Blog Profile / Business Report
| URL : | http://www.iol.co.za/business | |
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| Filed Under: | Business & Finance | |
| Posts on Regator: | 12924 | |
| Posts / Week: | 126.1 | |
| Archived Since: | June 8, 2011 | |
Blog Post Archive
UK economy avoids recession
The British economy grew by 0.3 per cent in the first quarter of 2013, data released confirmed. ||| London - The British economy grew by 0.3 per cent in the first quarter of 2013, data released Thursday confirmed. The country's gross...Show More Summary
US stock slump continues
New York - A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. ||| A global stock market slump is continuing on Wall Street as traders worry about the Federal Reserve.
Ralph Lauren’s profit rises
Ralph Lauren is reporting a 35 percent increase in fourth-quarter profit. ||| New York - Ralph Lauren is reporting a 35 percent increase in fourth-quarter profit, but economic challenges here and abroad and certain strategic initiatives cut into sales. Show More Summary
Wall Street to drop at open
US stocks were set for a lower open, with the S&P 500 on track for its first back-to-back daily drop in a month. ||| New York - US stocks were set for a lower open on Thursday, with the S&P 500 on track for its first back-to-back daily...Show More Summary
US suggests job strength
The number of Americans filing new claims for unemployment benefits fell more than expected last week. ||| Washington - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to...Show More Summary
EU wants firms to reveal tax bills
Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay. ||| Brussels - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country...Show More Summary
IMF's Lagarde - a pragmatist
Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance. ||| Paris - Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance...Show More Summary
UK regulator fines JPMorgan
Britain's Financial Conduct Authority said it has fined a wealth management unit of US bank JPMorgan Chase 3.08 million pounds. ||| London - Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of US...Show More Summary
US futures fall
US stock index futures fell, putting the S&P 500 on track for its first daily back-to-back declines in a month. ||| New York - US stock index futures fell on Thursday, putting the S&P 500 on track for its first daily back-to-back declines...Show More Summary
Yen jumps with franc amid signs
The yen jumped the most in almost three months against the dollar and five weeks versus the euro. ||| London - The yen jumped the most in almost three months against the dollar and five weeks versus the euro as Chinese manufacturing shrank and stocks fell around the world, reviving demand for the safety of Japan’s currency. Show More Summary
Bernanke, growth fears send shares lower
Concerns over the future of the US Federal Reserve's monetary stimulus and weak Chinese factory data sent shares sharply lower. ||| London - Concerns over the future of the US Federal Reserve's monetary stimulus and weak Chinese factory data sent shares sharply lower and safe haven currencies like the yen higher on Thursday. Show More Summary
Vale, Rio Tinto attacked in Mozambique
Vale and Rio Tinto have neglected thousands of Mozambicans who have been moved from mining areas and resettled without proper homes or income, Human Rights Watch alleged. ||| Maputo - Global mining giants Vale and Rio Tinto have neglected...Show More Summary
SABMiller boosted by Latam, Africa surges
SABMiller has forecast margin expansion in the year ahead after profit grew in line with expectations. ||| Brussels - SABMiller, the world's second-biggest brewer, forecast margin expansion in the year ahead after profit grew in line with expectations thanks to a surge in earnings in Latin America and Africa. Show More Summary
Tax havens key source of investment
Nearly half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens. ||| London - Nearly half of the money that multinationals and wealthy investors poured into emerging markets...Show More Summary
Guinea approves BHP, Global Alumina stake sale in refinery project
The government of Guinea said it has given approval to BHP Billiton and Global Alumina to sell their stake in a bauxite and alumina project. ||| Conakry - The government of Guinea said on Wednesday it has given approval to BHP Billiton...Show More Summary
Ford to halt output in Australia in 2016
Ford announced it would cease making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs. ||| Melbourne - Ford announced Thursday it would cease making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, having produced its first car in the country in 1925. Show More Summary
IMF's managing director in court
IMF chief Christine Lagarde arrived in court to be questioned by a French magistrate over her role in an arbitration payment. ||| Paris - IMF chief Christine Lagarde arrived in court on Thursday to be questioned by a French magistrate...Show More Summary
Nissan to recall 841,000 vehicles
Nissan Motor will recall about 841,000 vehicles worldwide including the Micra compact car. ||| Tokyo - Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No.2 automaker said on Thursday. Show More Summary
Kenya economy to grow by 6%
Kenya's economy is expected to grow by about 6 percent in 2013, up from a growth rate of 4.6 percent last year. ||| Nairobi - Kenya's economy is expected to grow by about 6 percent in 2013, up from a growth rate of 4.6 percent last year, driven by growth in sectors like agriculture, the planning minister said on Thursday. Show More Summary
European shares slide
European shares went into a tailspin, spooked by concerns that the US Federal Reserve could soon taper its stimulus programme. ||| London - European shares went into a tailspin early on Thursday, spooked by concerns that the US Federal Reserve could soon taper its stimulus programme and compounded by weak economic data from China. Show More Summary