THE SMART NEWS SOURCE | Feb 10 2012 20:00 | LAST UPDATED Feb 10 2012 20:00 |
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Flu fears dampen talk of tentative world recoveryFears that any tentative green shoots in the global economy could be trampled by a deadly outbreak of swine flu put Asian markets on edge on Monday. No spring in sightBut there are some signs of ‘green shoots’, economically speaking, writes Lynley Donnelly. Rand dips as ANC set for big winThe rand slipped against the dollar on Friday as some investors worried about the size of the ruling ANC's huge election majority. Standard Bank paints bleak picture in annual reportStandard Bank said on Friday that despite weathering an exceptionally challenging year, it expected difficult operating conditions for 2009. Ramos: Global recessionary conditions worse than expectedGlobal recessionary conditions are worse than had been anticipated, Absa's CEO Maria Ramos said on Tuesday. The big ZERO in G20Jeffrey D Sachs and Brett House highlight the problems with aid distribution. Sony Ericsson to slash 2 000 jobs after lossesSony Ericsson on Friday said it would cut 2 000 more jobs after it swung to a loss of €293-million in the first quarter of the year. BMW staff tighten their beltsThe German group had €8-billion in cash at the end of 2008, when it saw profits drop to €921-million from more than €4-billion the previous year. 'Stress tests' to show health of US banking sectorDetails on stress tests measuring how well US banks will weather difficult economic conditions are to be disclosed to promote investor confidence. SABMiller beer volumes sink as slowdown bitesSABMiller sold less beer than expected in the first three months of 2009 as economic conditions worsened and demand fell in most of its markets. |
Photos about global financial crisis
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