adminTobacco season ends on low note
A total of 258 095 kilogrammes of tobacco worth US$738 311 was sold on the last day of the 2013 selling season last Friday.This is an increase from 132 352kg valued at US$370 884 sold during the same day last year. Tobacco
MFIs call for Govt support
Business Reporters
Micro-finance institutions have called on Government to provide funding to alleviate the financial crisis in the country.
They have also called for the demystification of the perspectives surrounding many micro-finance
Japan nuclear firms seek to restart reactors
TOKYO. – Japanese power companies yesterday asked for permission to restart 10 nuclear reactors, a move that could presage a widespread return to atomic energy more than two years after the Fukushima disaster. The firms submitted applications to regulators for safety
Disconnected Nigerians besiege mobile operators
ABUJA. – Unregistered mobile phone subscribers have flooded network operators’ offices in Abuja at the weekend following the disconnection of their Subscriber Identity Module cards. Following the expiry of the June 30 deadline to register, the Nigerian CommunicationGerman exports decline
BERLIN. – German exports fell at a sharper rate than expected in May as weakness in several key markets including the eurozone choked sales, official figures showed yesterday.Excluding adjustments for seasonal factors, Europe’s top economy reported a trade surplus
Gold falls
SINGAPORE. – Gold fell for a third session yesterday on fears the US Federal Reserve could soon begin tapering its bond-buying stimulus after a stronger-than-expected jobs report, and as the dollar hit a three-year high. Bullion, typically seen as a hedge against inflation, hasAuditors open way for fresh aid
BRUSSELS. – Creditors concluded a technical audit of reforms in Greece yesterday, opening the way for payment of 8,1 billion euros in fresh aid if finance ministers approve the audit report, officials said. The European Commission also said that Greece looked to be on track toGreece close to sealing reforms deal
ATHENS. – Greece and its international creditors hoped to reach a deal yesterday on reforms including thousands of job cuts needed for the debt-laden nation to unlock further aid worth US$10,4 billion. “We have made substantial progress,” Poul Thomsen, the InternationalZSE shares recover
Golden Sibanda Senior Business ReporterBOTH volumes and value of shares traded on the Zimbabwe Stock Exchange recovered in yesterday’s trading in the wake of significant decline on Friday last week.
A total of 5,1 million shares – a 77,2 percent increase – exchanged hands on Friday. The volume translates
Mwana mulls equity financing for BNC
Business ReporterLONDON Alternative Investment Market-listed resources company Mwana Africa Plc says it is still pursuing several funding options including equity and project finance for phase two of the restart of Trojan Mine. Trojan was initially put under care and maintenance back in 2008