Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:22825
Posts / Week:113.4
Archived Since:June 8, 2011

Blog Post Archive

Tightening of oil markets delayed by surge in supply

World oil markets might take longer to tighten than expected due to a surge in Opec supply and a potential rise in Iranian exports, even as demand shows signs of strength, the International Energy Agency said yesterday. ||| Alex Lawler...Show More Summary

Glencore favours grain expansion over metals

Viterra, the Canadian grain handler owned by Glencore, is exploring possible ventures or acquisitions in the US, the top agriculture producer. ||| Jen Skerritt VITERRA, the Canadian grain handler owned by Glencore, is exploring possible ventures or acquisitions in the US, the top agriculture producer. Show More Summary

Roberts quits as Old Mutual boss

Old Mutual’s Julian Roberts is stepping down as chief executive of Africa’s biggest insurer and will be replaced by Standard Bank Group’s Bruce Hemphill. ||| Renee Bonorchis, Sarah Jones and Tom Beardsworth OLD MUTUAL’S Julian Roberts...Show More Summary

Africa: Continent to fire up gas exports

African seaborne gas exports would play a bigger role in meeting global liquefied natural gas trade growth than the US, whose supply would be capped by mass domestic switching from coal to gas-fired power generation, the West’s energy watchdog said yesterday. Show More Summary

Mozambique: Anadarko close to supply deals

Anadarko Petroleum might soon close sales accords enabling it to authorise a Mozambican project this year that has the potential to make the nation a top three liquefied natural gas (LNG) exporter, a company official said yesterday.Show More Summary

Asia’s stocks follow global surge

Most Asian share markets took cues from a global surge in equities and rose on Thursday. ||| Tokyo - Most Asian share markets took cues from a global surge in equities and rose on Thursday, while weak US economic data sent the dollar lower. Show More Summary

Wall Street ends higher as oil jitters recede

American stocks closed higher on Wednesday, fuelled by gains in oil companies. ||| New York - US stocks closed higher on Wednesday, fuelled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought. Show More Summary

Wall St up on earnings, oil surges

US stocks rallied following several strong earnings reports, while European shares hit a 14-year high. ||| New York - US stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14-year high after the European Central Bank affirmed its loose policy stance. Show More Summary

Fighting strands cargo ships off Yemen

At least five merchant vessels carrying food are stuck off Yemen, shipping data showed, as warships from a Saudi-led coalition search them for weapons. ||| London - At least five merchant vessels carrying food are stuck off Yemen, shipping...Show More Summary

UK watchdog fines BNY

Britain’s markets regulator has fined Bank of New York Mellon 126 million pounds for failing to keep customer money safe during the financial crisis. ||| London - Britain's markets regulator has fined Bank of New York Mellon 126 million pounds for failing to keep customer money safe during the financial crisis. Show More Summary

India builds first ‘smart city’

India’s urban population is set to rise by more than 400 million people by 2050 - but it has a plan to make room for them. ||| Gandhinagar, India - India's push to accommodate a booming urban population and attract investment rests in...Show More Summary

Deutsche Bank fined by Dubai regulator

The Dubai Financial Services Authority has penalised Deutsche Bank AG for “serious breaches”. ||| Dubai - Deutsche Bank AG was fined $8.4 million by the Dubai Financial Services Authority for “serious breaches”. The DFSA, which regulates...Show More Summary

Nokia, miners help lift European shares

European shares touched a new high on Wednesday on the back of Nokia’s Alcatel-Lucent deal and firmer oil and metals prices. ||| London - European shares touched a new 14-year high on Wednesday, with Nokia gaining after agreeing to buy rival telecom equipment maker Alcatel-Lucent, and firmer oil and metals prices boosting energy and mining stocks. Show More Summary

Hong Kong stocks end higher

Hong Kong stocks held firm on Wednesday despite China's weak economic growth data. ||| Hong Kong - Hong Kong stocks held firm on Wednesday despite China's weak economic growth data, amid signs that Chinese mutual fund managers were raising billions of dollars as they sought bargains in the city. Show More Summary

UK FTSE sets fresh record high

Britain’s top share index hit a fresh all-time high on Wednesday, helped by gains in the fashion chain Next and retailer Dixons Carphone. ||| London - Britain's top share index hit a fresh all-time high on Wednesday, helped by gains in fashion chain Next, retailer Dixons Carphone and drugs firm AstraZeneca. Show More Summary

ECB sanctions extra funds for Greek banks

European Central Bank policymakers have sanctioned further emergency funding for Greece's banks, according to a source. ||| Frankfurt - European Central Bank policymakers have sanctioned further emergency funding for Greece's banks, a banking source said, amid clear signs that the wider euro zone economy is picking up. Show More Summary

Nuclear talks on SA-China agenda

South Africa’s trillion-rand nuclear build programme appears to have been discussed during a meeting between SA and China in Pretoria this week. ||| Pretoria - South Africa’s trillion rand nuclear build programme appears to have been...Show More Summary

India has the best argument against net neutrality

Does India present the world’s best argument against net neutrality? Possibly. In a matter of weeks, the country’s telecom regulator will decide whether telecom companies – which also happen to be India’s major internet service providers – will be allowed to charge different prices for differential use of data over the internet. Show More Summary

Woman loses job after sending a text by error to boss

A bookkeeper in Australia has been sacked after calling her boss “a complete d” in a text message – and then accidentally sending it to him. ||| A BOOKKEEPER in Australia has been sacked after calling her boss “a complete d” in a text message – and then accidentally sending it to him. Show More Summary

Harare diamond mines to merge

Controversial alluvial diamond mines at Marange in eastern Zimbabwe, most of which have stopped or greatly reduced operations, will be merged into one company. ||| Peta Thornycroft Harare CONTROVERSIAL alluvial diamond mines at Marange in eastern Zimbabwe, most of which have stopped or greatly reduced operations, will be merged into one company. Show More Summary

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