Gold firms ahead of central bank meetings

SINGAPORE. – Gold firmed yesterday snapping four sessions of decline, with investors expecting major central banks to stick to loose monetary policy at meetings later this week, supporting bullion’s appeal

Bid to curb bank bonuses haunt EU

BRUSSELS. – European Union finance ministers faced a potentially stormy session yesterday fighting over whether curbs on bankers’ bonuses should be written into key new legislation controlling the

China promises growth

BEIJING. – China set an unchanged growth target of 7,5 percent for 2013, Premier Wen Jiabao said yesterday, as officials seek to nurture recovery while revamping the model of the world’s

SAP offers SMEs visibility, control

JOHANNESBURG. – The newly announced SAP Business One version for SAP HANA is set to transform local small and medium enterprises and enable them contribute to the growth of African economies. The

German car sales dip

BERLIN. – Germany, Europe’s biggest car market, saw a sharp year-on-year fall in sales of 10,5 percent in February, the Federal Motor Transport Authority said on Monday, as the motor industry is still under

‘China welcome in Africa’

BEIJING. –  China has significantly contributed to Africa’s economic growth and improvements in the livelihood of African people, a spokeswoman for China’s Foreign Ministry said yesterday. Spokeswoman

Bankers, insurers want Comesa support

Business Reporter
Bankers and insurers have stressed the need to have a regional platform that supports the expansion of indigenous banks and facilitates cross-border advocacy for more competitiveness in the financial

Cost of living increases

Rumbidzayi Zinyuke Business Reporter
The recent increase in fuel prices has had a significant impact on the prices of food with the low-income urban earner monthly basket for a family of six going up 0,5 percent in the month of February. Prices of

WTO candidate visits Zim

Business Reporter
A Brazilian diplomat who has been nominated for the position of the World Trade Organisation director-general, Ambassador Roberto Azevedo, was in Harare at the weekend for high-level engagement with

GMB spreads its wings

The Grain Marketing Board plans to commission three milling plants this year as it moves to grow its market share by over 30 percent. The parastatal commissioned two other plants, one in Harare last year

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