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- businessweekly
- July 26, 2022
- 67 views
Tesla boosts spending plans to as much as $8bn a year
Bloomberg Tesla has increased its capital expenditure plan by billions of dollars after Chief Executive Officer Elon Musk referred to the carmaker’s new factories as “gigantic money furnaces.” The company…
- businessweekly
- July 26, 2022
- 37 views
Oil drops as concerns over slowdown offset tight crude market
Bloomberg Oil declined at the start of the week as concerns about an economic slowdown overshadowed signs of a tight physical crude market. West Texas Intermediate fell below US$94 a…
- businessweekly
- July 26, 2022
- 64 views
Gold steady as investors prepare for Fed’s next jumbo rate hike
Bloomberg Gold steadied after posting the biggest weekly gain since May as investors weighed prospects for tighter US monetary policy and concerns over an economic slowdown. Bullion hit the lowest…
- businessweekly
- July 26, 2022
- 33 views
Favoured emerging-market trade loses luster on recession fears
Bloomberg Investors are rethinking what was the go-to trade in emerging markets at the start of the year: betting on rising short-term rates as rampant inflation forced central banks into…
- businessweekly
- July 26, 2022
- 58 views
Africans look to crypto as charity funding dwindles
Reuters A sculpture of a giant tap spewing plastic waste greeted delegates at UN environment talks in Kenya earlier this year – a reminder of the urgent need for them…
- businessweekly
- July 26, 2022
- 96 views
RBZ releases 2 000 gold coins into market
Business Writer RESERVE Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market following pronouncements made late last month. The coins started…
- businessweekly
- July 25, 2022
- 67 views
Gold coins go on sale today
Business Writer Gold coins are set to go on sale today, as the Reserve Bank of Zimbabwe, continues on its quest to bring stability in the economy. A core function…
- businessweekly
- July 25, 2022
- 89 views
US$175m for compensation of pensioners, policyholders
Business Writer Government has set aside US$175 million to compensate pensioners and insurance policyholders for value that was lost during the pre-2009 hyperinflation era. Finance and Economic Development Minister, Mthuli…
- businessweekly
- July 25, 2022
- 61 views
Zimplow records strong order book, as revenue spike 33pc
Business Writer Zimplow saw its top and bottom line performance for the first five months of 2022 from continuing operations rise 33 percent and 58 percent respectively, in real terms,…
- businessweekly
- July 25, 2022
- 70 views
Afdis to leverage on locally generated forex
Business Writer Spirits and wine maker, African Distillers, says it will continue to leverage on foreign currency generated from trading to ensure continuous supply of imported inputs. Afdis business is…