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Business - Visa`s investment in Square represents about 1 percent stake

SAN FRANCISCO (Reuters) - Visa Inc , the world`s largest credit and debit card company, said on Friday it currently has about a 1 percent stake in mobile payments company Square Inc based on a 2011 investment. Visa told Reuters its current holdings are just more than 4.19 million shares of Class B common stock. The company has the option to convert up to 3.52 million of these shares into Class A stock, according to a disclosure filed with the Securities and Exchange Commission on Thursday, which would give it at most a 9.99 percent stake in the share class. ...

Saturday, February 13, 2016  01:48


World - The price of watching football in Europe

Since they were taken over by Qatari owners in 2011, ticket subscriptions at French champions Paris Saint-Germain have risen from 325-2,140 euros ($365-$2,400) in 2011/12 to 450 euros-2,800 euros this season. At Olympique Marseille, supporters` groups had from 1987 the right to sell tickets in certain parts of the ground and they added a sum which was officially for membership of their groups. Germany`s football tickets are cheap compared to England, but there were still protests at Borussia Dortmund last week when fans hurled tennis balls onto the pitch in a game to complain over the costs of an away ticket.

Friday, February 12, 2016  21:54


World - Tunisia makes $500 million from ousted president`s assets

Tunisia has made nearly half a billion dollars from the sale of assets confiscated from ousted president Zine El Abidine Ben Ali and his allies, a minister said Wednesday. In the months following Ben Ali`s flight to Saudi Arabia after the January 2011 revolution that ended his rule, the cash-strapped country seized hundreds of businesses, properties, luxury cars and jewellery belonging to him, his family and his allies. `Since 2011, we made around 1.5 billion dinars (of which) around 1 billion ($500 million, 442 million euros) went into the state`s coffers,` Finance Minister Slim Chaker said.

Wednesday, February 10, 2016  17:11


Sports - Golf-Schwartzel surges into contention at Tshwane Open

Four birdies and an eagle helped propel home favourite Charl Schwartzel to within two shots of the lead after a flawless 64 in the second round of the European Tour`s Tshwane Open on Friday. The 2011 Masters champion produced the outstanding golf on a day when the average score was two over par and play was extended into the evening due to a weather delay. Schwartzel is two shots behind leader and compatriot Anthony Michael, whose score of 69 from a roller-coaster second round left him seven under par for the tournament.

Friday, February 12, 2016  17:43


World - South Sudan`s leaders: Kiir and Machar

After more than two years locked in combat, South Sudan`s President Salva Kiir has appointed his arch-rival Riek Machar as vice-president, the post he held from 2005-2013 before being sacked. United Nations experts said in January that Kiir and Machar are both responsible for most of the violence committed during the war, now in its third year despite an August 2015 peace deal. Both are former rebel leaders who rose to power during Sudan`s 1983-2005 civil war between north and south, after which South Sudan seceded in 2011 to form the world`s youngest country.

Friday, February 12, 2016  13:39


World - Turning over new leaf: Ousted Thai PM picks lettuce for the cameras

By Amy Sawitta Lefevre BANGKOK (Reuters) - Former Thai Prime Minister Yingluck Shinawatra opened her home to foreign media on Friday in what analysts said was a bid to boost her family`s profile ahead of a possible election next year. It was Yingluck`s first press conference for foreign journalists since her government was overthrown by the military in 2014 and took place in defiance of the junta`s ban on political activity. `What is simpler than a Yingluck in her garden presenting herself as a housewife and one of the people?` he said.     Yingluck, Thailand`s first female prime minister and sister of fugitive ex-premier Thaksin Shinawatra, swept to power in 2011.

Friday, February 12, 2016  12:10


Asia - Fukushima clean-up `may take 40 years`

Cleaning up Japan`s Fukushima Daiichi nuclear plant, which suffered catastrophic meltdowns after an earthquake and tsunami hit in 2011, may take up to 40 years.

Friday, February 12, 2016  07:46


Top Stories - Five years after revolt, Egypt has come full circle

On the anniversary of the Feb. 11, 2011, revolt, many old problems more entrenched.

Thursday, February 11, 2016  18:48


Business - IMF nominates Lagarde to a second term leading agency

International Monetary Fund chief Christine Lagarde has been nominated to a second term as the agency`s managing director, the IMF said in a statement on Thursday. Lagarde, the first woman to lead the IMF, took the helm as its 11th director in 2011, according to the agency, which said it aims to complete the process as soon as possible. The U.S. Treasury Department supported the move.

Thursday, February 11, 2016  15:48


Business - General Motors to resume operations in Egypt

General Motors will resume operations in Egypt on Sunday, the company said on Thursday, after temporarily halting activities earlier in the week due to its inability to source dollars amid the country`s currency crisis. Import-dependent Egypt has been facing an acute dollar shortage since a 2011 uprising and subsequent political turmoil drove foreign investors and tourists away. `The problem has been solved,` a company official told Reuters by telephone on Thursday, without providing further details.

Thursday, February 11, 2016  15:30

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