adminEuro zone loans contraction increases pressure on ECB
A CONTRACTION in loans to households and companies in the euro zone quickened in October, piling pressure on the European Central Bank to do more to buoy the euro zone’s…
AICO writes down $30,2m
Harare Bureau AICO Africa Limited has written down a total of 30,2 million from the value of two of its units to reflect the decrease in their carrying amounts after…
Europe bans SA citrus
BRUSSELS -The European Union yesterday banned most imports of South African citrus for the remainder of this year over fears that a fungal disease found in dozens of shipments could…
Jo’burg traders shut down CBD
JOHANNESBURG – Disgruntled hawkers in Johannesburg forced businesses in the CBD to close yesterday. The hawkers said they would not allow anyone to trade because the City of Johannesburg and…
Bank of England cuts mortgage support
THE Bank of England moved to head off the risk of a bubble in house prices yesterday, making a surprise announcement that it would put the brakes on a scheme…
PetroChina buys Exxon Iraq oil stake
BAGHDAD – American energy giant Exxon Mobil yesterday sold part of its controversial stake in a massive Iraqi oilfield to PetroChina and Indonesia’s Pertamina amid a long-running row with Baghdad.…
CAR ex-rebels loot, pillage as France deploys troops
LIBREVILLE — The motley crew of fighters who overthrew the Central African Republic’s government in March are raging beyond their leader’s control, terrorising civilians and pushing the country toward civil…
Thai premier pleads for end to protests
BANGKOK – Thailand’s prime minister begged protesters yesterday to call off their sustained anti-government demonstrations and negotiate an end to the nation’s latest crisis. Yingluck Shinawatra issued the plea even…
Malema corruption charge sticks
JOHANNESBURG — South Africa’s opposition politician Julius Malema will return to court in September next year after a judge refused yesterday to drop corruption charges against him. The expelled chief…
Central African Republic needs many more peacekeepers: EU
ABIDJAN — Central African Republic needs up to four times more peacekeepers than are currently deployed to quell the worsening sectarian conflict and provide security for aid workers, the European…