ASIA PACIFIC

Japan's tough choice on tax hike

Hong Kong-Japan is beginning to emerge from 15 years of economic stagnation but a tax rise aimed at controlling sky-high borrowing could spoil the party.The government is planning to double consumptio...

By CNNMoney | Published: 06 August 2013

ZIMBABWE

Fuel prices go up

The price of fuel has gone up with petrol selling at $1,70 per litre and diesel at $1,50 in a move that could result in a spiral of price increases of basic commodities. The increase, which coincided ...

By Business reporter | Published: 05 August 2013

ECONOMC INDICATORS

Zimbabwe inflation to slow down to 3.9%, says Biti

Zimbabwe's year on year inflation is expected to slow down to 3.9 percent  from projected 5 percent, due to the weakening rand. Finance Minister Tendai Biti said this whilst presenting the Mid-Te...

By Staff reporter | Published: 25 July 2013

ZIMBABWE

ZSE shares claw way back to positive territory

ZSE shares clawed back from yesterday's losses to close higher on Thursday led by gains in Econet for the mainstream Industrials and Bindura and Hwange for the resources sector.The Industrials Index g...

By Business reporter | Published: 25 July 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit widens to $2.4bn

Zimbabwe's trade deficit widened to $2.37bn in the six months to June after imports of $3.92 bln and exports amounted to $1.546m.South Africa remained Zimbabwe's biggest trading partner in the six mon...

By Staff reporter | Published: 25 July 2013

ZIMBABWE

Fuel prices go up

Zimbabwe's fuel prices increased marginally over the weekend by an average of $0,04 after going down by at least $0,10 in May.Petrol's price, which had increased to as much as $1,60 per litre, follow...

By Business reporter | Published: 24 July 2013

ZIMBABWE

Political risks to slow down economy

A local advisory firm has projected that Zimbabwe's economy is expected to slow down during the second half of the year due to political uncertainty and macro-economic risks confronting the economy. I...

By Business reporter | Published: 22 July 2013

ZIMBABWE

Zimra misses revenue target by 6%

The Zimbabwe Revenue Authority (Zimra) missed its revenue collection target for the second quarter of this year by six percent after its net collection amounted to US$836,9 million against a target of...

By Business Reporter | Published: 18 July 2013

EUROPE

BoE signals retreat from quantitative easing

The Bank of England's interest rate-setting committee signalled on Wednesday that it was retreating from quantitative easing as a means of stimulating the economy, preferring a more "mixed" strategy i...

By Business reporter | Published: 17 July 2013

ZIMBABWE

AfrExim Bank to increase Zimbabwe's borrowing limit

The Africa Export and Import Bank (AfrExim Bank) plans to increase Zimbabwe's borrowing limit to $800 million for the benefit of the productive sectors.The proposed upward adjustment of Zimbabwe's bor...

By Business reporter | Published: 17 July 2013

EUROPE

UK inflation rate rises to 2.9% in June

The rate of consumer price index (CPI) inflation increased to 2.9% in June, up from 2.7% in May, according to the Office for National Statistics (ONS).The figure, a 14-month high, was lower than the ...

By BBC | Published: 16 July 2013

AMERICAS

US inflation rises to 1.8% in June

Annual US consumer price inflation hit 1.8% in June as clothing, petrol and services costs all increased.That was up from the 1.4% figure recorded in May but still below the target inflation figure o...

By BBC | Published: 16 July 2013

ECONOMC INDICATORS

June CPI slows to 1.87%

Zimbabwe's year-on-year inflation rate for the month of June 2013 as measured by the all items Consumer Price Index stood at 1.87% shedding 0.33 percentage points on the May 2013 rate of 2.2%, the Zim...

By Business reporter | Published: 16 July 2013

ZIMBABWE

Mineral earnings to reach $24 billion

Mineral earnings from Zimbabwe are projected to rise 12-fold to $24 billion by 2018, from $2.6 billion last year, a study of the industry has shown, pointing out that fiscal revenue would equally get...

By Business reporter | Published: 16 July 2013

ZIMBABWE

Zimbabwe vulnerable to external shocks, says WB

ZIMBABWE'S international reserves are low at less than a month of import cover, far below the benchmark required for dollarised economies, leaving the country susceptible to external shocks, a World ...

By Business reporter | Published: 08 July 2013

ZIMBABWE

SA fuel hikes to affect Zimbabwe

Zimbabwean import costs from South Africa (SA) - its biggest trading partner - are expected to sharply increase, as a result of incessant fuel price hikes in that country, economic analysts say.Eric ...

By Business reporter | Published: 08 July 2013

ZIMBABWE

'No early Zim dollar return,' says Mugabe

President Mugabe has revealed that a Zanu-PF Government will not rush to re-introduce the Zimbabwe dollar if elected to power on July 31 as the party is mindful of avoiding a repeat of the hyperinfla...

By Staff reporter | Published: 08 July 2013

AFRICA

Mandela banknotes defective

Johannesburg - An important security feature on the new Mandela banknotes – which were rolled out in November last year - has been found to be defective, the Sunday Times reported on Sunday.The sec...

By Sapa | Published: 08 July 2013

MIDDLE EAST

Lalu Samuel ranked among top 100 Indian leaders in the UAE

1 July, 2013, Sharjah, UAE: Forbes Middle East announced the coveted list of the Top 100 Indian Leaders in the UAE at an impressive ceremony hosted recently at The Oberoi, Dubai, UAE. Lalu Samuel, Ch...

By Staff reporter | Published: 08 July 2013

AMERICAS

US added more workers in June than forecast

Employment increased more than forecast in June, wages picked up and the U.S. jobless rate held close to a four-year low as the world's largest economy weathered the effects of higher taxes and feder...

By Bloomberg | Published: 05 July 2013

ZIMBABWE

Zimbabwe to go it alone on diamonds mining

Government is mulling going it alone on Diamond mining and production as it says the country is well-equipped to start diamond mining operations through local consortia without foreign partnership t...

By Business reporter | Published: 10 July 2013

ZIMBABWE

Biti set to demonetise Zim dollar

Finance minister Tendai Biti is on the verge of gazetting a statutory instrument which will, among other things, seek to demonetise (to withdraw a currency from further use) the Zimbabwe dollar. Sour...

By Staff reporter | Published: 05 July 2013

ZIMBABWE

'Investment projects implementation low,' says AfDB

The African Development Bank says project implementation of investment projects since 2008 has been a paltry 6.9%. During 2008-2011, actual investments in the country amounted to $709.5 million out ...

By Business reporter | Published: 10 July 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit widens

Zimbabwe's trade deficit for the four months to April widened to $1.6 billion after the country imported goods worth $2.62 billion against exports of $1.02 billion. According to statistics released by...

By Business reporter | Published: 05 July 2013

AFRICA

SA Rand set for more weakness

South African government bonds retreated further on Thursday while the rand drifted near the previous session's four-day lows against the dollar, with pressure on riskier assets likely to persist ahe...

By Reuters | Published: 08 July 2013
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