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Africa’s trading relations have undergone a shift since China began targeting the continent as a source of oil and minerals.
US stock index futures were sharply lower, after Argentina defaulted for the second time in 12 years.
Argentina defaulted for the second time in 12 years after last-ditch talks with what it called “vulture” creditors failed.
Items 61 - 70 of 172
US consumer confidence increased for the third consecutive month in July, hitting its highest level since October 2007.
Flipkart, India's largest e-tailer, said it raised a fresh round of funding worth $1 billion (R10.6 billion).
Shareholders of former Russian oil producer Yukos would be willing to discuss with Russia a court's decision to award them $50 billion (R530 billion) in compensation.
Pfizer's second-quarter earnings plunged 79 percent from last year.
Leading Swiss bank UBS turned in a strong profit performance in the second quarter.
The EU prepared to hit Russia where it hurts with tough economic sanctions as Moscow insisted the West can do it little harm.
US stocks opened higher, lifted by earnings from drug makers Pfizer and Merck that topped Wall Street estimates.
The rouble dropped to its lowest in more than two months amid expectations Russia will soon be hit by more sanctions.
US stock index futures edged higher following better-than-expected results from companies such as Pfizer and Merck.
Deutsche Bank posted a 16-per-cent rise in second-quarter profit as its cost-cutting programme bore fruit and income from debt trading rose.
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