Ariston profit rebounds

Business Reporter
ARISTON HOLDINGS after-tax profits vaulted 83,4 percent to US$2 million in the half-year to March 31 2013 on fair value adjustment as revenue in the interim was almost flat at

Seed Co launches SC533

Business Reporter
AS part of its contribution to food security in Zimbabwe, Seed Co recently launched a high-performing medium variety, the Blockbuster SC533, at a field day held at Nhe- weyembwa

Cyprus freezes assets of Greek trio

NICOSIA. — Court orders were issued last Friday freezing more than five billion euros in assets of three Greek former executives of the island’s now defunct Laiki Bank, the Cyprus

European Council boss calls for action

ROME. — European Council president Herman Van Rompuy has called for an “immediate fight” against unemployment on a visit to Italy ahead of a summit next month set to focus

US consumer spending dips

WASHINGTON. — United States consumer spending fell in April for the first time in 11 months, the Commerce Department said on Friday in a report pointing to weaker growth in the world’s

RioZim turns the corner

Golden Sibanda Senior Business Reporter
RESOURCE firm RioZim Limited appears to have turned the corner after a solid financial performance in the first quarter of 2013. A trade update released by management at the firm’s annual general meeting in Harare last week shows RioZim is consolidating

Econet profits plunge

Business Reporter
ECONET Wireless Zimbabwe’s after-tax profits declined by 15,5 percent for the year to February 28 2013 weighed down by a significant increase in depreciation and amortisation,

Merchants lure cotton growers

Martin Kadzere Senior Business Reporter
SIDE marketing of cotton has resurfaced at various buying points across the country amid concerns that some ginners may fail to fully recover investments they made in financing the

Mourinho’s partying shot

MADRID. – Outgoing Real Madrid manager Jose Mourinho has taken one final shot at the Spanish press by claiming they were deliberately misleading when they claimed the Portuguese

Van der Sar backs Rooney to stay

MANCHESTER. – Edwin van der Sar has backed Wayne Rooney to put his troubles behind him and bounce back for

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