By TJ Strydom JOHANNESBURG (Reuters) - A fortnight after the first Starbucks in South Africa opened in a trendy Johannesburg district, queues still snaked onto the pavement, a sign of the craving for international brands despite an economic slowdown. South African companies Taste Holdings and Grand Parade Investments are betting that demand for relative luxuries such as coffee to go and doughnuts from international chains will endure, even as disposable incomes are squeezed. "I'm not saying I'll be regular, but I'll come back again when I'm in the area." Taste Holdings reckons South Africa can support as many as 150 Starbucks stores and it has opened a second in the new Mall of Africa, one of the largest in Africa's most advanced economy.
NEW YORK (AP) — Stocks were modestly lower in Friday morning after a report on the U.S. economy showed a significant slowdown in hiring last month, echoing weakness seen earlier in the week in Europe and Asia.