Congo's top court approves postponement of presidential election
- Wall Street again marks new highs in post-election run
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- After-Hours Stock Movers 12/08: (FNSR) (AVGO) (GLPG) Higher; (XTLY) (RH) (DLTH) Lower (more...)
Congolese opposition supporters chant slogans as they destroy the billboard of President Joseph Kabila during a march to press the President to step down in the Democratic Republic of Congo's capital Kinshasa, September 19, 2016. REUTERS/Kenny Katombe/Fil
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
KINSHASA (Reuters) - The Constitutional Court in Democratic Republic of Congo said on Monday it had approved a petition by the electoral commission to delay a presidential election set for November, allowing President Joseph Kabila to remain in office until April 2018.
Kabila was due to step down in December when his two-term mandate expires and his opponents say they fear he intends to first prolong his term in office and then change the constitution to enable himself to run again.
The ruling coalition and part of the opposition say the vote should be held in April 2018 and on Monday their agreement was ratified by delegates at cross-party talks in the capital, one party leader said.
Most opposition parties have boycotted the talks and called for a general strike on Wednesday to put pressure on Kabila. They are likely to be further angered because the court appeared to breach its own quorum rules in reaching Monday's decision.
European Union foreign ministers said on Monday they would prepare economic sanctions against Congo unless it held presidential and parliamentary elections next year.
Kabila says he will respect the constitution but has not made clear if he plans to find a way to run again. Last year, the presidents of neighboring Congo Republic and Rwanda won referendums to change their constitutions to stand for third terms.
(Reporting by Kenny Katombe; Writing by Matthew Mpoke Bigg; Editing by Kevin Liffey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fears of Beijing gambling crackdown sends casino stocks crashing
- Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says
- Asian shares flat but on track for weekly gains
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!