Chief economist at the Efficient Group Dawie Roodt said the increase was a record … Read the rest
South Africa’s president says the mining unrest that captured international attention following the police killing of 34 striking miners will be resolved through negotiation.
President Jacob Zuma told the Associated Press that the Aug. 16 killings at the Lonmin PLC … Read the rest
Large multinational companies such as Microsoft and Hewlett Packard have used tax loopholes to avoid billions of dollars in income taxes over the last three years, according to a Senate committee report issued Thursday.
The report says multinationals dodge taxes … Read the rest
- Competitiveness gap widening among European countries
- US remains world’s innovation powerhouse despite decline in overall ranking
- People’s Republic of China most competitive among large emerging markets; India, Russia fall
- Download the full report profiling 144 economies, highlights, rankings and more
Banking institutions Barclays and its subsidiary Absa are discussing combining to operate as one bank in Africa.
“This is expected to involve the combination of Barclays interests in Botswana, Ghana, Kenya, Tanzania, Uganda, Zambia and the Indian Ocean with Absa, … Read the rest
The Competition Tribunal of South Africa has fined Telkom, the one-time monopoly state telephone company, with a $54.8 million fine over unfair competition, according to an Associated Press report this morning.
The tribunal issued the fine Tuesday morning as part … Read the rest
(Reuters) – Barclays chief executive Bob Diamond suddenly quit on Tuesday over an interest rate-rigging scandal that threatens to drag in a dozen more major lenders but suggested the Bank of England had encouraged his bank to manipulate the figures.… Read the rest
(Reuters) – Asian shares fell on Thursday after a weak Spanish bond sale heightened concerns about funding difficulties for weaker euro zone countries, further undermining sentiment hurt by fading expectations of more stimulus from the U.S. Federal Reserve.
MSCI’s broadest … Read the rest
LONDON, Feb 6 (Reuters) – Banks and trading houses have found a way to beat the ravages of economic downturn, storing millions of tonnes of metal with a business model that outsmarts new rules put in place following widespread concern … Read the rest
(Reuters) – Glencore and Xstrata agreed an all-share merger worth $90 billion (56 billion pounds) on Tuesday in the industry’s largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
Glencore, the world’s largest diversified commodities trading house, … Read the rest
Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors’ risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.… Read the rest
REUTERS – Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
The … Read the rest