Business

Opening Windows

Microsoft will reveal hundreds of pieces of computer code from its monopoly Windows operating system in the next several weeks to comply with an antitrust settlement.

The euro’s climb to parity with the dollar

The euro, rose to parity with the dollar on Monday in a steady march which gained strength in February this year from lacklustre US stock market performances and an expanding US current account deficit.

US targets African oil

In the run-up to a possible US-led offensive on Iraq, US oil companies and strategic planners have their sights on another gulf - West Africa's Gulf of Guinea, a booming backwater surpassing Saudi Arabia in oil exports to the United States.

Oil prices climb after renewed Mideast tensions

Oil prices resumed their upward climb on Monday on reports of increased tensions in the Middle East that saw Israeli tanks roll into the West Bank city of Ramallah.

Opec seen blocking Summit ‘green’ energy goal

Oil exporting countries are blocking European Union efforts to form an alliance with over 100 developing countries to push for firm targets on boosting ''green'' energy.

VW launches its ‘stealth-wealth’ land yacht

Volkswagen may mean People's Car in German, but the masses will not be driving the company's new luxury model, Phaeton, which costs 98 000 euros ( 000).

Another SA bank in trouble

Small South African bank Mercantile Lisbon Bank Holdings Limited became the latest victim of the woes hitting the sector when it warned it had suffered losses for the year and would require more capital.

Rosy results for SA-EU trade

Two-way trade between South Africa and the European Union showed a ''noteworthy'' increase last year despite an overall slowdown in EU trade with the rest of the world.

Nigerian ports to be privatised

A senior presidential aide said Nigeria will not completely sell off its seaports but will allow private operators to manage them for efficiency and profitability.

Mugabe threatens to seize Anglo company

President Robert Mugabe has threatened to nationalise one of the country's largest companies, majority-owned by South Africa's Anglo American Corporation.

SAA in US$20m deal for 49% of Air Tanzania

South African Airways (SAA) and Air Tanzania signed a deal on Monday whereby the South African national carrier will acquire a 49% stake in the East African airline.

Mboweni rules out interest rate drop

South Africans should not expect a drop in interest rates for the remainder of the year, Reserve Bank governor Tito Mboweni said on Tuesday.

SA’s Telkom sees no rival until October

SOUTH Africa's state-run telecommunications utility Telkom sees its monopoly continuing for at least another five months as the government grapples with the selection of a competitor.

Dwindling volumes cause rethink in oil sector

Dwindling volumes of the benchmark crudes used in Asian and European oil markets are forcing major players to bolster supplies in a bid to decrease the risk of prices being vulnerable to manipulation.

New Clicks attack Oz haircare market

New Clicks Holdings has entered into an agreement to buy a 94-store haircare franchise in Australia.

South Africa invites bids for PR for Telkom IPO

The South African government invited consultancies on Friday to bid to provide domestic public relations services for the initial public offering (IPO) of phone utility Telkom.

Banks throw Vivendi one billion euro credit line

Vivendi Universal said on Wednesday it has obtained a one-billion-euro (-million) credit line from a group of international banks as the beleaguered media giant struggled to avoid a cash crisis.

Internet, e-commerce boom despite economic woes

Use of the Internet is booming all around the world, bucking the global economic downturn and the crisis in the information technology industry, according to United Nations figures issued on Monday.
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