adminLosses in Hippo, Delta weigh down Industrials
Business Reporter THE Zimbabwe Stock Exchange industrial index declined yesterday on losses in selected heavyweight stocks while the mining index of four trading shares remained unchanged. After trades, the industrial…
Stronger US data spurs world shares, yen falls
WORLD shares edged toward six-year highs yesteday and the yen languished at long-term lows against the euro and dollar after a batch of strong US economic data boosted investor sentiment.…
Rwanda: Mining surges as minerals certified ‘conflict-free’
KIGALI — Industries worldwide are taking a closer look at their supply chains for minerals exported from Africa’s Great Lakes region. They are worried they could be penalized for buying…
Cell C mum on Telkom mobile assets
JOHANNESBURG — Acquiring the mobile assets of Telkom could “make sense” for rival operator Cell C, its acting head said yesterday, although he declined to say whether it would make…
Euro 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.…