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Business-Markets-International

Spelling mistake leads to closure of 134-year-old firm

A British civil servant’s elementary spelling mistake has led to the collapse of a business employing 250 workers.

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BLOOMBERG

Impairments under way as depressed prices hurt Anglo

Anglo American plans impairments because of low commodity prices even after the company with operations from Australia to Chile raised annual iron ore productio... Read Story

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BLOOMBERG

Procter & Gamble profits slide as strong dollar crimps sales, earnings

P&G said currency effects would continue to be a drag in the current financial year. They’ll reduce sales by 5 percent, leading to a decline of as muc... Read Story

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Items 61 - 70 of 77

Australia, China: More flights announced
January 26 2015 at 05:44

Australia and China are allowing more flights with each other, and paving the way for new routes, in an air services pact that follows a historic free trade agreement they struck last year.

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Italy: ‘Bad bank’ is on the cards
January 26 2015 at 05:43

Italy is considering setting up a state-backed “bad bank” to help clean up its banking sector, Economy Minister Pier Carlo Padoan said yesterday.

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Oz wins iron ore share of China market
January 26 2015 at 05:42

Iron ore exporters from Australia are winning the battle for market share in China, boosting cargoes to the largest buyer and squeezing higher-cost producers as prices decline to the lowest level since 2009.

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Zambia: Mineral royalty here to stay
January 26 2015 at 05:40

Zambia will maintain a new mineral royalty tax despite fears that it could lead to mine closures, President Edgar Lungu said yesterday as he was inaugurated in the nation’s capital.

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ECB set to extend QE if no results
January 26 2015 at 05:39

European Central Bank policymakers Benoit Coeure and Ignazio Visco underlined that their new bond-buying programme would be extended if it did not show results.

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Russia needs R455bn for bank crisis
January 26 2015 at 05:37

Russia may have to spend more than $40 billion (R455bn) this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Uk... Read Story
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Malawi: Floods destroy tobacco crops
January 26 2015 at 05:35

Lethal floods in Malawi which have killed at least 176 people have caused extensive damage to tobacco, the country’s leading hard currency earner, a senior official said on Friday.

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Call to pursue more integration in euro zone
January 26 2015 at 05:33

European Central Bank policymaker Yves Mersch yesterday called for the euro zone to pursue deeper integration, including a capital markets union that would enable a company in one country to issue a bond in another.

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Obama, Modi hail nuclear headway
January 26 2015 at 05:26

US President Barack Obama and Indian Prime Minister Narendra Modi had broken a years-long deadlock on obstacles that blocked the US from selling nuclear technology to Asia’s third-largest economy, they said on Sunday... Read Story
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More Zimbabwe investment for data and mobile money platforms
January 26 2015 at 05:23

Zimbabwean mobile companies are increasingly investing more into data and mobile money platforms to plug the gaping hole left by reclining revenues from the voice category, with Econet, owned by businessman Strive Masiyiwa... Read Story
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Items 61 - 70 of 77