How SA can avoid sliding to a ‘Junk’ credit rating

2014-11-25 19:42

Futuregrowth’s Wikus Furstenberg explains what is required to arrest and reverse SA's global credit rating from dropping to “Junk” status.

Germany's business confidence boosts stocks

2014-11-24 16:05

Encouraging German data has helped to lift eurozone stock markets, while London dipped as a profit-warning by Petrofac sent the group's shares plunging.

Belgian strike to hit trains, Antwerp port

2014-11-21 15:18

A strike in parts of Belgium is expected to disrupt rail services and one of Europe's largest ports as workers voice their anger over austerity measures.

Nicaragua $50bn canal construction to start

2014-11-21 09:06

Hong Kong-based company will start building a $50bn waterway next month, despite opposition from farmers and environmentalists.

Call to strike over Italy economic policies

2014-11-19 15:05

Two of Italy's biggest unions plan to stage a one-day strike to protest Prime Minister Matteo Renzi's labour and economic policies.

Nigeria seeks $2bn oil account for projects

2014-11-19 12:39

Nigeria's 36 states have requested to withdraw $2bn from the country's $4.11bn oil savings account to complete projects and provide security ahead of 2015 polls.

Japan PM to seek fresh mandate for 'Abenomics'

2014-11-18 17:06

Prime Minister Shinzo Abe says that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, after data showed the economy had slipped back into recession.

Isolated at G20, Putin will do it his way

2014-11-18 09:30

It may have looked like Russian President Vladimir Putin has fled this weekend's G20 summit early with his tail between his legs, but it was a different story.

Zim bank to issue $65m bonds for electricity

2014-11-17 18:13

A state-owned Zimbabwean bank will float two bonds worth $65m to boost electricity output and increase use of pre-paid meters, says a senior bank official.

Sars head studying rogue unit reports

2014-11-16 18:20

The SA Revenue Service has confirmed that its commissioner Tom Moyane is studying two reports into allegations of illegal spying at the organisation.

Putin extends olive branch to Ukraine

2014-11-16 09:46

Russia does not intend to demand early repayment of $3bn that it lent to Ukraine last year, says President Vladimir Putin.

Oil price rout not over, says IEA

2014-11-14 12:27

Oil prices are expected to keep sliding well into 2015, held down by weak demand and increased shale production, the International Energy Agency says.

UK caps interest on payday loans

2014-11-11 16:15

Interest charged on loans offered by payday lenders will be capped, to cut the cost of short-term loans, criticised for causing misery among borrowers.

India expands cabinet to focus on economy

2014-11-10 09:34

India's Prime Minister Narendra Modi has beefed up his cabinet, freeing the finance minister to focus on the budget and reforms to revive the economy.

SA is struggling due to an ethical vacuum

2014-11-09 13:37

Martin Warburg discusses three ethical barometers which he believes prove South Africa is on a worsening trajectory.

Youth Entrepreneurship – A missing link to SA’s growth

2014-11-07 19:40

We should not look to government to provide economic growth. If you want to succeed in SA, you're going to have to rely on yourself, says Abuti Rams.

UK hiring and pay growth slow in October

2014-11-07 10:33

Permanent hirings by British firms via recruitment companies have risen at the slowest pace in nearly a year, growth in starting salaries also weakened.

France's unpopular Hollande vows no new taxes

2014-11-07 09:26

French President Francois Hollande says no new taxes will be imposed on anyone in France next year as he seeks to shake off record-low approval ratings.

ECB holds rates, focuses on stimulus plans

2014-11-06 16:45

The European Central Bank has left interest rates unchanged, holding them at record lows while it rolls out new stimulus measures.

UAE economy recovering at fast pace - IMF

2014-11-05 20:14

The United Arab Emirates economy is recovering from the global financial crisis but remains threatened by low oil prices, the IMF says.

Gates Foundation grants go to 'rich nation NGOs'

2014-11-05 11:15

The bulk of the $3bn given over the past decade by the Gates Foundation to foster agriculture in poor countries has been given to aid groups based in rich nations.

EU slashes eurozone growth predication

2014-11-04 14:15

Economic growth in the eurozone will be lower than previously expected, hovering around the 1% mark in both 2014 and 2015.

Cyprus court ruling opens way for bailout funds

2014-10-31 17:00

The Cypriot supreme court has ruled as unconstitutional four bills on bank foreclosures whose passage by parliament prompted international lenders to halt payments.

Eurozone unemployment stuck at 11.5%

2014-10-31 16:40

Unemployment in the eurozone has remained unchanged at 11.5% for a fourth consecutive month in September, according to data released.

Japan's jobless rate up to 3.6%

2014-10-31 11:15

Japan's unemployment rate has climbed to 3.6% in September for the first rise in three months, the government says.


