Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28619
Posts / Week:89.5
Archived Since:June 8, 2011

Blog Post Archive

Home capital settles with OSC over fraudulent mortgages

Toronto - Home Capital Group and three former executives agreed to pay more than C$30 million ($23 million) to reach settlements with regulators and investors over allegations the Canadian lender misled shareholders about mortgage fraud. Show More Summary

Indonesia to hold neutral monetary policy stance

Jakarta - Indonesia ’s central bank kept its benchmark interest rate unchanged as expected and signaled it will maintain its neutral stance if inflation and the currency remain in line with forecasts. Governor Agus Martowardojo and his...Show More Summary

BP reliance to revive investments in India

Mumbai - BP and Reliance Industries will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast where both companies have faced trouble boosting...Show More Summary

Millions of pounds of apparently fake 'organic' grains

Washington- The organic industry is creating an anti-fraud task force in he wake of a Washington Post report that millions of pounds of "USDA Organic" soybeans and corn imported through Turkey appear to have been fraudulent. Organized...Show More Summary

Verizon to house start-ups in underused buildings

Washington - At telecommunications giant Verizon, massive buildings that used to be filled with bulky computers, copper cables and other gear are sitting vacant, as advances in fibber-optics and computers cut down on the need for equipment space. The...Show More Summary

Microsoft bets gaming consoles have a future

Washington - Microsoft pulled out all the stops this week - flashing lights, pounding music, fake smoke - to debut its new $500 game console (priced at R7 500 on the SA website's landing page), aimed at the kind of hardcore gamer who appreciates a good glamour shot of a microprocessor. Show More Summary

The Pentagon is building robotic wingmen

Washington - A Pentagon effort to incubate businesses in Silicon Valley may be bearing some of its first fruit, as a San Diego company rolls out a set of new drones it says could accompany human-piloted fighters into combat. On Tuesday,...Show More Summary

Several online banks offering better deals on savings accounts

Washington - Rising interest rates haven't offered much relief for savers, but that's starting to change. The Federal Reserve raised its benchmark interest rate by 0.25 percentage points making it the fourth rate hike since DecemberShow More Summary

Gasoline prices likely to remain low this summer

Washington - Oil prices continue to lag despite efforts by supply-giants Saudi Arabia and Russia to reduce a stubborn glut in world supplies. That's good news for US drivers looking for affordable gas prices this summer - but not soShow More Summary

Nike cutting about 2% of workforce

New York - Nike is cutting about 2 percent of its workforce as the athletic brand revamps global operations, part of a bid to move faster and ward off competition from Adidas and Under Armour. The overhaul is an attempt to speed up product development and refocus on key markets, Chief Executive Officer Mark Parker said in a statement. Show More Summary

Oil trades near seven-month low

London - Oil traded near the lowest closing level in seven months as US gasoline supplies unexpectedly rose for a second week. Futures were little changed in New York after slumping 3.7 percent Wednesday, the first drop in four sessions. Show More Summary

Hong Kong parking space sells for $664 300

Hong Kong - A 188-square-foot space on Hong Kong island sold for HK$5.18 million ($664,300), or HK$27 500 a square foot, last month, newspaper Ming Pao reported Wednesday, citing land registration records. The car park cost more than...Show More Summary

Thailand in $67 million deal to buy armoured personnel carriers

Bangkok - Thailand will buy 34 armoured personnel carriers from China worth 2.3 billion baht ($68 million), the Southeast Asian nation's army chief said on Wednesday, the latest sign of closer military relations between he two nations. Show More Summary

Dior CEO optimistic the European economy

Shanghai - Christian Dior SE Chief Executive Officer Sidney Toledano is optimistic the European economy will do better in the coming years, especially with recently elected French President Emmanuel Macron’s promises to reform laborShow More Summary

The impact of UK elections on SA economy

United Kingdom (UK) Prime Minister Theresa May’s gamble of holding a snap election on 8 June so as to secure a strong mandate to negotiate the UK’s exit from the European Union (EU) did not come off. Instead of increasing the Conservative...Show More Summary

US bull market runs out of steam

A crack has finally formed in the foundation of the US bull market. Now investors must decide if any structural damage has been done. This year’s hottest stocks, companies from Facebook and Apple to Netflix and Nvidia, buckled on Friday,...Show More Summary

Americans can't afford rent on a minimum wage

Washington - There is nowhere in this country where someone working a full-time minimum wage job could afford to rent a two-bedroom apartment, according to an annual report released Thursday documenting the gap between wages and theShow More Summary

Decorating apps let you virtually arrange new furniture

Washington - If you were a fan of "The Sims" video game in 2000, you'll be happy to know that a former developer of the game works for Houzz, a platform for home renovation and design. Sally Huang, leader of visual technologies for Houzz...Show More Summary

Google withholds gender pay details

Washington - For the second year in a row, shareholders of Alphabet, the parent company of Google, voted down a proposal asking the tech giant to publish a report on possible pay disparities between its male and female employees. The...Show More Summary

Guidelines on franchise owners, workers

Washington - The expansion of American franchise operations has long fueled job growth, with employment in the businesses increasing 3.4 percent since 2012, compared to two percent elsewhere. From the model's success sprung a debate,...Show More Summary

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