adminUS banks fail Federal Reserve test
Four US financial institutions, including Citigroup, have failed stress tests designed to show they could withstand a financial shock.The Federal Reserve said Citi, SunTrust, Ally Financial and MetLife failed to show they have enough capital to survive another serious downturn.
Citigroup is the third-largest US bank. The majority of the 19 tested passed.
US banks fail Federal Reserve test
Four US financial institutions, including Citigroup, have failed stress tests designed to show they could withstand a financial shock.The Federal Reserve said Citi, SunTrust, Ally Financial and MetLife failed to show they have enough capital to survive another serious downturn.
Citigroup is the third-largest US bank. The majority of the 19 tested passed.
Djibouti finalising finances for new ports
NAIROBI — Djibouti’s port authority is close to securing $4.4 billion from international banks to finance the building of five new ports in the next four years to meet growing demand for trade boosted by South Sudan’s gaining of independence.Job seekers swindled
Midlands Correspondents.Hundreds of job seekers in Gweru were allegedly fleeced of their money by a security company, Under Cover Security, when the company manage-ment collected $20 from each indivi-dual and vanished after promising them jobs.
Sudden push by West in Central Africa suspicious
By Garikai ChenguOF late, Western media social networks and US Congressional hearings are ablaze with talk about major US military deployment in Central Africa to eliminate one Joseph Kony.
Kony is the leader of Uganda’s Lord’s Resistance Army (LRA), a rebel group that operates in an area the size of France across several African nations. The LRA is ostensibly fighting for religious freedom for Uganda’s underdeveloped north.
Bulawayo ladies darts team selected
Sports ReporterAN eight-member women’s darts team will represent Bulawayo in the forthcoming National Darts Association of Zimbabwe-organised Easter Holidays Darts Championships after trials were held at Bellevue Sports Club over the past weekend.
Preps for poultry exhibition on course
Business ReporterPREPARATIONS for the inaugural poultry exhibition organised by the Zimbabwe Poultry Association are at an advanced stage.
Come up with fundable projects, youths urged
Business ReporterYoung people must come up with entrepreneurial projects that can be supported so as to alleviate the high unemployment rates that the country is faced with, an official has…
Green Fuel fails to pay employees full salaries
Ethanol producer Green Fuel failed to pay its employees full February salaries owing to the deepening financial crisis it is facing, officials have said.The company, which produces ethanol from sugar cane, is facing resistance from local oil companies to blend imported petrol with its fuel, something that could help bring down prices.
Sand poacher crushes council ranger
Chronicle ReporterA sand poacher ran amok, crushing the skull of a Bulawayo City Council ranger before running over his body with a seven-tonne truck, after he was found illegally abstracting sand at Methodist Village just outside Pumula.