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Financial Crisis

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Article
/ 4 November 2008

Rio Tinto sees no cuts in Africa budget

Global miner Rio Tinto sees no reason to cut its exploration portfolio or budget in Africa on the back of the global economic crisis.

By Staff Reporter
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Article
/ 3 November 2008

Stock markets mixed ahead of US vote

World stock markets turned mixed on Monday as already nervous investors waited for Tuesday’s United States presidential vote.

By Staff Reporter
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Article
/ 2 November 2008

Brown seeks IMF boost

British Prime Minister Gordon Brown on Sunday called for billions of dollars in extra funding for the IMF to prop up struggling economies.

By Staff Reporter
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Article
/ 1 November 2008

The biggest losers

Like local companies, executives are feeling the pinch of the recent drop in share values, writes Lynley Donnelly.

By Lynley Donnelly
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Article
/ 1 November 2008

Consumers curb spending, deepening recession fears

Sharp falls in consumer spending in the US and Germany deepened fears of a global recession as markets ended one of their most traumatic months.

By Staff Reporter
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Article
/ 31 October 2008

World markets lurch unsteadily to end of a mad October

World stock markets had mixed fortunes on Friday, with fearful investors groping for direction at the end of a mad month of wild volatility.

By Staff Reporter
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Article
/ 30 October 2008

IMF approves new fund for emerging markets

The IMF has approved a short-term financing facility for emerging-market economies that have a good economic track record.

By Lesley Wroughton
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Article
/ 30 October 2008

China’s growth slows down

Less demand for exports is hurting GDP growth, Graeme Wearden and David Stanway report.

By Graeme Wearden
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Africa
/ 30 October 2008

AU: Aid to Africa could fall due to global crisis

Developed countries are planning to cut aid to Africa due to the global financial crisis, a senior African Union (AU) commissioner said on Wednesday.

By Barry Malone
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Article
/ 30 October 2008

Fallout need not mean disaster

Banking Crisis: Maya Fisher-French looks at how the global meltdown affects your pocket.

By Maya Fisher French
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Article
/ 30 October 2008

Down but not out -just yet

Lynley Donnelly finds that the South African home market does not have the same risk
profile as the US and UK.

By Lynley Donnelly
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Article
/ 30 October 2008

Fiscal stance still conservative

Trevor Manuel’s medium-term budget policy statement could have taken a more aggressive approach.

By RA©jane Woodroffe
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Article
/ 30 October 2008

Russia’s rich out of money

For the Moscow pensioners gathered next to Karl Marx’s statue on Sunday there was, at last, something to be cheerful about.

By Luke Harding
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Article
/ 30 October 2008

Official: UK in a recession

The governor of the Bank of England Mervyn King admitted on Tuesday that Britain was entering its first recession since the early 1990s.

By Ashley Seager
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Article
/ 29 October 2008

White House to banks: Start lending now

The White House prodded banks and other financial companies on Tuesday to quit hoarding billions of government dollars flowing into their vaults.

By Jennifer Loven
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Article
/ 29 October 2008

Recession looms large, IMF warns

The threat of a global recession looms large and more needs to be done to safeguard emerging economies, an International Monetary Fund official said.

By Staff Reporter
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Article
/ 29 October 2008

IMF bails out Pakistan

Pakistan has sought an emergency bail-out from the International Monetary Fund.

By Saeed Shah
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Article
/ 28 October 2008

Manuel warns against shift to the left

Trevor Manuel has warned against adopting leftist policies after next year’s elections and said the global turmoil had introduced vulnerabilities,

By Staff Reporter
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Article
/ 28 October 2008

FirstRand will see out credit crisis, says CEO

FirstRand is adequately capitalised and has liquidity buffers in place to see out the credit crisis, its chief executive said on Tuesday.

By Staff Reporter
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Article
/ 28 October 2008

Obama, McCain spar over economy

White House frontrunner Barack Obama on Monday traded blows with John McCain over how to repair the stricken United States economy.

By Staff Reporter
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Article
/ 28 October 2008

Small US banks wary over bailouts

Smaller US banks have objected that they could be vulnerable to government-funded predatory takeovers as their larger rivals enjoy cash injections.

By Staff Reporter
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Article
/ 28 October 2008

Moscow parties as global capitalism burns

Foppish businessmen flirt with models as women crowd around jewellery displays — Russia’s party scene is showing little sign of a financial crisis.

By Staff Reporter
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Article
/ 27 October 2008

Economist eyes 35c/l drop in petrol price

The price of petrol should drop about 35 cents per litre (c/l) when the central energy fund releases the latest petrol and diesel prices on Friday.

By Staff Reporter
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Article
/ 27 October 2008

Markets tumble on recession fears

Growing fears of recession sent share and oil prices plummeting on Monday as markets shrugged off new moves to protect shell-shocked economies.

By Staff Reporter
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Article
/ 27 October 2008

Iceland says IMF cash not enough

Iceland said on Monday that IMF cash would not be enough to stabilise its ailing economy as it prepared for talks on the financial crisis.

By Staff Reporter
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Article
/ 27 October 2008

Oil price dives under $60 per barrel

Oil prices sank beneath $60 a barrel in London on Monday, hitting a 17-month low point on worries that a global recession would sap energy demand.

By Staff Reporter
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Article
/ 27 October 2008

SA’S automative industry not insulated from global crisis

South Africa’s automotive market is not insulated from the global economic churn and credit squeeze, PricewaterhouseCoopers said on Monday.

By Staff Reporter
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Article
/ 26 October 2008

Investors, scared by sell-off, look to central banks

Investors unnerved by a sell-off in shares are looking ahead to a week that may see a round of coordinated central bank action to calm markets.

By Jan Dahinten
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Analysis
/ 26 October 2008

Africa must capitalise on the crisis

One important consequence is that the crisis has exposed the serious deficiencies in global financial governance and the problems this creates.

By Staff Reporter
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Article
/ 25 October 2008

Blatter says Fifa secure in world financial crisis

Fida president Sepp Blatter said on Friday his organization’s finances are not at risk in the world financial crisis.

By Staff Reporter
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Article
/ 25 October 2008

Alarms ring as panicked markets dive

Leaders closed ranks on Saturday to try to bolster the confidence of investors fearful that the credit crunch is mutating into a worldwide recession.

By Alan Wheatley
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Article
/ 24 October 2008

Markets in freefall on gathering global gloom

World stock markets plunged deep into negative territory on Friday as gloom gathered over the global economy.

By Staff Reporter
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