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Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:21640
Posts / Week:114
Archived Since:June 8, 2011

Blog Post Archive

Hollande, Kerry focus on extremism

Policies to boost economic growth and development will be important to prevent disillusioned youth from turning into extremists, both politicians said. ||| Davos, Switzerland - Policies to boost economic growth and development will be...Show More Summary

Merkel urges digital economy catch up

Boosting the role of IT in the industry must be one of Europe's priorities in order to catch up with global competitors, the German Chancellor said. ||| Davos - Boosting the role of information technology in the industry must be one of Europe's priorities in order to catch up with its global competitors, German Chancellor Angela Merkel said Thursday. Show More Summary

Swiss bank’s move leaves investors guessing about dollar policy future

After Switzerland shocked markets by scrapping its currency cap, investors are beginning to ask whether a policy surprise may be lurking for the dollar, too. ||| Rachel Evans and Lananh Nguyen New York AFTER Switzerland shocked markets...Show More Summary

Currency set to weaken further

ANGOLA’S kwanza may weaken a further 20 percent this year as the slump in oil batters dollar revenue, according to the country’s biggest bank by assets. ||| ANGOLA’S kwanza may weaken a further 20 percent this year as the slump in oil batters dollar revenue, according to the country’s biggest bank by assets. Show More Summary

Shift to cloud computing requires a profit sacrifice

FOR IBM, converting to the cloud is taking a toll. Even though it’s necessary to drive future growth, the company has to sacrifice profits for now. ||| FOR IBM, converting to the cloud is taking a toll. Even though it’s necessary to drive future growth, the company has to sacrifice profits for now. Show More Summary

Gold price regains five-month high

GOLD exceeded $1 300 (R15 112) an ounce for the first time since August on speculation slowing global growth will prompt central banks to boost stimulus, spurring haven demand. ||| Glenys Sim, Debarati Roy and Eddie van der Walt NewShow More Summary

Naira dealers agree on terms

CURRENCY dealers in Nigeria agreed at a meeting yesterday to halt trade if the naira, hard hit by tumbling oil prices, fell more than 2 percent in a session against the US dollar, they said. ||| CURRENCY dealers in Nigeria agreed atShow More Summary

cloudy outlook

Rough road for IBM despite Ginni Rometty taking drastic measures to transform the firm ||| Rough road for IBM despite Ginni Rometty taking drastic measures to transform the firm

Forecast points to IBM in trouble

IBM forecast 2015 profit that trailed some analysts’ estimates, as chief executive Ginni Rometty tries to return the company to growth as demand for services wanes and hardware sales continue to tumble. ||| Alex Barinka New York IBM’s...Show More Summary

Total to cut spending amid lower oil prices

French oil and gas company Total would cut spending on ageing North Sea fields and on US shale production after the recent plunge in oil prices, its chief executive said yesterday. ||| Dmitry Zhdannikov Davos FRENCH oil and gas company...Show More Summary

China pours cash in to banks to spark growth

CHINA’S central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan (R94bn) worth of short-term loans into banks to spur growth from a 24-year low. ||| Reuters Beijing CHINA’S central bankShow More Summary

BHP Billiton to reduce US rigs after oil slump

BHP BILLITON, the biggest overseas investor in US shale, will cut the number of its rigs there by about 40 percent as plunging petroleum prices add to concerns about lower iron ore earnings. ||| David Stringer BHP BILLITON, the biggest...Show More Summary

PIC to join payment ruling appeal

THE PUBLIC Investment Corporation (PIC) and Ecobank Transnational would jointly appeal an Abidjan Commercial Court decision to award former Ecobank chief executive Thierry Tanoh a multimillion-dollar payment for defamation. ||| THE PUBLIC...Show More Summary

Top economists clash over Euro debt

Top economists in Davos clashed over the impending decision by the ECB to buy up sovereign debt. ||| Top economists in Davos clashed on Wednesday over the impending decision by the ECB to buy up sovereign debt, an unprecedented measure...Show More Summary

Slower growth may be good for China

Somewhat slower growth will allow a reformed Chinese economy to become more stable, said central bank head. ||| Davos, Switzerland - Somewhat slower growth will allow a reformed Chinese economy to become more stable and should be good news, the head of China's central bank said on Wednesday. Show More Summary

Geopolitical storm clouds loom

Geopolitical risk is back with a bang, but partying financial markets have barely registered it, yet. ||| Davos - Geopolitical risk is back with a bang due to conflict in Ukraine, the Islamic State insurgency in Iraq and Syria, the politics...Show More Summary

European shares stall after rally

European shares paused on Wednesday after a four-day rally driven by expectations of ECB quantitative easing. ||| Paris - European shares paused on Wednesday after a four-day rally driven by expectations the European Central Bank isShow More Summary

Russia not planning oil output cut

Russia may see a natural decline in oil output but has no plans to cut production in coordination with OPEC. ||| Davos - Russia may see a natural decline in oil output by around 1 million barrels per day (bpd) at most but has no plans...Show More Summary

Standard in fix over China fraud probe

Standard Bank Group might make further writedowns on stockpiles entangled in Chinese fraud investigation. ||| Johannesburg - Standard Bank Group might make further writedowns of about $80 million (R927m) on the value of aluminium stockpiles entangled in a Chinese fraud investigation, two fund managers said. Show More Summary

US more attractive to invest than China

A survey of chief executives around the world has found the US has overtaken China as the most important overseas growth market. ||| Davos - A survey of chief executives around the world has found the US has overtaken China as the most important overseas growth market. Show More Summary

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