EUROPE

HSBC falls after earnings as Gulliver says markets slow

London-HSBC Holdings Plc (HSBA), Europe's biggest bank, slid in London and Hong Kong trading after profit missed analysts' estimates and Chief Executive Officer Stuart Gulliver said fast-growing emerg...

By Bloomberg | Published: 06 August 2013

EUROPE

Lufthansa has no plans to reintroduce flights to Zimbabwe

BERLIN - Germany's flag carrier Lufthansa says it has no immediate plans to reintroduce flights to Harare despite renewed interest and comebacks by other major airlines in recent times, a company spok...

By Staff reporter | Published: 25 July 2013

EUROPE

Standard Chartered lags behind on EM uncertainty

LONDON - Standard Chartered lagged behind a rising London market yesterday as emerging markets uncertainty led Morgan Stanley to turn cautious. The broker cut Chartered to “neutral” ahead of inter...

By FT | Published: 25 July 2013

EUROPE

Record fine for Barclays over power prices

The US electricity market's overseer has slapped Barclays with a record $470m penalty over manipulating power prices, in the latest heavy regulatory sanction against the UK bank. The Federal Energy Re...

By FT | Published: 17 July 2013

ASIA PACIFIC

Standard Chartered hurt by Indian rate rise

Standard Chartered was a faller yesterday as a move by India to tighten liquidity raised concerns about the strength of its loan book. Chartered lost 2.8 per cent to £15.04 after the Reserve Bank of...

By FT | Published: 17 July 2013

AFRICA

Ecobank locked in boardroom battle over outstanding debts

The bank that blazed a trail across African borders to build the continent's most geographically diverse network is in the throes of a bitter boardroom battle over outstanding debts owed by businesse...

By FT | Published: 17 July 2013

EUROPE

Tablet wars intensify as prices tumble

Washington -Tablet prices are plunging amid a flood of new devices and cutthroat competition for market share.Amazon has slashed prices of its Kindle HD tablets to as low as $169 (R1 673) in the US a...

By AFP | Published: 16 July 2013

AFRICA

NUM to strike at four De Beers businesses

THE National Union of Mineworkers (NUM) will start a strike from this evening at four De Beers businesses in South Africa, including three mines, the union said.De Beers, the world’s largest produce...

By Allan Seccombe | Published: 05 July 2013

EUROPE

Portugal political crisis deepens

Two more Portuguese ministers from the junior ruling coalition party were ready to resign on Wednesday, local media said, deepening turmoil that could trigger a snap election and derail Lisbon's exit ...

By Reuters | Published: 03 July 2013

EUROPE

Strong passenger growth trend continues

The International Air Transport Association (IATA) announced global passenger traffic results for May showing that air travel continued to expand at a healthy rate. Growth was led by emerging markets...

By Business reporter | Published: 03 July 2013

AMERICAS

Fed to force banks to follow tougher capital rules

The Federal Reserve warned US banks to expect a new raft of regulations on top of the Basel III capital regime it implemented on Tuesday. At a board meeting in Washington, Fed officials led by chairma...

By FT | Published: 03 July 2013

EUROPE

Greece has three days to deliver or face consequences

Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday. Th...

By Reuters | Published: 03 July 2013

EUROPE

British Airways to trial electronic baggage tag

British Airways will start testing an electronic baggage tag which could remove the need for a new paper tag each time a traveller flies and speed up passenger check-in times at the airport.Passengers...

By Raymond Kollau | Published: 01 July 2013

AMERICAS

Who will succeed Ben Bernanke?

Washington - The White House has assembled a short list of candidates to succeed Federal Reserve Chairman Ben Bernanke, a source familiar with the process said last week, and US Treasury Secretary Jac...

By Reuters | Published: 01 July 2013

AMERICAS

New $100 bill expected in October

New York - For only the fourth time in history, there will be a new $100 bill.America's Federal Reserve announced that after a three-year delay due to slower-than-expected production there will be an ...

By CNNMoney | Published: 30 June 2013

EUROPE

New BoE boss faces stimulus battle

London - Canadian Mark Carney begins his job as governor of the Bank of England on Monday, joining an institution divided on whether to pump out more cash stimulus to boost Britain's fragile economic ...

By Alice DORE, Roland JACKSON | Published: 30 June 2013

EUROPE

'Tesco turnaround could take 3 years'

London - A former chairman of Tesco, the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clark...

By Reuters | Published: 30 June 2013

AMERICAS

Morgan Stanley completes purchase of Smith Barney Venture

Morgan Stanley (MS) completed its purchase of a brokerage joint venture with Citigroup Inc.'s Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.Mo...

By Michael J. Moore | Published: 30 June 2013

MIDDLE EAST

Qatar emir announces transfer of power to his son

DOHA - Qatar's emir Sheikh Hamad bin Khalifa al-Thani said on Tuesday he was transferring power to his son, Crown Prince Sheikh Tamim, taking the rare step for a Gulf Arab ruler of voluntarily ceding ...

By Regan Doherty | Published: 30 June 2013

ASIA PACIFIC

Rudd win ‘may lift confidence’, economists and investors say

SYDNEY - Kevin Rudd's victory as leader of Australia's governing Labor Party may boost consumer and company confidence before an election that could be held as early as August, according to investors,...

By Adam Haigh | Published: 30 June 2013

EUROPE

Crisis in UK ‘worse than previously believed’

LONDON - Britain suffered a much deeper recession in 2008-09 than first thought and the economy remains further from recovering its pre-crisis size, according to sweeping revisions to official data.Re...

By Sarah O’Connor and Claire Jones | Published: 30 June 2013

EUROPE

Cameron defends UK's spy agencies

LONDON - British Prime Minister David Cameron said on Monday that the UK's spies acted within the law, following revelations that the intelligence agencies had received data collected secretly by the ...

By Agency Staff | Published: 11 June 2013

AMERICAS

Obama to name Furman as chief economist

Washington - President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said.Furman, who will replace economist ...

By Reuters | Published: 11 June 2013

MIDDLE EAST

Emirates SkyCargo wins Cargo Airline of the year 2013 Award

Emirates SkyCargo, the freight division of Emirates, has cemented its position as a leading global player in air cargo industry by winning the 'Cargo Airline of the Year 2013' award at the Air Cargo W...

By Xolani Nsingo | Published: 10 June 2013

ASIA PACIFIC

Emirates' Airbus A380 to be launched to Brisbane and Auckland

HARARE - Brisbane is set to become Emirates' third Australian destination to welcome the airline's flagship Airbus A380, with the announcement that Emirates will operate the A380 on the Dubai to Bri...

By Moyo Roy | Published: 10 June 2013

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