NAIROBI (Reuters) - Kenya's house prices rose by 7.1 percent in the third quarter of 2012 compared to the same period last year, a real estate firm said on Wednesday, as lower mortgage rates on the back of falling interest rates spurred demand for prime real estate.Housing has been one of Kenya's fastest growing sectors over the last decade, fuelled by a burgeoning middle class with higher disposable...
New exhibition explores our love and hate of money
Labels: Business
NEW YORK (Reuters) - How does money make you feel? Fearful, stressed, happy?U.S. financial guru Suze Orman has teamed with the producer of the popular Body Worlds exhibits for a new traveling show to look at how we relate to and understand money.Orman, media star and author of best-selling books on personal finance, described the finance-themed exhibit as "an extension of my life's work as a financial...
Analysis: Mortgage demand too much for U.S. banks, who respond slowly
Labels: Business
(Reuters) - Big U.S. banks are hiring mortgage bankers to meet a surge in demand for home loans and refinancings, but they are still struggling to process applications, which could undermine the Federal Reserve's attempts to stimulate the economy.Since the Fed announced its plan in September to buy up to $40 billion of mortgages a month, consumer mortgage rates have fallen more slowly and by less...
Jan
06
Different challenges in Central African Rep., Mali
Labels: WorldBANGUI, Central African Republic (AP) — Two land-locked, desperately poor African countries are gripped by rebellions in the north that have left huge chunks of both nations outside of government control. Neighboring countries are rushing troops into Central African Republic only a few weeks after rebels started taking towns but Mali's government is still awaiting foreign military help nearly one...
Mali's Islamists withdraw cease-fire pledge
Labels: WorldBAMAKO, Mali (AP) — An Islamist group in northern Mali says it's suspending its pledge to halt hostilities less than a month after it agreed to do so.The group Ansar Dine said negotiations with the Malian government are ultimately aimed at a military intervention to oust the Islamists from the West African nation and are not true peace talks. Still, the group said it remains committed to a dialogue...
New child soldier fears in C. African Republic
Labels: WorldBANGUI, Central African Republic (AP) — The U.N. children's agency says it's concerned about a growing number of children being recruited by armed groups in Central African Republic as President Francois Bozize's government faces a rebellion in the north.UNICEF said Friday it has received "credible reports that rebel groups and pro-government militias are increasingly recruiting and involving children...
Jan
05
Ukraine fights spreading HIV epidemic
Labels: Health
BUCHA, Ukraine (AP) — Andrei Mandrykin, an inmate at Prison No. 85 outside Kiev, has HIV. He looks ghostly and much older than his 35 years. But Mandrykin is better off than tens of thousands of his countrymen, because is he receiving treatment amid what the World Health Organization says is the worst AIDS epidemic in Europe.Ahead of World AIDS Day on Saturday, international organizations have urged...
Awareness of HIV Risk Has Dropped Among Gay Men Even As Infection Rates Rise
Labels: Health
More than 30 years after the dawn of the HIV epidemic, the significance of the infection and awareness for how it's transmitted has dropped precipitously among young people, especially among gay men, according to new data from the federal government.National statistics for 2010 show that more than one-quarter of all new HIV infections are among youths ages 13 to 24. Of the estimated 47,500 new infections...
Health officials: Athens has spiraling HIV crisis
Labels: Health
ATHENS, Greece (AP) — Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece struggles through a protracted financial crisis in which funding for health care and drug treatment programs has been slashed.While there were about 10-14 new HIV infections per year among Athens drug users from 2008 to 2010, that...
Jan
03
Zurich puts Sandy storm damage claims at $700 million
Labels: Business Natural gas distributor Laclede Group Inc is buying two utilities from Energy Transfer Equity LP for $1 billion, doubling its customer numbers and boosting its exposure to more stable state-regulated income.More than 91 percent of Laclede's earnings will come from rate-regulated business after the acquisition of Missouri Gas Energy and New England Gas Co, owned by Energy Transfer's affiliate,...
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