Tag Archives: Business/Finance

18Jan/17

Vedanta’s Zambia mine to pay first instalment of $100 mln fine by month-end

LUSAKA Jan 17 (Reuters) – Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources PLC, will pay the first tranche of a $100 million fine to the Zambian government by the end of month, the country’s investment firm said on Tuesday.
Continue reading

16Jan/17

U.S. should build better cars, says German economy minister

Germany’s economy minister tells Americans to ‘build better cars’ in response to Trump assertions he will hit German carmakers with a 35 percent U.S. import tariff.
Continue reading

16Jan/17

Sterling skids to three-month low as “hard Brexit” fears bite

Sterling skids to its lowest levels – bar a “flash crash” in October – in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a “hard” Brexit out of the EU and its single market.

Continue reading

12Jan/17

Zambians worried at soaring costs as economy struggles

Zambia’s economy has been growing at a sluggish rate averaging three percent per annum since copper prices dipped two years ago. The cost of living and doing business has been soaring in the process as the country faces economic challenges after the government cut fuel subsides last year causing a 39 percent price hike in petrol, analysts say.

Continue reading

12Jan/17

Dollar tumbles, bonds win as Trump trade fizzles

The U.S. dollar has nursed widespread losses after President-elect Donald Trump’s long-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus. But, as Sonia Legg reports, Trump did not mention possible tariffs against Chinese exports – a relief for Asian share markets that have feared the outbreak of a global trade war. Continue reading

10Jan/17

Breaking News

Reuters tells the world’s stories like no one else. As the largest international multimedia news provider, Reuters provides coverage around the globe and across topics including business, financial, national, and international news.

08Jan/17

The rise of the greenback: unstoppable?

The U.S. dollar has been at 14-year peaks on an abundance of upbeat global economic data and signs of quickening inflation, and a new Reuters polls shows most analysts expect the rally to continue through 2017. David Pollard reports on the winners and the losers of the greenback’s surge. Continue reading

06Jan/17

Japan defends Toyota after Trump tweets

The Japanese government defends Toyota Motor Corp after U.S. President-elect Donald Trump criticized the automaker’s plan to build a new factory in Mexico.

Continue reading