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Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:21175
Posts / Week:116.8
Archived Since:June 8, 2011

Blog Post Archive

UK's FTSE ticks lower

Britain's top equity index edged lower, with energy shares falling the most following a decline in crude oil prices to a four-year low. ||| London - Britain's top equity index edged lower in early trading on Thursday, with energy shares falling the most following a decline in crude oil prices to a four-year low. Show More Summary

European shares inch up

European shares inched up, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. ||| Paris - European shares inched up in early trade on Thursday, adding...Show More Summary

Hong Kong shares fall on scepticism

Hong Kong shares finished down as investors held back from chasing continuous gains on mainland exchanges due to doubts about the state of China's economy. ||| Hong Kong - Hong Kong shares finished down on Thursday as investors held back from chasing continuous gains on mainland exchanges due to doubts about the state of China's economy. Show More Summary

SABMiller, Coca-Cola create African bottler

SABMiller, Coca-Cola and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations. ||| London/Johannesburg - SABMiller, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks...Show More Summary

China ups efforts to stop tax evasion

China was expanding efforts to rein in what authorities said was tax evasion by foreign companies, with Microsoft being required to pay more than $150 million (R1.61 billion), an official familiar with the matter said yesterday. ||| Bloomberg...Show More Summary

Robot waiters tireless, work for free and even polite

Diners at a restaurant in China will no longer have to deal with human errors from their waiters. ||| DINERS at a restaurant in China will no longer have to deal with human errors from their waiters. Inspired by the Bots cafe from the US, Sam and Cat, a restaurant owner in China has created an eaterie filled with robots. Show More Summary

Brazil builder bribery probe to hit economy

The corruption scandal at Petroleo Brasileiro that has spread to Brazil’s biggest builders is threatening to derail President Dilma Rousseff’s efforts to revive Latin America’s largest economy. ||| Anna Edgerton and Sabrina Valle Rio...Show More Summary

Mercedes owners top China’s rich list – report

Mercedes-Benz wners in China are probably successful and wealthy entrepreneurs while those who drive a Cadillac are likely white-collar workers, according to a brand study released yesterday. ||| Bloomberg Beijing MERCEDES-BENZ owners...Show More Summary

Kenya asked to postpone capital tax

The Nairobi Securities Exchange (NSE) had asked Kenyan authorities to defer the introduction of a capital gains tax next year because it might deter foreign investors, acting chief executive Andrew Wachira has said. ||| Paul Richardson...Show More Summary

Tough road ahead to purge UK banking of ‘toxic culture’

A “toxic culture” that had cost British banks £38.5 billion (R667bn) in fines and compensation over the past 15 years would take a generation to fix, an independent think tank said on Tuesday. ||| Matt Scuffham London A “TOXIC culture”...Show More Summary

Carlyle eyes more investments

Carlyle, the US private equity firm, planned more investments in Nigeria as it spent $147 million (R1.6 billion) to take an 18 percent stake in Diamond Bank, the company said yesterday. ||| CARLYLE, the US private equity firm, planned...Show More Summary

Oil’s bear market overwhelms central bank’s efforts

The naira’s plunge to a record low shows that a bear market in oil is overwhelming attempts by Nigeria’s central bank to shore up the currency with higher interest rates and stiffer reserve requirements. ||| Paul Wallace and Emele Onu...Show More Summary

Apple: The apple of global investment’s eye

A rise in Apple shares on Tuesday pushed the market value of the trend-setting US tech icon above $700 billion (R7.7 trillion), becoming the first company to hit that milestone. ||| A RISE in Apple shares on Tuesday pushed the market...Show More Summary

British reinsurer hunts for clients in 38 African states

One Re, the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, was seeking clients across 38 African countries in the next year as growth outpaces developed regions. ||| Renee Bonorchis ONE Re, theShow More Summary

Xi risks backlash in pushing Silk Road idea

President Xi Jinping’s grand plan to make China the centre of the world again by reviving the ancient Silk Road trading route faces obstacles at its first stop. ||| Ting Shi PRESIDENT Xi Jinping’s grand plan to make China the centre of the world again by reviving the ancient Silk Road trading route faces obstacles at its first stop. Show More Summary

Gemfields: Rough ruby discovery lifts shares

British precious stones mining firm Gemfields had found a 40.23-carat rough ruby at its Montepuez deposit in Mozambique, and termed the find as “one of the most important rubies unearthed in recent times”, it said yesterday. ||| BRITISH...Show More Summary

S&P 500 boosted by tech shares

US stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records. ||| New York - US stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records,Show More Summary

Asian shares edge higher

Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy. ||| Tokyo - Asian stocks hit a one-month high on Thursday as investors bet that more...Show More Summary

Wall Street near record levels

US stocks were flat as the market's recent upward bias held ahead of the Thanksgiving holiday, even as a round of economic data came in below expectations. ||| New York - US stocks were flat on Wednesday as the market's recent upward...Show More Summary

EU unveils R4.2 trillion stimulus plan

The European Union's executive Commission has proposed a 315-billion euro (R4.2 trillion) investment plan to boost the bloc's flagging economy. ||| Brussels - The European Union's executive Commission on Wednesday proposed a 315-billion...Show More Summary

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