Remo, SECZ row rages on

Business Reporter
THE Supreme Court has reserved judgment in a matter in which Remo Investment Brokers is challenging judgment by the Administrative Court upholding cancellation of its licence by the

Government misses revenue targets

Business Reporters
Zimbabwe missed revenue targets for April by 7,3 percent as the economy shows signs of stagnation due to the poor performance across sectors. Finance Minister Tendai Biti yesterday said, in a State of

ZSE goes electronic

Business Reporter
THE Zimbabwe Stock Exchange will from next week discontinue the manually prepared reports dispatched through its e-mail daily service following the launch of its web data portal system. Acting ZSE chief executive Mr Martin Matanda said following the launch of the web portal, access

MedTech to offload Zimpharm shares

Business Reporter
HEALTH care products manufacturer MedTech Holdings will next month seek shareholder permission to dispose to local an unnamed local company its remaining shareholding in Zimbabwe Pharmaceuticals. The proposal would be presented to shareholders at an annual

‘French consumers pessimistic’

PARIS. — French consumers are deeply pessimistic, being as gloomy as they have ever been since 1987, official data showed yesterday. They are increasingly worried about the outlook for their living

VW, unions reach pay deal

FRANKFURT. — German carmaker Volkswagen and the powerful IG Metall labour union announced yesterday they have reached a wage deal, giving 102 000 VW workers in Germany a two-step wage

Africa’s growth positive: AfDB

NAIROBI. — Africa’s economy is projected to grow by 4,8 percent in 2013 and accelerate further to 5,3 percent in 2014, buoyed by the continent’s booming natural resources, the Africa Development Bank

Greek banker named Bank of Cyprus boss

NICOSIA. — Greek banker Christos Sorotos was appointed yesterday as interim CEO of the island’s largest lender, Bank of Cyprus, to guide it through tough restructuring under Cyprus’ bailout terms, the

Japan retains top creditor status

TOKYO. — Japan kept its position as the world’s largest creditor nation for the 22nd straight year in 2012, government data showed yesterday, as the dollar’s gains helped inflate the value of overseas

Brussels pressures for reform

BRUSSELS. — The European Commission is today expected to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost

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