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• December 13, 2012
• 27 views

S. Korea interest rate unchanged

SEOUL. — South Korea’s central bank kept its key interest rate unchanged at 2,75 percent yesterday for a second straight month as the economy shows signs of recovering from a year-long slump.

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• December 13, 2012
• 36 views

Coal miner Bumi in tussle with UK tycoon

JAKARTA. — Coal miner Bumi Plc yesterday said it will likely side with Indonesia’s powerful Bakrie family in a tussle with British tycoon Nathaniel Rothschild for control of the country’s lucrative mines.

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• December 13, 2012
• 35 views

Let’s have more action, and less talk, please

Robert Garai Muganda Buy Zimbabwe

All this debate on Foreign Direct Investment versus indigenisation is fair and fine. It seems to those who are knee deep into the debate that it also sounds charming and might roll off the tongue a little

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• December 13, 2012
• 32 views

AfDB extends US$300m line of credit

TUNIS. — The board of directors of the African Development Bank has approved a seven-year multi-currency line of credit equivalent to US$300 million to FirstRand Bank Limited of South Africa to finance a

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• December 13, 2012
• 27 views

Spain borrowing rates fall in bond auction

MADRID. — Spain’s borrowing costs fell in a bond auction yesterday, hours after European Union leaders reached an elusive deal to create a single banking authority.The auction of three-year and five-year

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• December 13, 2012
• 28 views

EU leaders meet after key bank deal

BRUSSELS. — EU leaders met yesterday for the final summit of a difficult year, clearing crucial bailout funds for Greece to tame the debt crisis at the heart of the bloc after thrashing out a banking

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• December 13, 2012
• 27 views

Mitsubishi, SkyWest seal jet deal

TOKYO. — Japan’s Mitsubishi Aircraft yesterday said it has signed a deal with US-based SkyWest for 100 jets worth US$4,2 billion, with an option to buy another 100 planes.In a statement, the Japanese firm

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• December 13, 2012
• 81 views

Air coolers cheaper, more environment friendly

Evaporative air coolers offer a viable and cheaper alternative to air-conditioners or fans for cooling all spaces inside or outside because: capital and installation cost is lower; operating costs are 70-80

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• December 13, 2012
• 39 views

Bollywood’s ‘star wives’ mean business

NEW DELHI. — Bollywood wives were once expected to stay loyal, discreet and out of sight, but today they forge influential careers as businesswomen, designers and producers as India embraces

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• December 13, 2012
• 63 views

Opec likely to cut oil output

VIENNA. — Opec will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth,