Canada's Dollar Approaches 30-Year High After Commodity Prices Increase

(Bloomberg) -- Canada's dollar approached the 30-
year high reached yesterday as prices of the nation's main
commodity exports advanced, boosting the currency's appeal.

The currency has gained almost 12 percent this year on a
strengthening economy and higher prices for Canada's commodity
exports including oil. Crude oil prices touched an 11-month high
in New York after Total SA suspended deliveries from the Dalia
field in Angola because of a mechanical failure. Copper, gold
and silver also gained.


Read more at Bloomberg Currencies News

Mozambique offers property to foreign lenders

(Reuters) - Mozambique hopes to use property to pay off about $350 million in foreign debt to Angola and a handful of eastern European nations, freeing up cash for economic development, its finance minister said on Thursday.

In an interview with Reuters, Finance Minister Manuel Chang said Angola had agreed to the idea in principle and that officials from the two former Portuguese colonies were negotiating the details of the property-for-debt swap.


Read more at Reuters Africa

Crude Oil Rises 11-Month High After Total Declares Angolan Force Majeure

(Bloomberg) -- Crude oil rose to an 11-month high in
New York after Total SA lost production and declared force majeure
at the Dalia field in Angola.

Total's decision covered half the oil pumped at the field,
which had produced 240,000 barrels a day, said Patricia Marie, a
company spokeswoman. A generator failure caused the problem. Oil
also gained because the U.S. government said gasoline stockpiles
fell last week as imports plunged and demand climbed.


Read more at Bloomberg Energy News

Angola rescinds British Airways permit - BA spokesman

(Reuters) - Angola's civil aviation authority has rescinded British Airways' permit to fly into the southwestern African nation, a spokesman for the airline said on Monday.

"We were informed on Friday by the Angolan CAA that it had rescinded BA's seasonal operating permit with immediate effect," BA spokesman Richard Goodfellow said. BA operates one return flight a week between London and Luanda.


Read more at Reuters Africa