South Africa faced deep uncertainty on Wednesday after the greatest political shake-up since the end of apartheid set populist Jacob Zuma on the road to leadership of the country.
World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
South Africa's Standard Bank said on Monday a majority of shareholders had approved the acquisition of a 20 percent stake in the group by China's biggest lender ICBC for $5.6 billion.
India's Strides Arcolab and South Africa's Aspen on Tuesday struck multiple deals -- three for acquisitions and a cancer drugs joint venture -- boosting Strides' shares 20 percent.
BHP Billiton Chief Executive Marius Kloppers has told investors the firm is not adding a cash sweetener to its current all-share takeover proposal for mining rival Rio Tinto, a South African BHP shareholder said on Monday.
U.S. Treasury Secretary Henry Paulson Friday said a strong dollar is in the nation’s industry, but noted that parts of the subprime housing market will likely worsen over the next few months.
Flush with cash and swaggering with world-beating valuations, firms are likely to settle for small stakes in big rivals.
U.S. Treasury Secretary Henry Paulson said on Friday Washington was following a strong dollar policy and indicated he expected it to rebound, emphasizing the U.S. economy's long-term strength should help the currency.
British-based mobile phone giant Vodafone Group Plc raised full-year profit and sales forecasts on Tuesday after a strong set of half-year results topped consensus expectations, sending its shares climbing.
Nashua mobile network in South Africa revealed today that it will introduce satellite phones in different parts of Africa starting next week.
The South Africa government on Friday suspended the team that was representing the Information and Communication Technology (ICT) sector in the planning process for the 2010 soccer world cup.
Gold drifted lower on Monday tracking weaker oil but held above $800 an ounce, with an ailing dollar and positive fundamentals seen helping the metal to touch a record high set in early 1980.
Gold dipped but held firm above $800 an ounce on Monday because of surging oil and prices and a weak U.S. dollar and dealers said strong fundamentals could help the metal retest a record high of $850 soon.
Hindustan Unilever Ltd, India's top consumer goods maker, said on Friday it will set up a joint venture with Smollan Holdings of South Africa to service the Indian firm's retail customers.
South Africa has greatly improved its technology level by increasing its bandwidth beyond the requirements of the world soccer governing body, Federation of International Football Association (FIFA).
Brazil, the only bidding country, was named as the host nation of the 2014 World Cup finals by world soccer's governing body FIFA on Tuesday.
China's biggest lender ICBC is to buy 20 percent of South Africa's Standard Bank for 36.67 billion rand ($5.6 billion) in cash, in the biggest foreign investment yet in Africa.
Gold shrugged off a tumbling U.S. dollar to fall more than 1 percent on Monday as investors cashed in on the metal's rally to a near three-decade high.
World trade talks appeared to be making progress on Wednesday as the leaders of Brazil, India and South Africa said they were committed to reaching a deal.
Gold rebounded on Thursday as bargain hunters returned to the market amid worries about possible military action by Turkey in northern Iraq, high oil prices as well as a weak dollar.
Virgin Group, controlled by entrepreneur Richard Branson, is leading a consortium that has submitted a rescue plan for British bank Northern Rock that would inject a substantial cash sum, it said on Friday.
A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,407 per ounce, aided by rising bullion prices and worries over supply.
