adminChiyangwa’s company loses bid to stop auctioning of property
Daniel Nemukuyu Harare Bureau The High Court on Monday threw out a bid by Crittal Hope Private Limited, a company linked to businessman Philip Chiyangwa, to stop the removal and auctioning…
Econet re-enters insurance market
MOBILE telecommunications firm Econet Wireless yesterday marked its re-entry into the insurance market through the launch of EcoSure, which will house a number of products. Econet once ventured into the insurance…
China plans hike in cigarette taxes, prices
BEIJING — China is considering raising cigarette prices and taxes, a health official said yesterday, as the world’s largest tobacco consumer fights to stub out a pervasive habit. Smoking is a…
Nigerian naira gains after oil firms, central bank sells dollars
LAGOS — Nigeria’s naira firmed 1.5 percent against the dollar yesterday after state-oil company NNPC sold around $200 million, coupled with a central bank intervention to boost interbank forex market…
European shares stabilise
PARIS — European stocks rose in a technical bounce yesterday after sliding 3 percent over two days, although energy stocks dropped again as Brent crude fell toward $65 a barrel. Greek…
South African inflation slows to 5,8pc
JOHANNESBURG — South Africa’s inflation rate fell to 5,8 percent in November, staying inside the central bank’s target band for a third month and giving it room to keep interest…
Anglo to axe 60,000 jobs
LONDON — Global miner Anglo American aims to cut around 60,000 jobs as part of a wider re-organisation, says chief executive Mark Cutifani. He said on Tuesday that the company was…
Oil dips below $62 US a barrel
OIL prices resumed their rout today, dipping below $62 US per barrel after OPEC cut its forecast for world demand for oil. On Tuesday, oil prices had stabilized and moved slightly…
Gold holds close to seven-week high
SINGAPORE — Gold was trading close to a seven-week peak yesterday as weakness in the dollar and global equities prompted investors to seek safety in the precious metal. The dollar index…
City to host diamond seminar
Charity Ruzvidzo Business Reporter BULAWAYO will next week host a diamond beneficiation seminar meant to create platforms for local companies to benefit from economic empowerment programmes presented by value addition and…