Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28596
Posts / Week:90.5
Archived Since:June 8, 2011

Blog Post Archive

Volkswagen gets diesel clarity boost from Fitch

London - Volkswagen debt outlook was raised to stable from negative at Fitch Ratings, which said the bulk of operational and financial risks from the carmaker’s diesel-emissions scandal are now known. Fitch also affirmed Volkswagen’s...Show More Summary

Aspen may face R3 Billion fine in Europe

South Africa-based Aspen, which says it is committed to fair and open competition, could be fined up to 10percent of its global turnover, or some $290million (R3.74billion), if found guilty by EU antitrust regulators. Adrian van denShow More Summary

Why the Brazilian President is charged?

Johannesburg - The chief prosecutor, Rodrigo Janot on Monday evening charged Brazil ’s President, Michel Temer with corruption. According to documents filed at the Supreme Court, Temer is accused of corruption and obstruction of justice. Janot’s...Show More Summary

Oil steadies after fund exit triggers fifth weekly decline

London - Oil steadied after a sell-off among hedge funds triggered crude’s fifth straight weekly loss amid concerns a global surplus isn’t clearing. Prices were little changed, paring an earlier gain of 1.5 percent in New York. Speculators...Show More Summary

Minister Zulu to lead handicraft sector in Africa

Minister of Small Development Ms Lindiwe Zulu, was elected Second Vice-President of the C o-ordination Committee for Development and Promotion of African Handicrafts (CODEPA ) at the 9 th CODEPA Conference of Ministers held in Bulawayo, Zimbabwe on 21-23 June 2017. Show More Summary

Mozambican SOEs fail to account for $500m

Mozambican state companies have failed to account for about a quarter of the proceeds of $2billion (R25.8bn) in loans being investigated, according to a report by Kroll that creditors said was needed for debt restructuring talks to start. Show More Summary

Google scrubbing private medical records

San Francisco - Alphabet’s Google has quietly decided to scrub an entire category of online content personal medical records from its search results, a departure from its typically hands-off approach to policing the web. Google lists the information it removes from its search results on its policy page. Show More Summary

VIDEO: China turning to shopping malls to gauge spending

Beijing - China is turning to shopping malls and convenience stores to better gauge spending in he world’s largest consumer market, the latest step toward upgrading its economic indicators. The gauges measure operations for those businesses...Show More Summary

In-app tipping for Uber drivers

Washington - Uber has introduced in-app tipping for drivers, a feature sought by ride-hailing giant's workforce and long-offered by chief competitor Lyft. The feature was launched in Minneapolis, Seattle and Houston. T he company said...Show More Summary

Mortgage rates dip slightly

Washington - According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.9 percent with an average 0.5 point. [Points are fees paid to a lender equal to 1 percent of the loan amount.] It...Show More Summary

The next trade war could be a food fight

Washington - In a time of warfare, a country doesn't want to suddenly discover that it relies on far-off trading partners for the goods its people or military need. It's far better for a country to be able to produce the basic stuff of survival within its own borders. Show More Summary

Tourism is booming in US but no hotel jobs

Washington - Tourism is thriving in the nation's capital, with the District of Columbia's visitors bureau declaring a record year for US foot raffic in 2016. But at Washington's hotels, hiring has been more or less flat for two decades. The...Show More Summary

Artificial intelligence to make travel smarter

Washington - New artificial intelligence (AI) technologies promise to make travel a little smarter. The latest entrant is Aeromexico's new AI-based customer-service bot, billed as a "smart brain" capable of machine learning. It launched...Show More Summary

Next iPhone to look like Google Glass

Washington - Augmented reality is one of Apple's big new areas of focus, which it highlighted earlier this month at its Worldwide Developers Conference. But how will Apple use AR, which involves using a screen to overlay digital objects...Show More Summary

German gas stations to run dry after refinery fire

London - A fire at a Total SA oil refinery in eastern Germany last month is leaving some of the region’s gas stations short of gasoline and diesel as prolonged disruption at the plant is increasingly felt by consumers. The incident at...Show More Summary

Moody’s cuts ratings on Australia’s banks

Sydney - Moody’s Investors Service cut the long-term credit rating of Australia’s four biggest banks, saying surging home prices, rising household debt and sluggish wage growth pose a threat to the lenders. Australia & New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank. Show More Summary

Home capital settles with OSC over fraudulent mortgages

Toronto - Home Capital Group and three former executives agreed to pay more than C$30 million ($23 million) to reach settlements with regulators and investors over allegations the Canadian lender misled shareholders about mortgage fraud. Show More Summary

Indonesia to hold neutral monetary policy stance

Jakarta - Indonesia ’s central bank kept its benchmark interest rate unchanged as expected and signaled it will maintain its neutral stance if inflation and the currency remain in line with forecasts. Governor Agus Martowardojo and his...Show More Summary

BP reliance to revive investments in India

Mumbai - BP and Reliance Industries will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast where both companies have faced trouble boosting...Show More Summary

Millions of pounds of apparently fake 'organic' grains

Washington- The organic industry is creating an anti-fraud task force in he wake of a Washington Post report that millions of pounds of "USDA Organic" soybeans and corn imported through Turkey appear to have been fraudulent. Organized...Show More Summary

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