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Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:22011
Posts / Week:113.3
Archived Since:June 8, 2011

Blog Post Archive

Greece seeks six-month extension

Greece's government has formally submitted a request for a six-month extension to its loan agreement with the euro zone. ||| Athens - Greece's government has formally submitted a request for a six-month extension to its loan agreement with the euro zone, a government official told Reuters on Thursday. Show More Summary

Greece ‘optimistic’ about compromise

Greece is expected to make a formal request for a loan extension from eurozone finance ministers on Thursday. ||| Athens - Greece is due to make a formal request for a loan extension from eurozone finance ministers on Thursday, saying it is “optimistic” about a compromise with EU and ECB to avoid a looming “Grexit”. Show More Summary

European shares edge off highs

A slide in oil prices and a mixed batch of corporate results knocked European shares on Thursday. ||| London - European shares edged off seven-year highs on Thursday, hit by a slide in oil prices and a mixed batch of corporate results, with disappointing updates from companies including utility Centrica and airline Air France-KLM. Show More Summary

Canadian cow infected with BSE

Canada has confirmed its first case of bovine spongiform encephalopathy - or mad cow disease - since 2011. ||| Winnipeg, Manitoba - A Canadian beef cow infected with bovine spongiform encephalopathy was born on an Alberta farm in 2009,...Show More Summary

US urges Greece to agree to deal

US Treasury Secretary Jack Lew urged Greece to find a quick “constructive path” towards a bailout deal with its creditors, Greek media reports. ||| Athens - US Treasury Secretary Jack Lew urged Greece to find a quick “constructive path” towards a bailout deal with its creditors, Greek media reports. Show More Summary

Nutella’s home bids Ferrero arrivederci

The home of Nutella bid farewell to Michele Ferrero, who dreamt up the chocolate-hazelnut spread, Ferrero Rocher pralines, Kinder eggs and Tic Tac mints. ||| Alba, Italy - The home of Nutella bid farewell on Wednesday to Michele Ferrero,...Show More Summary

Botswana cuts interest rates

Botswana has cut interest rates by one percentage point to 6.5 percent, the central bank said. ||| Gaborone - Botswana has cut interest rates by one percentage point to 6.5 percent, the central bank said on Wednesday. Rates were last cut in December 2013 by 0.5 percent. Show More Summary

Bank of Namibia raises repo rate

The Bank of Namibia on Wednesday raised the repo rate for commercial banks a third time within eight months to 6.25 percent. ||| Windhoek - The Bank of Namibia on Wednesday raised the repo rate for commercial banks a third time within eight months to 6.25 percent, its governor Ipumbu Shiimi said. Show More Summary

Futures flat as Greece clarity sought

US stock index futures were flat on Wednesday as investors waited to see whether a Greek debt deal would be reached. ||| New York - US stock index futures were flat on Wednesday, a day after the S&P 500 ended above 2,100 for the first...Show More Summary

Greece documents 'show efforts'

Documents released on Wednesday suggest a more flexible line by Greece to placate euro zone creditors. ||| Athens - Greece offered to accept conditions on an extension to its loan agreements with the euro zone, and even an inspection...Show More Summary

Kuroda sees inflation on track

Bank of Japan Governor Haruhiko Kuroda says he remains on standby to adjust monetary policy if needed. ||| Tokyo - Bank of Japan Governor Haruhiko Kuroda said he remains on standby to adjust monetary policy if needed after the policy board on Wednesday maintained record stimulus. Show More Summary

Zambia Sugar to spend $82m on refinery

Cane producer Zambia Sugar plans to double its refined output capacity to almost 100 000 tons. ||| Johannesburg - Africa's top cane producer Zambia Sugar plans to spend $82 million to construct a refinery that would double its annual refined production as well as make other factory improvements, the firm said on Wednesday. Show More Summary

Greece set to submit loan extension request

Greece’s government plans to ask for an extension to its loan agreement with the euro zone. ||| Athens - Greece's government confirmed it would ask on Wednesday for an extension to its loan agreement with the euro zone, which it distinguishes from its full bailout programme, but faced strong opposition from Germany. Show More Summary

Britain’s FTSE hits 15-year peak

Britain's top share index was on Wednesday buoyed by a rebound in energy stocks and optimism that a deal over Greek debt is in reach. ||| London - Britain's top share index edged up to a 15-year high on Wednesday, buoyed by a rebound in energy stocks and optimism that a deal over Greek debt is in reach. Show More Summary

Paulson keeps gold stake

Hedge fund manager John Paulson stuck with his holding in the world’s biggest gold exchange-traded product at a time when other investors were dumping the metal. ||| New York - Billionaire hedge fund manager John Paulson stuck with his holding in the world’s biggest gold exchange-traded product at a time when other investors were dumping the metal. Show More Summary

Investigators search HSBC offices

The Geneva offices of banking titan HSBC have been searched as part of a money-laundering probe. ||| Paris - Investigators launched a search on Wednesday of British banking giant HSBC's Geneva offices as part of a money-laundering probe following allegations the bank helped clients evade millions of dollars in taxes, Swiss prosecutors said. Show More Summary

Greek deal optimism lifts European shares

Greek stocks helped push a key pan-European share index to a seven-year high on Wednesday. ||| London - Greek stocks helped push a key pan-European share index to a seven-year high on Wednesday on fresh optimism that Athens would reach an agreement with its international lenders. Show More Summary

Sony outlines recovery plan

Sony plans to spin off its video-and-sound business into a separate company and shrink its headquarters. ||| Tokyo - Sony will spin off its video-and-sound business into a separate company and shrink its headquarters as part of a three-year turnaround plan. Show More Summary

Cell C weighing sale?

Cell C is reportedly working with Goldman Sachs to review its options in South Africa. ||| Johannesburg - Cell C Pty Ltd is exploring options for the third-largest South African wireless carrier, including a possible sale to domestic competitors, according to two people familiar with the matter. Show More Summary

RBS unveils ‘Touch ID’ for clients

Royal Bank of Scotland is the first UK bank to enable customers to log on to its mobile application using their fingerprints. ||| London - The Royal Bank of Scotland on Wednesday launched a new service for its RBS and NatWest customers...Show More Summary

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