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AP

India could face junk status - S&P

India faces at least “a one-in-three” chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned.

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INLSA

Workers on illegal strike at chrome mine

Operations at a chrome mine have been suspended after workers started an illegal strike over bonus payments.

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Reuters

Yahoo nearing $1,1bn acquisition of Tumblr

Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer.

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Fed orders bank to fight laundering
May 17 2013 at 18:27

The US Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering..

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A labourer works in a ferrochrome factory. Ferrochrome is mainly used as an alloy in stainless steel to prevent corrosion.

Unprotected strike at chrome mine
May 17 2013 at 17:35

Mineworkers at Lanxess chrome mine in Rustenburg are on an unprotected strike, the National of Union of Mineworkers said.

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US consumer sentiment at a high
May 17 2013 at 18:27

Americans felt better about their economic and financial prospects in early May.

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The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

JSE stocks end slightly down
May 17 2013 at 18:10

South African stocks ended slightly lower, snapping a four-day winning streak.

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African National Congress deputy president Cyril Ramaphosa.

Ramaphosa: Rivalry is root of unrest
May 17 2013 at 17:54

Union rivalry is the key source of instability at SA mines and labour groups should work with companies to resolve disputes.

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A local producer of soybeans shows off a handful of freshly harvested soybeans.

Soybeans gain to four-week high
May 17 2013 at 17:38

South African soybean futures advanced to a four-week high.

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A local producer of soybeans shows off a handful of freshly harvested soybeans.

Altron offers to buy out Altech minorities
May 17 2013 at 17:35

Allied Electronics (Altron) said it had made a firm offer to acquire all of the share capital in Allied Technologies (Altech).

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CopperMoul

Copper gains as China inventories fall
May 17 2013 at 17:31

Copper rose for a second day, supported by tentative signs of better metals demand in top consumer China.

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A man sits on a bus as it passes the Bank of England in the financial district of the City of London.

‘Chance of Bank of England stimulus’
May 17 2013 at 16:22

The Bank of England may have more scope to boost the economy after Mark Carney starts as governor.

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A man sits on a bus as it passes the Bank of England in the financial district of the City of London.

Acsa appoints two new directors
May 17 2013 at 16:18

The Airports Company SA (Acsa) has appointed a new managing director and financial director.

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