Deputy Chief Correspondent, West & Central Africa
Richard's Feed
Oct 15, 2013

Economy will pick up by year-end: RBI chief

CAMBRIDGE, Massachusetts (Reuters) – India’s economy will pick up by year-end thanks to the start-up of billions of dollars worth of stalled resource projects and a good monsoon season that will bolster agricultural production, the Reserve Bank of India’s chief said on Tuesday.

The Reserve Bank of India is due to review monetary policy on October 29, with a rising pace of inflation bolstering odds for another central bank interest rate hike even as the economy stumbles through its worst crisis since 1991.

Oct 15, 2013

India’s economy will pick up by year-end: central bank chief

CAMBRIDGE, Massachusetts (Reuters) – India’s economy will pick up by year-end thanks to the start-up of billions of dollars worth of stalled resource projects and a good monsoon season that will bolster agricultural production, the head of India’s central bank said on Tuesday.

The Reserve Bank of India is due to review monetary policy on October 29, with a rising pace of inflation bolstering odds for another central bank interest rate hike even as the economy stumbles through its worst crisis since 1991.

Oct 15, 2013

Confidentiality required for Sandy Hook school demolition crews

BOSTON (Reuters) – Workers tearing down Sandy Hook Elementary School in Newtown, Connecticut, site of one of Americas worst school shootings, have been required by the town to sign confidentiality agreements barring them from discussing or photographing the site.

The move is aimed at protecting families of the victims from further airing of details of the incident in which a gunman entered the school last December and opened fire, killing 20 young children and six faculty and staff before turning his gun on himself, Selectman William Rodgers said.

Oct 10, 2013

Economic growth best weapon against Eurosceptics -France Finmin

CAMBRIDGE, Massachusetts (Reuters) – French Finance Minister Pierre Moscovici said on Thursday Europe must prioritize growth over deficit-slashing if it wants to weaken the anti-European movement ahead of elections next year.

He said the European Union had already survived an existential crisis that threatened to bring down the common currency, but was now facing another crisis stemming from a lack of economic growth and high unemployment.

Oct 4, 2013

Man who claims he was shot by ex-NFL star Hernandez arrested

BOSTON (Reuters) – A man who says he was shot in the face by Aaron Hernandez, an ex-NFL star jailed on separate murder charges, was arrested on Friday for skipping a court appearance last month, the U.S. Marshals Service said.

Alexander Bradley was captured in Hartford, Connecticut, after more than three weeks on the run and was scheduled to appear in Hartford Superior Court Friday afternoon, U.S. Marshals Service Supervisor Andrew Tingley said.

Sep 27, 2013

Caesars hopes to hit jackpot with Boston casino bid

BOSTON (Reuters) – Caesars Entertainment Corp’s (CZR.O: Quote, Profile, Research, Stock Buzz) proposed casino in Boston would draw elite international gamblers in the same way Las Vegas does, and marks one of the U.S. gaming industry’s best cash-making opportunities, CEO Gary Loveman said on Friday.

The company, which is pursuing an aggressive expansion agenda in the United States while wrestling with a mountainous debt burden of over $20 billion, is among a handful of major casino operators vying for licenses in Massachusetts.

Sep 26, 2013

Debt-wracked nations could learn from Norway, prime minister says

BOSTON, Sept 25 (Reuters) – Debt-laden European nations, the
United States, and resource-rich developing countries could all
learn from Norway’s tight-fisted spending habits and oil wealth
management, the Scandinavian nation’s outgoing prime minister
said on Wednesday.

Jens Stoltenberg said Norway had become one of the
wealthiest countries in the world mainly by refusing to spend
its huge state oil revenues, instead placing them in a sovereign
wealth fund and using only the annual returns.

Sep 25, 2013

Japan’s ‘Abenomics’ may pave way for investment, Mitsubishi says

BOSTON (Reuters) – Mitsubishi Corp (8058.T: Quote, Profile, Research, Stock Buzz) Chairman Yorihiko Kojima said on Wednesday that Japan’s economic reform agenda could, if successful, pave the way for the company’s expansion in the country’s energy sector.

A sweeping economic policy overhaul by Prime Minister Shinzo Abe aimed at pulling the world’s third largest economy out of a 15-year deflationary period – a policy dubbed “Abenomics” – has succeeded in building market optimism, he said.

Sep 20, 2013

Exotic language stalls U.S. trial of Guinea Bissau’s ex-navy chief

NEW YORK (Reuters) – The United States is struggling to prosecute one of the prized catches in its global war on drugs, Guinea Bissau’s former navy chief Jose Americo Bubo Na Tchuto, because lawyers cannot find enough translators who speak his native Kriol.

Na Tchuto was arrested in a sting off the West African coast in April in the Drug Enforcement Administration’s most high-profile capture of a suspected drugs kingpin in Africa. He was flown to New York where he has been in jail awaiting trial.

Sep 13, 2013

One-armed clapper, parboiled shrew earn Ig Nobel spoof awards

BOSTON (Reuters) – Researchers who swallowed a parboiled shrew, discovered that dung beetles navigate by the stars and invented a machine to launch hijackers from airplanes were among the winners of this year’s Ig Nobel prizes for comical scientific achievements.

The annual prizes, meant to entertain and encourage global research and innovation, are awarded by the Annals of Improbable Research as a whimsical counterpart to the Nobel Prizes which will be announced next month.

    • About Richard

      "Richard is based in Reuters' Dakar bureau where he has helped lead coverage of two dozen countries in West and Central Africa since September 2009. He previously ran Reuters' energy coverage in the Americas as a senior editor based in New York."
    • Contact Richard

    • Follow Richard