China considers tougher tobacco controls

2014-11-25 09:49

China, the world's biggest tobacco market, is considering a draft regulation that would ban indoor smoking, limit outdoor smoking and end tobacco advertising.

How SA can avoid another notch slide to a ‘Junk’ credit rating

2014-11-24 12:44

Futuregrowth’s Wikus Furstenberg explains what is required to arrest and reverse SA's global credit rating from dropping to “Junk” status.

China surprises with interest rate cut

2014-11-21 15:01

China has cut interest rates unexpectedly, stepping up efforts as it heads towards its slowest expansion in nearly a quarter of a century.

Weary Italy vents its rage in spate of strikes

2014-11-20 09:45

People worn down by years of economic stagnation and austerity are suddenly giving vent to their frustrations with a spate of strikes and spontaneous protests.

UK real earnings sink to decade-low

2014-11-19 14:15

British workers' real earnings have fallen to levels not seen in more than a decade, but there are also signs of above-inflation wage growth for many employees.

Despite tourism boom, Greek recovery softens

2014-11-19 09:45

The Greek economy may be basking in the glow of a record summer tourism season, but it is just one bright spot in a fragile recovery overshadowed by weak exports.

China needs to cap coal use by 2020

2014-11-18 13:03

China needs to hit its "peak coal" use by 2020 if it is to fulfil its commitment to end growth in climate-warming carbon emissions by the end of the next decade.

Modi urges Indian expatriates to invest

2014-11-18 09:11

Thousands of expatriate Indians huddled Sydney's Arena on a train dubbed the Modi Express, to clap and cheer India's best-known leader since independence.

Germany faces period of protracted stagnation

2014-11-17 14:09

Germany's economy is unlikely to regain momentum this year after it barely grew in the three months ended September.

Ukraine to close bank services in east

2014-11-16 15:15

Ukrainian President Petro Poroshenko has issued several decrees to shut banking services and state institutions in pro-Russian eastern regions.

Egypt issues first microfinance law

2014-11-14 13:35

Egypt has issued the country's first law regulating micro finance services, says the Egyptian Supervisory Authority.

ECB growth to be lower than expected

2014-11-13 12:40

A large group of professional forecasters have cut their outlook for eurozone inflation and growth, underlining a trend.

Chinese inflation at five-year low

2014-11-10 09:45

Inflation in China has been just 1.6% year-on-year in October, unchanged from the previous month, and the lowest since January 2010, officials says.

UK employers call for action to boost earnings

2014-11-10 09:15

Proposals from the CBI group are among measures it has put forward to raise income, includes schemes to boost Britain's very weak productivity growth.

Zimbabwe's economy at crossroads - IMF

2014-11-08 09:05

The economy is showing no signs of recovery after adverse weather, low exports and election uncertainty shattered growth prospects, says the International Monetary Fund.

Canary Wharf owner Songbird rejects Qatar

2014-11-07 15:42

Songbird Estates, the majority owner of London's Canary Wharf, has rejected a £2.2bn takeover proposal from Qatar Investment Authority.

Vatican issues staff with financial ethics book

2014-11-07 10:15

The Vatican has issued staff with a manual on economic ethics and accountability, as part of Pope Francis' effort to clean up the Holy See's finances.

BMF concerned about PPC 'shananigans'

2014-11-06 16:56

The Black Management Forum has expressed concern about the problems between the PPC board and its former CEO Ketso Gordhan.

ECB to wait for stimulus to sink in

2014-11-06 09:27

The European Central Bank is set to stick to the policy path laid out over the summer when it meets, waiting for its stimulus to unfold.

EU immigrants boost to UK economy

2014-11-05 13:50

Immigrants to Britain from the European Union have contributed more than £20bn to the British economy since 2001.

Gulf energy subsidies worth $160bn a year

2014-11-05 09:45

Arab states in the Gulf, which pump a fifth of the world's crude oil, spend more than $160bn on energy subsidies annually, a top World Bank official says.

UK manufacturing surges on domestic strength

2014-11-03 15:06

British manufacturing has surged unexpectedly last month as domestic strength helped factories overcome the worst fall in export orders since January 2013.

Spanish judge charges 26 suspects on bribery

2014-10-31 16:45

A judge in Spain has charged 26 suspects including governing party politicians and businessmen in a bribery probe that has embarrassed the government.

Argentina steps up to attract oil investment

2014-10-31 13:01

Argentina has a new energy investment framework aimed at attracting foreign oil companies to the country's vast shale deposits.

Rent squeeze points to Spain's retail frailty

2014-10-30 10:46

Spain's independent retailers remain enmeshed in the fabric of daily life at a time when chains and multinationals dominate.

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