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,

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.

American appointed new Econet chairman

Golden Sibanda Senior Business Reporter
ECONET Wireless has appointed an American — Dr James Patrick Myers — as its new chairman to replace outgoing TN Bank founder Mr Tawanda Nyambirai. Mr Nyambirai stepped down this week after

Where is our sense of honour?

Dwight Mutonono Business Correspondent

The Japanese have a high sense of community accountability. It is not unusual for a company head or national leader to voluntarily apologise and resign once negligence or non-performance is proved.

Industry prays for better fortunes as 2013 beckons

Clarkson Mambo
As the clock ticks towards the annual shut-down for local industries, most manufacturing companies are breathing a sigh of relief that 2012 is almost gone and they are still surviving. Companies that

Pick n’ Pay to spread its wings

Kudzai Kureva Business Reporter
Pick n’ Pay Supermarkets will soon spread to Masvingo, Gweru and Bulawayo after South Africa’s second largest retailer opened its second outlet in Zimbabwe at the Westgate Shopping Centre. Shoppers

Farmers intensify planting

Rodney Pachiti Herald Reporter
PERI-URBAN farmers have taken advantage of the recent rains to intensify planting ahead of the 2012/2013 farming season. In a recent tour of areas surrounding Harare, The Herald established that

Tale of desperation. . .400 000 Masvingo villagers need food aid as another poor harvest looms

George Maponga Masvingo Bureau
ABOUT 400 000 villagers in Masvingo require food assistance amid fears that the province might have another poor harvest next year owing to erratic rains. Nearly 75 percent of the staple maize crop was

Asian stock markets mixed

HONG KONG. — Asian stock markets were mixed yesterday as the US Federal Reserve announced fresh monetary easing and said it would not lift interest rates until unemployment was under control.

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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