Make this festive season a golden one

Traditionally the festive season means a time of great joy and celebration with your loved ones.

IOL bus dec23 oil
Supplied

Russia mulls oil production cut

Russia is considering cutting its oil production in a bid to revive prices, energy minister Alexander Novak said, as the ruble plunges in value.

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iol news pic Mellon Diamond Auction
AP

Blue diamond sells for record $32.6m

A magnificent blue diamond has fetched $32.6 million in New York, breaking the world auction record for any diamond of its color.

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Copy of IOL pic oct28 wall street signage
Reuters

Shares soar on China rate cut, ECB stimulus hopes

World stock markets and oil prices rallied following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchase... Read Story

Browse International

Items 21 - 30 of 156

Royal Bank, affiliates fined £56m for disruptions caused by IT glitches
November 21 2014 at 08:42

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.

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Banks ambush possible cheats with ‘fuzzy logic’ tools
November 21 2014 at 08:39

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... Read Story
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China factory slump rings alarm bells
November 21 2014 at 08:38

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 furthe... Read Story
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Weak growth in Germany, France renews risk of eurozone downturn
November 21 2014 at 08:36

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 Econ... Read Story
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EU truckmakers gear up for collusion charges
November 21 2014 at 08:36

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.

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Kenya: LeapFrog buys Resolution stake
November 21 2014 at 08:35

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 yesterda... Read Story
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Banks accused of using commodity units to unfair advantage
November 21 2014 at 08:25

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.... Read Story
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Shell sells Nigeria oil field stake
November 20 2014 at 17:38

Royal Dutch Shell said it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease.

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Russian firms face huge insurance costs
November 20 2014 at 17:19

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out.

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Nigerian central bank props up naira
November 20 2014 at 17:34

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.

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Items 21 - 30 of 156