Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:26966
Posts / Week:102.3
Archived Since:June 8, 2011

Blog Post Archive

Former VW boss under investigation

Winterkorn under investigation for having allegedly manipulated the market by withholding #Dieselgate info. ||| Wolfsburg, Germany - Volkswagen's former boss Martin Winterkorn is under investigation for having allegedly manipulated the...Show More Summary

Greece’s bailout funds released

Greece secures more than seven billion euros in bailout funds after a review of its progress in implementing economic reforms. ||| Athens - Greece got more than 7 billion euros in bailout funds on Tuesday after a review of the country's progress in implementing economic reforms, the head of the euro zone's bailout fund told reporters in Athens. Show More Summary

Spirit CEO vows to get flights on time

Spirit CEO Robert Fornaro is trying to do something about the discount airline’s flight delays and late arrivals. ||| Atlanta - Many passengers on Spirit Airlines have had it with the discount carrier’s flight delays and late arrivals. Show More Summary

Management reshuffle for Rio Tinto

Mining giant Rio Tinto names new heads to lead its key iron ore and copper divisions. ||| Melbourne - Rio Tinto Group, the world’s second-biggest mining company, named new heads to lead its key iron ore and copper divisions as its incoming top executive prepares to take up his post next month. Show More Summary

Plunging naira knocks Africa’s richest person

Nigeria’s Aliko Dangote fell 25 places on the Bloomberg Billionaires Index as the naira tumbled on its first day of trading without a peg to the US dollar. ||| London - Nigerian billionaire Aliko Dangote, Africa’s richest person, fell...Show More Summary

BHP re-assesses coal operations

Global miner BHP Billiton has outlined the path for its coal business to improve returns. ||| Johannesburg - BHP Billiton on Tuesday outlined the path for its coal business to improve returns, which involves unlocking productivity, reducing costs and releasing latent capacity. Show More Summary

BRICS bank to issue debt in members’ currencies

The bank established by the BRICS emerging economies plans to issue debt in the local currencies of its five member countries. ||| St Petersburg - The New Development Bank (NDB), an infrastructure-focused lender established by the BRICS...Show More Summary

Facebook investors back return of board

Facebook shareholders have re-elected all eight members of the social network’s board. ||| San Francisco - Facebook shareholders re-elected all eight members of the social network’s board, including Peter Thiel, the investor backing a controversial lawsuit against Gawker. Show More Summary

Brexit could be tough on SA

If Britain decides to leave the EU, South Africa could face a serious trade dilemma, says economist Mike Schussler. ||| Durban - If Britain votes to quit the EU this week, South Africa’s relationships with its biggest trading partners could turn “awkward”. Show More Summary

Wal-Mart rips up China online strategy

Wal-Mart has sold its Chinese online grocery store in return for a stake in the country's second-biggest e-commerce firm. ||| New York/Shanghai - Wal-Mart Stores has sold its Chinese online grocery store in return for a stake in the country's no. Show More Summary

Heinz faces legal action in Australia

Australia’s consumer watchdog claims Heinz made false representations about the health value of its Little Kids Shredz products. ||| Sydney - Australia’s consumer watchdog on Tuesday launched court action against food giant Heinz, claiming it had made false representations about the health value of its Little Kids Shredz products for toddlers. Show More Summary

Dell sells its software unit

Dell begins streamlining move ahead of its planned merger with EMC Corporation. ||| Hong Kong - Dell agreed to sell its software unit to buyout firm Francisco Partners Management LLC and the new private equity arm of hedge fund Elliott Management, streamlining the company ahead of its planned merger with EMC Corporation. Show More Summary

IMF extends Malawi loan programme

The International Monetary Fund will increase loans to Malawi by $76.8 million. ||| Lilongwe - The International Monetary Fund (IMF) will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country. Show More Summary

Cheap robots possible with mass production?

The researcher spearheading Toyota’s robotics efforts says the automaker’s production principles can be applied to build affordable robots for the elderly. ||| Tokyo - The researcher hired by Toyota Motor to spearhead its robotics and...Show More Summary

Clean-air battle mounts in Paris

Paris Mayor Anne Hidalgo says the French city’s monuments will take your breath away - but she pledges that its pollution will not. ||| Paris - Paris will no longer take your breath away. Its monuments, avenues and restaurants might, of course, but Mayor Anne Hidalgo is pledging its pollution won’t. Show More Summary

VW to face wrath of its shareholders

There could be fireworks at Volkswagen’s AGM this week as the carmaker is still struggling to move on from “Dieselgate”. ||| Berlin - Embattled German auto giant Volkswagen will face the wrath of its shareholders at its annual meeting on Wednesday as it struggles to steer itself out of an unprecedented engine-rigging scandal. Show More Summary

Zimbabwe delays military pay

Cash-strapped Zimbabwe’s army and air force personnel will be paid two weeks after their usual payday. ||| Harare - Army and air force personnel in Zimbabwe will be paid two weeks after their usual payday because the cash-strapped finance ministry can’t meet its wage obligation on time. Show More Summary

Branson warns of Brexit repercussions

Billionaire businessman and Virgin Group founder Sir Richard Branson says a Brexit would be devastating for UK prosperity. ||| London - Sir Richard Branson has warned that Brexit would be “devastating” for the long-term prosperity of the UK. Show More Summary

Zuckerberg quizzed on ‘reptilian conspiracy’

Mark Zuckerberg would like you to know he is not a shape-shifting lizard person bent on world domination. ||| Washington - Mark Zuckerberg would like you to know he is not a shape-shifting lizard person bent on world domination. Read...Show More Summary

Can a group of doctors keep an $8bn secret?

If you ask someone not to do something, there’s a fair chance they’ll do it anyway. A medical organisation learnt this the hard way. ||| Minneapolis - In New Orleans on Monday, a major medical organisation attempted a feat perhaps as hard as treating the disease doctors were there to discuss. Show More Summary

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