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Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:21080
Posts / Week:116.6
Archived Since:June 8, 2011

Blog Post Archive

US immigration tweaks not enough

Silicon Valley representatives are disappointed that US immigration rule changes will not satisfy their longstanding demands. ||| San Francisco - President Barack Obama plans to make life a little easier for some foreign tech workers,...Show More Summary

Euro shares rise on ECB comments

Shares rose on Friday as dovish comments by ECB chief reignited speculation about additional stimulus. ||| London - European shares rose on Friday as dovish comments by European Central Bank chief Mario Draghi reignited speculation the ECB will inject more monetary stimulus into the euro zone economy. Show More Summary

Nigeria must adjust to oil price

Nigeria will have to adjust to oil prices heading lower for some time to come, Finance Minister said. ||| London - Nigeria will have to adjust to oil prices heading lower for some time to come, Finance Minister Ngozi Okonjo-Iweala said on Thursday in an interview in which she also cut the outlook for economic growth next year. Show More Summary

Asian shares rise on US data

Asian shares rose on Friday after US data showed broad economic strength, while the yen rebounded. ||| Tokyo - Asian shares rose on Friday after U.S. data showed broad U.S. economic strength, while the yen rebounded from overnight multi-year lows after Japan's finance minister warned that its recent weakening had been “too rapid”. Show More Summary

Oil smooths superpowers’ global dealings

A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. ||| Rich Miller A NEW ageShow More Summary

Ghana: Maersk unit inks $1bn port deal

Port operator APM Terminals, a unit of shipping and oil conglomerate AP Moller-Maersk, said yesterday it had signed a memorandum of understanding with the government of Ghana to expand its Tema Port. ||| PORT operator APM Terminals,Show More Summary

Chinese rail firm seals $12bn deal in Nigeria

A state-owned Chinese company had signed a $12 billion (R132.4bn) agreement to build a railway along Nigeria’s coast that it billed as China’s single largest overseas contract, state media reported yesterday. ||| A STATE-OWNED Chinese...Show More Summary

Nigeria: Shell sells 30% stake in OML 24

Royal Dutch Shell had completed the sale of its 30 percent stake in Nigeria’s onshore Oil Mining Lease 24 (OML 24) in the eastern Niger Delta to Newcross Exploration and Production for $600 million (R6.6bn), it said yesterday. ||| ROYAL...Show More Summary

Banks ambush possible cheats with ‘fuzzy logic’ tools

Stung by billion-dollar fines for malpractice on their trading floors, the world’s big banks are using ‘fuzzy logic’ tools such as relationship mapping and behavioural analytics to read the minds of would-be cheats among their traders. Show More Summary

Royal Bank, affiliates fined £56m for disruptions caused by IT glitches

Royal Bank of Scotland (RBS) has been fined £56 million (R967m) by UK’s financial regulators for a system crash in 2012 that left millions of customers unable to make or receive payments. ||| Matt Scuffham London ROYAL Bank of Scotland...Show More Summary

China factory slump rings alarm bells

China’s factories looked to have hit an air pocket in November as a private survey showed output falling for the first time in six months, adding to concerns about slowing economic momentum and to the case for further policy easing from Beijing. Show More Summary

EU truckmakers gear up for collusion charges

Several European heavyweight truck manufacturers face the threat of hefty fines, after the European Commission announced yesterday that it was probing them for “very serious” breaches of EU competition law. ||| Sapa-dpa Brussels SEVERAL...Show More Summary

Weak growth in Germany, France renews risk of eurozone downturn

The euro-area economy risks a renewed slowdown. A Purchasing Managers index for factories and services activity unexpectedly fell to 51.4 in November, the lowest in 16 months, from 52.1 in October, London-based Markit Economics said yesterday. Show More Summary

Kenya: LeapFrog buys Resolution stake

LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, has bought a majority stake in Kenyan insurer Resolution in a deal valued at 1.68 billion shillings (R202 million), both firms said yesterday. ||| LEAPFROG...Show More Summary

Banks accused of using commodity units to unfair advantage

Wall Street’s biggest banks have used their ownership of metals warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a US Senate investigation. ||| Cheyenne Hopkins,...Show More Summary

Shell sells Nigeria oil field stake

Royal Dutch Shell said it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease. ||| London - Royal Dutch Shell said on Thursday it had completed the sale of its 30 percent stake in Nigeria's onshore Oil...Show More Summary

Nigerian central bank props up naira

Nigeria's central bank intervened four times with dollar sales of up to $2 million (R22.2 million) each to commercial lenders as it seeks to prop up the naira currency. ||| Lagos - Nigeria's central bank intervened four times on Thursday...Show More Summary

Russian firms face huge insurance costs

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out. ||| London/Moscow - Russian companies face billions of dollars in extra insurance costs asShow More Summary

Ethiopian Airlines eyes African liberalisation

Ethiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015. ||| Antwerp, Belgium - Ethiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015, the airline's chief executive said on Thursday. Show More Summary

Russia has little to offer in oil price war

Russia can do little to shore up slumping global prices even if OPEC wants it to. ||| Moscow - Russia can do little to shore up slumping global prices even if OPEC wants it to. Russian wells will freeze if they stop pumping oil, and the country has no capacity to store the output it would otherwise export. Show More Summary

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