Gold rally extends to 4th day as Greek talks break down

Gold extended gains to a fourth straight session on Tuesday, underpinned by safe-haven bids after talks between Greece and its creditors broke down. Spot gold rose 0.1 percent to $1,232.50 an ounce by...

By Reuters | Published: 17 February 2015


Oil prices rise further but analysts expect downward correction

Oil markets opened stronger on Tuesday, continuing a rally that has seen Brent crude futures soar 8 percent since mid-January, yet analysts are increasingly saying that price rises have been overblown...

By Reuters | Published: 17 February 2015


Microsoft's Bill Gates steps down

Seattle - Microsoft named company veteran Satya Nadella as its next chief executive officer on Tuesday, ending a longer-than-expected search for a new leader after Steve Ballmer announced his intentio...

By Reuters, AFP | Published: 04 February 2014


China assumes KP chair

The incoming Kimberley Process Certification Scheme (KPCS) chairperson, Mr Wei Chuanzhong says China appreciates the significant role that the scheme must play in promoting legal diamond trade and in ...

By Staff reporter | Published: 25 November 2013


Oil drops more than 2% after Iran deal

Singapore - Brent crude prices fell by more than 2% on Monday following a key deal between world powers and Iran on its controversial nuclear programme.Brent North Sea crude, the European benchmark, f...

By AFP | Published: 25 November 2013


Emirates to keep buying aircraft

Dubai - Emirates Airline's appetite for aircraft purchases will not cease, the airline's president Tim Clark told AFP Monday a day after the Dubai-based carrier ordered 200 planes from Boeing and Airb...

By Sapa-AFP | Published: 18 November 2013


UK scraps £3,000 visa bond plan for 'high risk' Africans

Britain is scrapping a plan to force visitors from six "high risk" countries to pay a cash bond of £3,000 (about R48,000), the interior ministry said on Sunday.The government had been preparing to pi...

By Sapa-AFP | Published: 04 November 2013


Wealthy families hoarding cash, says Citi

A new survey of family offices by Citi finds that the wealthy are cash heavy  - meaning they may fall short of the investment returns they're expecting.Wealthy families have about 39 percent of t...

By CNBC's Lawrence Delevingne. | Published: 04 November 2013

US launches new $100 banknote

Washington - The United States launches today (Tuesday 08 October) a new $100 bill that comes with, for the iconic greenback, a new touch of colour, as well as special features to foil counterfeiters....

By AFP | Published: 08 October 2013


US Government shuts down

WASHINGTON - The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to br...

By Bloomberg | Published: 01 October 2013


BlackBerry posts $965m loss

Ottawa - BlackBerry said Friday that it lost $965m in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian smartphone maker.The company, which had given ...

By AFP | Published: 27 September 2013


BlackBerry is in a death spiral - analyst

Toronto - BlackBerry's plan to retreat from the consumer market in favour of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn ...

By Reuters | Published: 23 September 2013


BlackBerry unveils the Z30 as its new flagship

Toronto - BlackBerry launched its new Z30 flagship smartphone on Wednesday, as it battles to win back market share despite uncertainty around its future.Once a pioneer in the smartphone arena, BlackBe...

By Reuters | Published: 18 September 2013


Four in court over attempt to take control of bank computers

London - Four men have appeared in court over an alleged attempt to take control of computers at a Santander bank branch to steal millions of pounds.They were charged with conspiracy to steal after an...

By BBC | Published: 16 September 2013


Toyota to sell first hydrogen fuel cell car in 2015

Though everyone thought we were decades away from this, Japanese automaker Toyota plans to unveil its first-ever commercially produced hydrogen fuel cell car in January in Las Vegas, and it will hit t...

By Charles Kennedy of | Published: 11 September 2013


Apple unveils new iPhone 5s and 5c

Apple has unveiled two new iPhones: the 5S, which has a significantly faster processor and an extremely cool feature in the fingerprint sensor, and the budget 5C version.These are the phones the compa...

By Staff reporter | Published: 11 September 2013


Samsung unveils a smartwatch

Berlin - Samsung has unveiled a highly anticipated digital wristwatch at least weeks ahead of a similar product expected from rival Apple. The so-called smartwatch is what some technology analysts bel...

By AP | Published: 04 September 2013


Microsoft to buy Nokia's mobile phone business unit

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 45% on new...

By BBC | Published: 03 September 2013


Vodafone says in talks on sale of Verizon Wireless stake

LONDON - Mobile phone giant Vodafone said on Thursday that it is in talks with US telecoms operator Verizon on a possible sale of its stake in Verizon Wireless said to be worth more than $100 billion....

By AFP | Published: 29 August 2013


European Central Bank is unlikely to keep its interest rates low

FRANKFURT - The European Central Bank is unlikely to keep its interest rates low for years, the head of the German Bundesbak said on Monday, but warned that the eurozone crisis is far from over."My as...

By AFP | Published: 26 August 2013


Microsoft CEO Steve Ballmer to retire within 12 months

Steve Ballmer has been CEO of Microsoft MSFT +8.18% since taking over from Bill Gates in January 2000, but his long tenure is drawing to a close.The tech giant said Friday that Ballmer has decided to ...

By Business reporter | Published: 23 August 2013


Moody's considers downgrading top US banks

NEW YORK - Moody's has warned that it could cut the credit ratings of the six biggest US banks, saying the federal government may be less likely to bail them out if they got into trouble in the future...

By FT | Published: 23 August 2013


UK banks to pay up to $2bn for mis-selling credit card protection

The U.K. banking regulator says it has reached a deal with 13 major banks and credit card issuers to compensate customers who were mis-sold credit card protection.The bill could be up to £1.3 billion...

By CNBC | Published: 23 August 2013


Germany says Greece will need more support

London-Greece will need additional financial support from its European partners on top of existing bailouts worth 240 billion euros, a senior German politician said Tuesday.Speaking during an electi...

By CNN News | Published: 21 August 2013


Tesla says model S Sedan receives top U.S. crash rating

Los Angeles-Tesla Motors Inc (TSLA), the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators.T...

By Bloomberg | Published: 21 August 2013

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