Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:22490
Posts / Week:113.5
Archived Since:June 8, 2011

Blog Post Archive

US: P&G mulls over brand sale, IPO

Procter & Gamble was exploring a sale or initial public offering (IPO) of some of its beauty brands in a single deal, people with knowledge of the matter said, in a move that would accelerate its plans to exit up to 100 product lines. Show More Summary

Naira saves Nigeria from pre-election rate raise

Gains by Nigeria’s currency are saving central bank Governor Godwin Emefiele from having to raise interest rates four days before elections. ||| Daniel Magnowski and Paul Wallace Abuja GAINS by Nigeria’s currency are saving central bank governor Godwin Emefiele from having to raise interest rates four days before elections. Show More Summary

Supercell doubles profit

The success of Clash of Clans and Hay Day helped the Finnish game-maker Supercell boost its sales last year. ||| Helsinki - Finnish mobile game maker Supercell tripled sales and doubled core profit last year on the back of hit titles Clash of Clans, Hay Day and Boom Beach, the company said on Tuesday. Show More Summary

Flint welcomes accountability rules

New rules to make bankers more accountable are “entirely reasonable”, says HSBC chairman Douglas Flint. ||| London - New rules being rolled out to make bankers more accountable were “entirely reasonable” given the pain Britain suffered in the financial crisis, HSBC chairman Douglas Flint said on Tuesday. Show More Summary

Amazon: US lags behind on drones

Amazon.com has blasted America’s federal regulators for being slow to approve commercial drone testing. ||| Washington - E-commerce power Amazon.com blasted federal regulators on Tuesday for being slow to approve commercial drone testing,...Show More Summary

Asian stocks firm amid conflicting signals

Asian stocks were steady on Wednesday, caught between conflicting signals from lower Wall Street and higher euro zone shares. ||| Tokyo - Asian stocks were steady on Wednesday, caught between conflicting signals from lower Wall Street and higher euro zone shares, while the dollar held to modest gains after a rise in US consumer inflation. Show More Summary

Wall Street down for second day

US stocks fell for a second straight session on Tuesday, with equities maintaining a tight range that corresponded with currency fluctuations. ||| New York - US stocks fell for a second straight session on Tuesday, with equities maintaining...Show More Summary

Ex Greek FM fiddled tax list: court

Former Greek finance minister George Papaconstantinou was found guilty of tampering with a list of potential tax evaders. ||| Athens - Former Greek finance minister George Papaconstantinou was found guilty in Athens on Tuesday of tampering...Show More Summary

New RBS chairman defends his record

Howard Davies has defended his role in setting up the regulator that presided over the near meltdown of Britain's banking system. ||| London - Incoming Royal Bank of Scotland chairman Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of Britain's banking system. Show More Summary

Greece vows list of reforms by next week

Greece will present a package of reforms to its euro zone partners by next Monday in the hope of unlocking aid. ||| Athens - Greece said it will present a package of reforms to its euro zone partners by next Monday in hope of unlocking aid to help it deal with a cash crunch and avoid default. Show More Summary

European shares inch up

Forecast-beating economic data from Germany helped lift European shares on Tuesday. ||| Paris - European shares inched higher in early trade on Tuesday after forecast-beating economic data from Germany helped offset a poor reading of Chinese factory activity. Show More Summary

Ford poised to surpass Hyundai in China

Ford is set to open its fourth passenger car assembly plant in China as part of a $4.9bn expansion drive. ||| Shanghai - Ford Motor Company will open its fourth passenger car assembly plant in China on Tuesday as part of a $4.9 billion expansion drive, putting it on track to overtake Hyundai Motor Company in the world’s largest auto market. Show More Summary

S&P cuts outlook on Petrobras rating

Petroleo Brasileiro SA has had the outlook on its credit rating cut by Standard & Poor’s. ||| New York - Petroleo Brasileiro SA had the outlook on its credit rating cut by Standard & Poor’s as the oil producer faces difficulties in financing investments amid Brazil’s largest-ever corruption probe. Show More Summary

Hong Kong shares end down

Hong Kong shares finished lower on Tuesday, dragged down by Chinese firms. ||| Hong Kong - Hong Kong shares finished lower on Tuesday, dragged down by Chinese firms after a survey showed China's manufacturing activity unexpectedly contracted to an 11-month low in March. Show More Summary

Michelin sees rubber rout ending

The slump in global natural rubber prices is probably over because producers are finding it harder to cover their costs, says Michelin & Cie. ||| Bangkok - The slump in global natural rubber prices is probably over because producersShow More Summary

Greek deal with euro zone ‘likely soon’

European Parliament President Martin Schulz expects Greece to reach an agreement with its euro zone partners within days. ||| Rome - European Parliament President Martin Schulz said in an interview published on Tuesday he expected Greece to reach an agreement with its euro zone partners within a week to release much-needed cash. Show More Summary

Microsoft expands Samsung deal

Microsoft is teaming up with Samsung and other manufacturers to install its services on Android-powered devices. ||| San Francisco - Microsoft on Monday unveiled partnerships with Samsung and other manufacturers to install its services - including Word and Skype - on devices powered by the rival Google Android system. Show More Summary

Germany: Trade surplus beats record

Germany’s trade surplus reached e216.9 billion (R2.8 trillion) in 2014, soundly beating a previous record from 2007 of e195.3bn, the German Statistics Office reported yesterday. ||| GERMANY’S trade surplus reached e216.9 billion (R2.8...Show More Summary

Wall Street slips after rally

American stocks edged lower on Monday on the heels of strong gains in the prior week. ||| New York - US stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices. Show More Summary

Asian shares erase gains

Japan’s Nikkei stock average slipped about 0.5 percent on Tuesday, pulling away from the previous session's 15-year highs. ||| Tokyo - An index of Asian shares erased its early gains on Tuesday after a measure of Chinese factory activity unexpectedly skidded to an 11-month low. Show More Summary

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