5 million US for the rights to the black comedy Choke this week. Adapted from the 2001 novel by Fight Club author Chuck Palahniuk, the film features Sam Rockwell as a huckster who feigns choking at restaurants to scam money from his unsuspecting rescuers.
Overview: Fed fails to boost US equities
A second aggressive rate cut in just over a week on Wednesday from the Federal Reserve failed to help Wall Street stocks, while the dollar came under pressure and gold set a record high. The Fed cut both the Fed funds and discount rates by 50 basis points, to 3 per cent and 3.5 per cent respectively. That came after last week's inter-meeting 75bp reduction in the funds rate. .
Country profile: Croatia
It has rumbling disputes with Slovenia over sea and land borders dating back to the break-up of Yugoslavia and the construction of a controversial coastal bridge that will allow motorists to skirt Bosnian territory has drawn criticism from Bosnia. A country of striking natural beauty with a stunning Adriatic coastline, Croatia is again very popular as a tourist destination. .
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