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Greece must stay in euro, says PM
Greece needs to stay in the euro and realises its economy needs drastic reform, the country's prime minister said in a letter to international creditors in which he promised to stick to the terms of a debt reduction deal.
Murdoch suffers BSkyB revolt but hangs on
Investors holding nearly a quarter of BSkyB shares failed to back the re-election of chairperson James Murdoch on Tuesday, in protest over the former chief executive’s ...
Mozambique aims to be a coking coal hub
Mozambique is the scene of a global coal rush but the former Portuguese colony's vast reserves will be exploited at a snail's pace as it struggles to rebuild ports, roads...
Last Updated ( Wednesday, 23 November 2011 10:42 )
Pelhams pin’s growth on credit
Zimbabwe Stock Exchange listed furniture retailer, Pelhams Limited says favourable credit terms had driven a 156 percent jump in turnover for the half year to September 3...
Last Updated ( Friday, 11 November 2011 12:35 )
Beijing's business sense
ONE of the biggest changes we've seen in the world since the 2008 financial crisis can be summed up in one sentence: security is no longer the primary driver of geopoliti...
Groupon raises $700m in biggest Internet IPO since Google
Groupon Inc raised $700m after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $17bn in 2004.!...
Afdis to continue with spirits imports
Alcoholic beverage maker Afdis says increased competition had negatively affected its sales margins for the full year ended June 2011 to $15 million.
Sony Buys Phone Business From Ericsson for $1.5 Billion
Ericsson of Sweden said on Thursday that it had reached an agreement to sell its stake in its struggling cellphone joint venture, Sony Ericsson, to Sony for €1.05 billi...
Walmart: State's appeal unsubstantiated
An appeal for a review of the merger between United States retail giant Walmart and local company Massmart Holdings [JSE:MSM] is "factually insupportable" and "legally mi...
Nigeria can easily reach double-digit growth
Nigeria can easily achieve double-digit GDP growth if planned economic reforms are implemented and tough decisions are made by government policy makers, central bank gove...
Imara voted best Fund
Pan African financial services group Imara’s African opportunities Fund and the Zimbabwe Fund were voted the best African equity funds by the Africa Fund Manager Perfor...
Visa, Mastercard sued over price fixing
A group representing operators of automated teller machines filed a lawsuit against Visa and MasterCard alleging that the credit and debit card issuers violated antitrust...
Cosatu to strike over Walmart
Cosatu is to picket outside the houses of former Pick n Pay chairperson Raymond Ackerman and Western Cape premier Helen Zille over the Walmart-Massmart Holdings [JSE:MSM]...
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