News Stream

Currently viewing: Money

Oil was up in Asia, buoyed by strong Japanese equities as the market recovered from a downbeat US jobs report.
The European Commission cleared Friday a venture between British publisher Pearson and Germany's Bertelsmann to create a new publishing firm, Penguin Random House.
Afrisam will expand into Africa after the Johannesburg-based company has overhauled its debt.
Cypriots queued outside banks on Friday on rumours that a new levy would be imposed on deposits as part of a bailout.
Global oil prices fell further on Friday as traders awaited key data amid ongoing worries about the US economy and a supply glut in the world's top crude consuming nation.
An exit from the eurozone may look tempting for Cyprus in the throes of economic collapse but it poses a high-risk option for an island economy heavily reliant on imports.
A civil service union has accused Minister in the Presidency Trevor Manuel of acting as "an independent maverick" after he raised concerns about the public sector.
The system keeping spent atomic fuel cool at the Fukushima Daiichi nuclear plant stopped on Friday, its operator said.
South Korea's Samsung Electronics it expected a sharp increase in first-quarter operating profit to $7.7 billion.
Millions of emails and leaked records from offshore tax havens have exposed the identities of thousands of holders of offshore accounts.
South Africa’s Business Confidence Index (BCI) has dropped to its lowest level since April 2000 so says the South African Chamber of Commerce and Industry (Sacci).
Trade and Industry Minister Rob Davies presented the Industrial Policy Action Plan (IPAD) today.
Oil prices dropped on Wednesday after new data showed lofty supplies of US crude, suggesting weak demand in the world's biggest economy.
Shell is to sell its last remaining Australian refinery to focus on larger overseas assets.
Barclays bank needs to further overhaul its pay policy after an "overly generous" bonus culture was blamed for problems which sparked last year's Libor rate-rigging scandal.
Shell plans to temporarily shut a key oil pipeline in southern Nigeria later this month to repair damage caused by oil thieves.
Bank workers union ETYK has called a brief strike for Thursday over fears that pension funds at failed Laiki Bank and at Bank of Cyprus are not being protected.
A joint-venture deal between Sony and medical equipment maker Olympus has won regulatory approval and is going ahead.
The International Monetary Fund has agreed to provide approximately one billion euros to the 10-billion-euro rescue plan for cash-strapped Cyprus.
Shares in Italy's Moleskine, a producer of popular high-end notebooks and diaries, rose on their first day on the Milan stock exchange.
Timelines Inc. gets permission to sue Facebook. The Chicago company filed its lawsuit weeks after Facebook introduced its "timeline" feature.
World Bank chief Jim Yong Kim has called for a global drive to wipe out extreme poverty by 2030.
Cuba unveiled rules for its first free trade manufacturing zone, a vast US$900 million project in the port of Mariel near Havana.
Cyprus's new finance minister was due to be sworn in Wednesday following his predecessor's resignation. would like to send you push notifications.
Notifications can be turned off any time in your browser settings.
You have been registered for browser notifications