MAPUTO Feb 19 A railway line in Mozambique, which transports coal from mines owned by Brazil's Vale and Rio Tinto to the export port at Beira, will remain shut at least until next week after heavy rains, logistics group CFM said.
"It is not possible," Alves Cumbe, spokesman for the state-owned ports and railways group said when asked whether the railway line would open this week. "There are still intense rains and the river continues to flood. We cannot intervene at the moment."
Fed official stands by Wall St reforms, says must complete work
NEW YORK, Dec 3 The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.
'Drop those rates' Turkey's Erdogan says in new appeal for lower borrowing costs
ANKARA, Dec 3 Turkish President Tayyip Erdogan on Saturday repeated his call for lower interest rates and said the government would take steps to ensure cheaper borrowing costs to promote consumption and economic growth.