adminEmerging markets under pressure
LONDON. – Emerging markets faced intense pressure yesterday after the US Federal Reserve cut its stimulus further, with currencies in India, South Africa and Turkey failing to rally despite interest…
Town clerk suspended over pay
Municipal Reporter Harare town clerk Dr Tendai Mahachi was yesterday suspended for three months for failing to provide the salary schedule of all senior council employees.
Zim diamonds for Asian markets
Farirai Machivenyika Senior Reporter Diamonds from Marange will soon be sold in China and the United Arab Emirates as Government seeks to maximise revenue from the precious stone, Finance Minister…
McIlroy master-class lights up Dubai
DUBAI. — Rory McIlroy hit a sizzling nine-under 63 in the opening round of the US$2.5 million Dubai Desert Classic yesterday, bolstering his hopes of claiming a first European tour…
‘Struggling banks should downgrade’
Business Reporter THE Reserve Bank of Zimbabwe has advised banks that are struggling to meet the minimum capital requirements to downgrade and obtain deposit taking micro-finance licences. The central bank…
Honeymoon over for bank directors, shareholders
Golden Sibanda Senior Business Reporter Bank directors and shareholders who abuse depositors’ funds risk prosecution and going to jail in terms of amendments proposed in the Banking Act, the Reserve…
Gunners close in on Draxler
LONDON. — Arsenal were rushing to complete a £37million swoop for Schalke sensation Julian Draxler on Wednesday night. The Gunners are increasingly confident that a deal to sign the 20-year-old…
Man City look unstoppable
LONDON. — Manchester City are top of the league and the question is, on this form, how is that supposed to change? Unless Chelsea can do anything about it on…
Brazilian talent remains in high demand
RIO DE JANEIRO. — Foreign clubs are still showing an insatiable appetite for Brazilian players while Argentines appear to be going out of fashion, according to a Fifa report on…
Parly Warriors hold training
Takudzwa Chitsiga Sports Reporter PARLIAMENT Warriors FC held their third day practice session at Alex Sports Club yesterday. The team is preparing for a friendly international match against Zambian parliamentarians…