Despite mining minister Susan Shabangu's reluctance to say it, South Africa is not going to nationalise its mines.
South Africa said it would push Wal-Mart to rejig the conditions of its $2.4 billion Massmart deal, as Pretoria looks to wring bigger concessions from the world's top retailer.
China has unveiled rules aimed at easing territorial disputes with southeast Asian nations with an official newspaper on Tuesday placed much of the blame for recent tensions in the South China Sea on U.S. trouble-making.
Buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group Co Ltd (HEG) through convertible bonds, raising its stake in a Chinese company expanding into Japan and China's untapped markets.
China is likely to export 45 million tonnes of steel products in 2011, up 5.7 percent compared with last year, the industry ministry said on Tuesday.
the very wealthy have begun investing in private vessels to explore the other great frontier: the ocean's depths.
The top pre-market NASDAQ Stock Market gainers are: Foster Wheeler AG, SIRIUS XM Radio, Cognizant Technology Solutions, Sohu.com, and Pan American Silver. The top pre-market NASDAQ Stock Market losers are: Ctrip.com International, Allot Communications, Nova Measuring Instruments, Kulicke & Soffa Industries, and Ryanair Holdings.
The U.S. is one Senate vote away from averting a federal government default and toward taking a step in the direction of fiscal health: The Senate is expected to vote and pass the bipartisan debt deal legislation Tuesday around noon EDT, and President Barack Obama is expected to sign it quickly.
he British-based bank may slash at least 1,400 more jobs in 2011, after already having eliminated another 1,400 positions this year
The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
Brokers have expressed outrage at a recent move by Firstfolio to impose a fee on non-performing originators.
South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
Communication software maker Synchronoss Technologies Inc posted better-than-expected quarterly results, helped by a 13 percent jump in revenue at its largest customer, AT&T Inc, and raised its full-year outlook.
HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, on Monday said it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, said on Monday it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
Interest rates on most Treasury bills fell on Monday after a tentative deal among top Washington lawmakers to raise the debt ceiling soothed anxiety of a sovereign debt default.
Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday.
Twitter announced on Monday that it had received another significant investment, this time $800 million from Russian investment firm DST Global. The deal gives the social media company an $8 billion valuation, but a big question still remains--why?
The increase in the debt ceiling is only half of what President Obama was asking for and will therefore create another round of default trauma when the next debt ceiling is reached. I
High inflation and soaring real estate prices have thrown thousands of residents into dire straits.
In the rush to strike a debt deal to raise the debt ceiling and avoid a U.S. Government default, one question has been overlooked: will the debt deal increase or decrease the U.S. unemployment rate?
Banks around the world are likely to keep slashing jobs in order to compete better in what is a cut-throat global business.