adminZSE turnover slumps
Golden Sibanda Senior Business ReporterTURNOVER on the Zimbabwe Stock Exchange declined 36,5 percent in April to US$23,08 million as the liquidity crisis in the economy took its toll on equities. Volumes traded on the bourse also took a
EU faces deeper recession
BRUSSELS. — Recession in the crisis-hit eurozone will be deeper than expected for the rest of the year, hitting even Europe’s biggest economies and leaving unemployment at record levels, the EUGerman car sales to drop
FRANKFURT. — New car registrations in Germany, the benchmark for a crucial sector of the top European economy, are due to slip slightly this year, the main industry federation said last Friday. The German‘ECB negative rates not yet option’
BRATISLAVA. — The European Central Bank, which has just cut its key rates to an all-time low, is not considering negative interests for now, a top ECB governor said on Friday. Austrian central bank chiefUS unemployment falls 7,5pc
WASHINGTON. — The US economy added a solid 165 000 jobs in April, and the unemployment rate fell from 7,6 percent to 7,5 percent, its lowest level since December 2008, the Labour Department said lastAdidas net profit rises in first quarter
BERLIN. — Europe’s biggest sportswear maker Adidas said last Friday that its net profit grew 6 percent to 308 million euros in the first quarter and forecast full-year net earnings of up to 920 millionZesa break-up hailed
Golden Sibanda Senior Business ReporterThe unbundling of Zesa Holdings will “even the playing field” for all firms and attract investment into the power sector, the Zimbabwe Energy Council has said. While hailing Government’s unbundling
Minerals Policy gathers momentum
Business ReporterThe Ministry of Mines and Mining Development has intensified efforts to formulate a Minerals Policy that is set to unlock the country’s vast mineral wealth. In a statement, the ministry said it would this month
Boost for small-scale miners
Newly registered Indigenous Chamber of Mines of Zimbabwe said on Thursday it has launched a scheme to assist small-scale miners to procure equipment and inputs to boost production. TheAfDB approves 10-year strategy
Business ReporterTHE African Development Bank has approved a 10-year strategy which is expected to anchor the continent’s economy during that period. The new 2013-2022 strategy has already been approved by the