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/ 22 December 2008
Hammered by waning global demand and a surging yen, Toyota slashed its earnings forecast again on Monday.
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/ 22 December 2008
Governments’ lack of fiscal stimulus to tackle the global slowdown may make a bad 2009 even worse, said the IMF chief in a recent interview.
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/ 22 December 2008
Harmony Gold Mining on Monday said it has raised R979-million before costs by placing shares, adding it would use the proceeds to cut its debt levels.
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/ 22 December 2008
Barack Obama’s administration signalled on Sunday that it was preparing the biggest economic stimulus in US history to avert mass unemployment.
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/ 20 December 2008
United States car makers mulled painful reforms on Saturday after President George Bush unveiled a $13,4-billion rescue loan for the industry.
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/ 19 December 2008
The United States government agreed on Friday to an emergency loan of $13,4-billion to ailing car makers.
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/ 19 December 2008
Diamond mining junior Petra Diamonds on Friday warned that the diamond mining industry faces difficult times in the year ahead.
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/ 18 December 2008
BHP Billiton’s chairperson, Don Argus, said on Thursday that as a standalone company BHP Billiton is in a strong financial and operating position.
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/ 18 December 2008
Chrysler said on Wednesday that it would halt factory operations for at least a month, putting new pressure on the Bush administration.
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/ 18 December 2008
Vietnam is set to miss its target of attracting five million tourists this year as arrivals have dropped amid the global economic downturn.
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/ 17 December 2008
Anglo American, one of the world’s largest mining groups, will ”try to minimise the impact of job cuts”, it said on Wednesday.
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/ 17 December 2008
Despite a winning concept amid global climate concerns, Norwegian electric carmaker Think may see its dreams come to a screeching halt.
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/ 16 December 2008
The Fed appeared set to cut interest rates to within sight of zero on Tuesday and Japan was weighing steps to ease funding.
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/ 16 December 2008
Formula one fears the departure of other major companies like Honda looking for ways to withstand the recession.
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/ 15 December 2008
Nearly 2 000 mine workers will lose their jobs following a decision by Aquarius Platinum to suspend operations at its Everest mine.
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/ 15 December 2008
Japan reported its sharpest crash in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999.
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/ 15 December 2008
The global financial crisis can stimulate new relationships between government, business and labour for developing countries.
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/ 12 December 2008
The global economic crisis has started to affect Botswana’s output, and will hit the mineral sector hardest, Finance Minister Baledzi Gaolathe says.
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/ 12 December 2008
”Finanzkrise” — meaning financial crisis — was recently picked as Germany’s phrase of the year by a panel of experts.
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/ 11 December 2008
The House of Representatives has approved a lifeline to the teetering US auto industry, but the legislation now faces stiff opposition in the Senate.
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/ 10 December 2008
The financial crisis is set to sharply slow growth in emerging and developing economies next year, ending a five-year global commodity price boom.
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/ 10 December 2008
The White House and congressional Democrats on Tuesday night reached an agreement in principle on a -billion proposal for bailing out US carmakers.
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/ 9 December 2008
EU leaders must show US president-elect Barack Obama they are serious about tackling economic slowdown and climate change by agreeing firm action.
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/ 9 December 2008
Young professionals have struggled to find work in a sliding economy, but one area — Silicon Valley — has been relatively immune. Until now.
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/ 9 December 2008
All the odds seem to be heavily stacked against South Africa’s goal of halving unemployment by 2014, industry players said late on Tuesday.
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/ 9 December 2008
The White House voiced concern about a Democratic plan on Monday to bail out stricken automakers with up to -billion in loans.
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/ 8 December 2008
The economic news last week was remorselessly grim from every corner of the globe.
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/ 8 December 2008
Global stock markets rebounded sharply on Monday on hopes of fresh government action to fight a deepening recession, dealers said.
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/ 7 December 2008
The combination of recession and efforts to jump-start economies can be a headache. In recessions, vices like tobacco and alcohol win ground.
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/ 7 December 2008
The $326-billion rescue of Citigroup was, some investors hoped, a turning point.
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/ 6 December 2008
Congressional Democrats and the White House have reached agreement on emergency aid for United States automakers.
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/ 6 December 2008
Foreign investment is unexpectedly biting our economy, writes Lynley Donnelly.