Europe forges fiscal union to end debt crisis
European leaders have agreed to join their fiscal fortunes in order to stop a crippling debt crisis, save the euro currency and prevent further chaos.
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Oil inches closer to $102 ahead of EU debt summit
Oil prices have moved higher to almost $102 a barrel in Asia in anticipation of Europe's interest rate decision and debt crisis summit.
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The rising trend of falling supply
These days the news is full of dire warnings about another financial meltdown emanating from the sovereign debt crisis in Europe.
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Papandreou out as coalition gathers to put out Greek fires
The Greek PM and opposition have agreed on the formation of a new unity government in a bid to break a deadlock and pave the way for an EU bailout.
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Brace yourself South Africa, we're in for a rough ride
South Africans will have to tighten their belts, knuckle down and work together if we are to weather the economic storms ahead, says Pravin Gordhan.
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Global slump may retard Africa's growth
As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa
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Rand's 'annus volatilis' set to continue
The rand, thanks to its volatility in recent days, has quickly become one of the worst performing global currencies.
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Rates steady in spite of rand's freefall
The Reserve Bank kept interest rates steady on Thursday, after a sharp overnight depreciation of the rand and amid darkening expectations.
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Jittery investors dump SA bonds
As debt troubles in Europe and the United States keep global markets jittery, foreign investors appear to be shying away from South African bonds.
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Gold rush: An exercise in futility
As markets fluctuate in the wake of the world's greatest economic turmoil since the Great Depression, investors are frantically seeking a safe haven.
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