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/ 26 February 2009
South Africa is not in a recession despite some economists saying so, Finance Minister Trevor Manuel said on Thursday.
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/ 26 February 2009
The biggest challenge facing SA during the economic crisis is how to protect jobs, ANC president Jacob Zuma said on Wednesday.
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/ 25 February 2009
President Barack Obama sought to strike a delicate balance between hope and reality on Tuesday to reassure Americans mired in the economic crisis.
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/ 24 February 2009
The US vowed to prop up ailing banks if needed, with the government set to take a bigger stake in Citigroup and inject yet more cash into insurer AIG.
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/ 23 February 2009
Citigroup is in talks that could result in the United States government increasing its stake in what was the country’s most valuable bank.
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/ 22 February 2009
As their market values fall far below the level of funds received by the government, top US banks have become virtually state owned.
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/ 19 February 2009
Government, business and labour finalised a blueprint on Thursday for minimising the effect of the global financial crisis on the SA economy.
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/ 19 February 2009
The world economy will go through a rough patch this year and governments and central banks must revisit the way they operate, the IMF says.
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/ 19 February 2009
United States President Barack Obama pledged up to -billion on Wednesday to help stem a wave of home foreclosures.
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/ 17 February 2009
The International Monetary Fund warned on Tuesday that official economic recovery efforts were floundering.
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/ 16 February 2009
The impact of the economic crisis is deepening and will hit developing nations particularly hard, Chinese President Hu Jintao warned on Monday.
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/ 16 February 2009
President Barack Obama has decided to form a government task force for restructuring the struggling US car industry instead of naming a ”car czar”.
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/ 14 February 2009
Congress passed a -billion stimulus plan to jump-start the economy on Friday, as G7 finance chiefs vowed to ward off the specter of protectionism.
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/ 12 February 2009
Barack Obama may think words like ”catastrophe,” or ”crisis” will help sell his rescue plans, but history has shown that scare tactics can backfire.
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/ 11 February 2009
The kings of Wall Street will try to soothe Congress by defending their use of -billion in bank bailout money, but it may be a tough sell.
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/ 11 February 2009
Manufacturing output in South Africa plummeted 7,0% year-on-year in December from the previous month’s revised 6,4%.
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/ 10 February 2009
South Africa expects the metal price downturn to get worse and affect the economy further through capital flight and job losses.
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/ 10 February 2009
SA is expected to launch a slew of spending to shore up its economy against the downturn when Finance Minister Trevor Manuel unveils his budget.
The feel-good factor is boosting the local beauty industry, regardless of the economic crisis. Thembelihle Tshabalala reports.
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/ 9 February 2009
Well, it’s already happened. Barely two weeks into the job and President Barack Obama has compromised fundamental principles.
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/ 8 February 2009
Barack Obama will head to the American heartland on Monday in an attempt to win public support for his massive rescue Bill.
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/ 7 February 2009
After days of debate, President Barack Obama’s Democratic Senate allies unveiled a pared-down plan to pump at least $780-billion into the US economy.
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/ 6 February 2009
United States lawmakers on Friday lurched towards compromise on a vast package to rescue the US economy.
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/ 6 February 2009
US Senate Majority Leader Harry Reid halted debate on a -billion rescue Bill late on Thursday, but said lawmakers would resume work Friday.
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/ 4 February 2009
The Obama administration plans to limit pay to 000 a year for executives of government-assisted financial institutions.
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/ 4 February 2009
Bundled in city clothes, Zhao Yongfeng slumped in front of a television set and tried to ignore the red-cheeked children in padded jackets.
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/ 3 February 2009
African leaders on Tuesday discussed ways to ride out the global economic downturn.
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/ 3 February 2009
Australia unveiled a stimulus package and Japan announced a share-buying programme to assist banks on Tuesday in efforts to buoy their economies.
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/ 30 January 2009
Japanese industrial production fell 9,6% in December and core inflation almost evaporated, reinforcing expectations of a record economic contraction.
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/ 28 January 2009
Maria Ramos, chief executive of Transnet, said on Wednesday she sees the tough time for the global economy lasting 18 to 24 months.
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/ 28 January 2009
Worsening economic turmoil dominated talks and thoughts as world leaders and financial chiefs gathered on Wednesday for the annual Davos forum.
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/ 27 January 2009
Russia edged closer to a recession last month as half a million people lost their jobs and capital investment fell for the first time in nine years.