Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:23391
Posts / Week:113.1
Archived Since:June 8, 2011

Blog Post Archive

If talks fail, Grexit will be inevitable

Greece cannot make debt repayments to the International Monetary Fund next month unless it achieved a deal with creditors, its interior minister said yesterday. ||| Reuters Athens/London GREECE cannot make debt repayments to the International...Show More Summary

UK: Tobacco firms challenge law

Philip Morris International and British American Tobacco filed lawsuits to challenge a new UK law that will strip cigarette packs of most branding and artwork. ||| PHILIP Morris International and British American Tobacco filed lawsuits to challenge a new UK law that will strip cigarette packs of most branding and artwork. Show More Summary

Richemont sees profit drop amid forex rise

Richemont, the second-largest maker of luxury goods, forecasts profitability will drop this year as the surge in the Swiss franc increases the cost to produce timepieces by Jaeger-LeCoultre and IWC Schaffhausen. ||| Corinne Gretler RICHEMONT,...Show More Summary

BlackBerry cuts jobs globally

BlackBerry is cutting jobs at offices around the world as it brings together the different parts of its shrinking smartphone business. ||| BLACKBERRY is cutting jobs at offices around the world as it brings together the different parts of its shrinking smartphone business. Show More Summary

Eyes on Congress to speed up deal

States hoping to set up a free trade zone across the Pacific could not hold a key meeting until both houses of the US Congress passed legislation speeding the passage of the deal, a Chilean minister said, underscoring another major hurdle for the pact. Show More Summary

It’s the global tax system that needs reform

A question and answer session with Winnie Byanyima, the executive director of Oxfam International. ||| A QUESTION and answer session with Winnie Byanyima, the executive director, Oxfam International. 1) What is on your agenda for WEF...Show More Summary

Asian shares down on US rate hike bets

Asian shares got off to a lacklustre start on Monday. ||| Tokyo - Asian shares got off to a lacklustre start on Monday, after rising inflation and a hawkish tone from the US Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates. Show More Summary

Investors eye Pfizer mega-deal

Pfizer built itself into a $212 billion (R2.5 trillion) behemoth by spending more money on acquisitions than any other drugmaker. ||| New York - Pfizer built itself into a $212 billion (R2.5 trillion) behemoth by spending more money on acquisitions than any other drugmaker in the world. Show More Summary

Montblanc takes on Apple

By the end of the decade, smartwatches from Apple and others might elicit guffaws rather than envy. ||| Zurich - By the end of the decade, smartwatches from Apple and others might elicit guffaws rather than envy. At least that is the...Show More Summary

Labour delegation condemns Swaziland

A delegation from the International Trade Union Confederation (Ituc) has concluded an inspection tour of Swaziland. ||| Mbabane - A delegation from the International Trade Union Confederation (Ituc) has concluded an inspection tour of...Show More Summary

Joburg seeks to curb power cuts

The City of Joburg is considering generating power from sources ranging from sewage to water pipes to help end electricity cuts. ||| Johannesburg - The City of Joburg is considering generating power from sources ranging from sewage to water pipes to help end electricity cuts that shutter shops and cause traffic gridlock. Show More Summary

Harare cancels platinum ore levy

Zimbabwe would allow platinum mining companies to continue exporting an unrefined form of the precious metal, it said. ||| Harare - Zimbabwe would allow platinum mining companies to continue exporting an unrefined form of the precious metal, it said on Friday. Show More Summary

‘Brics bank’ must learn as it grows

To succeed where others failed, it has to monitor what works ||| Johannesburg - The World Bank started out with the same ideals as the Brics countries’ New Development Bank – to build infrastructure and promote development - yet today it has lost focus and is unsure of its purpose. Show More Summary

The epic rise of the $50 000 rental

The market for high-end rentals is booming, with plenty of enticing options for tenants of every taste, writes Patrick Clark. ||| New York - Here is good news for the plutocrat who wants to try out Manhattan’s ritziest neighbourhoods before taking the multi-million-dollar plunge. Show More Summary

AIIB: China, India set to be main shareholders

China is likely to hold a 25-percent stake in the new Asian Infrastructure Investment Bank. ||| Singapore - China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB), while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations. Show More Summary

China’s looming regulations spark green push

Companies operating in China face tighter rules on pollution. Adam Jourdan and Sue-Lin Wong report... ||| Shanghai - Apple is planting trees, Mars may move to “zero carbon” and Foxconn Technology Company Ltd is spending millions of dollars to give its factories a “green” makeover, as companies operating in China face tighter rules on pollution. Show More Summary

European shares hold steady

The FTSEurofirst 300 index steadied around the previous session’s three-week highs on Friday. ||| London - The pan-European FTSEurofirst 300 index steadied around the previous session's three-week highs on Friday, with investors focusing on speeches from leading central bankers due later in the day for hints about the market's near-term direction. Show More Summary

Hong Kong shares jump

Hong Kong stocks were on Friday buoyed by further gains in mainland China markets. ||| Hong Kong - Hong Kong stocks rose on Friday, buoyed by further gains in mainland China markets and expectations of fresh money inflows from Chinese investors. Show More Summary

Mills seeks $40m to restart Zambia mine

Plinian Capital founder Brad Mills plans to raise $40m from private equity funds to restart a Zambian nickel mine where operations ceased in 2012. ||| Lusaka - Plinian Capital, founded by former Lonmin Plc Chief Executive Officer Brad...Show More Summary

Vodafone boosts Britain’s FTSE

Britain's top share index looked set to end the week on a positive footing after Vodafone extended a recent rally. ||| London - Britain's top share index rose on Friday and was set to end the week on a positive footing after telecoms company Vodafone extended a recent rally driven by merger speculation. Show More Summary

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