SABC: Mining production shows first increase since July 2008 Statistics South Africa (Stats SA) today announced that mining production has shown its first increase since July 2008. The index of total mining production was 7.7% higher in January 2010 compared with January 2009. SABC: Govt cautions against business malpractice amid World Cup The Cabinet has expressed concern at what it terms the ill-advised plan by some businesses in South Africa to increase their prices ahead of the 2010 FIFA World Cup, in order to make maximum profits. SABC: Red Knights appoint Nomura to advise on Man Utd Wealthy supporters trying to put a bid together for English Premier League champions Manchester United have appointed Nomura as financial advisers, in a further sign of serious intent. SABC: MTN posts lower profits despite customer base hike MTN, Africa's biggest mobile operator by subscribers, has posted lower 2009 profit despite its new customer base increasing by 28% to 116 million. The country's second-biggest mobile phone operator says movements in exchange rates in the year, mainly in the South African rand and Nigerian naira, had a substantially negative impact on the group's financial re ... AllAfrica: Africa: Copenhagen Accord - What Future for the Climate? As the dust settles after what appeared to be a failed climate change convention in Copenhagen, leaders, delegates and experts have gone back to the drawing board to look at what went wrong and how to avert such in the future. AllAfrica: Africa: Region Imports U.S.$33 Billion Food Annually Africa imports $33 billion worth of good annually. The continent also gets about $3 billion food aid annually to bridge the gap between domestic food supply and demand, the Secretary General, UN Economic Commission for Africa (ECA) has said. AllAfrica: Uganda: Government to Boost Sanitation Government has announced a Shs 135 billion budget to rid Uganda of dirt. The Minister of Water and Environment, Maria Mutagamba confirmed that government had already secured the 50 million euros (about 135b/=) to fund sanitation programmes in the country. AllAfrica: East Africa: Investment Summit an Opportunity for Uganda Uganda will in April this year, host the 3rd East African Investment Summit under the theme 'EAC Common Market: The Preferred Investment Destination'. AllAfrica: Africa: UN - Continent Spends $33 Billion On Food Imports Yearly The Under-Secretary General and Executive Secretary of the United Nations Economic Commission for Africa (UNECA), Mr. Abdoulie Janneh yesterday said food imports from the developed world into the African continent annually gulps $33 billion. AllAfrica: Nigeria: The Warri Industrial Park Driven by the need to speed up development in the state, the Delta State Government recently launched a business development initiative which it called the Warri Industrial Park. The master plan of the park was unveiled recently in Warri, Delta State. SA, UK agree to work towards doubling their two-way trade 301 Moved Permanently 404 Not Found 404 Not Found 404 Not Found 301 Moved Permanently 301 Moved Permanently 404 Not Found 404 Not Found 404 Not Found Next page-->

Financial Times - World - International Economy Financial Times - World - International Economy View source archive --> Search this source --> ·Copenhagen talks enter 'new phase' Copenhagen climate conference enters a 'new phase' as ministers join in intensive negotiations to deliver an agreement by the end of the week, the president of the meeting says ·Obama presses banks to boost lending President Obama told the US's top bankers that they had a 'special responsibility' to help spur on the economic recovery after they received government bail-outs last year, urging them to increase lending to small businesses and mortgage refinancing ·Darling defies threats on bonus tax The chancellor has warned he will not water down his 50 per cent supertax on bonuses or offer special deals after brokers and banks threatened to move staff out of the UK ·Clouds mar Europe's sunnier outlook Prospects have brightened noticeably since August, when the map was last published, with northern Europe capturing the best of the light. A robust recovery in Germany and evidence of a clear turnaround in France have helped ·Fed to split monetary and liquidity policy The Federal Reserve is unlikely to make any big changes to its monetary policy stance at the conclusion of its December meeting on Wednesday, though there is a chance it could make some alterations to its provision of liquidity ·Greece moves on costs and corruption The Athens stock market lost 1.2 per cent in early trading as investors absorbed news of the Greek government's plan to reduce the country's budget deficit ·US banks to repay rescue funds Citigroup and Wells Fargo unveiled plans to sell a total of up to $30bn in stock and return a combined $45bn to US taxpayers in a move that will free them from heightened government supervision but could hit shareholders ·Japan business confidence remains low Business morale improves more slowly in the fourth quarter and large manufacturers surveyed by the central bank plan record cuts in capital spending as a strong yen threatens a fragile economic recovery ·China eclipses US in initial public offferings Chinese stock exchanges raised double the amount of money secured by IPOs across the US showing how activity is shifting from west to east ·Pipeline brings Asian gas to China The first pipeline bringing central Asian natural gas to China opened, underscoring Beijing's importance to the former Soviet republics. China's president, Hu Jintao, joined counterparts from Turkmenistan, Kazakhstan and Uzbekistan for the ceremony

SABCNews.com - Economy Latest news for Economy. View source archive --> Search this source --> ·Mining production shows first increase since July 2008 Statistics South Africa (Stats SA) today announced that mining production has shown its first increase since July 2008. The index of total mining production was 7.7% higher in January 2010 compared with January 2009. ·Govt cautions against business malpractice amid World Cup The Cabinet has expressed concern at what it terms the ill-advised plan by some businesses in South Africa to increase their prices ahead of the 2010 FIFA World Cup, in order to make maximum profits. ·SA, UK agree to work towards doubling their two-way trade South Africa and the United Kingdom have agreed to work towards doubling their two-way trade. ·Red Knights appoint Nomura to advise on Man Utd Wealthy supporters trying to put a bid together for English Premier League champions Manchester United have appointed Nomura as financial advisers, in a further sign of serious intent. ·MTN posts lower profits despite customer base hike MTN, Africa's biggest mobile operator by subscribers, has posted lower 2009 profit despite its new customer base increasing by 28% to 116 million. The country's second-biggest mobile phone operator says movements in exchange rates in the year, mainly in the South African rand and Nigerian naira, had a substantially negative impact on the group's financial results. ·Importer demand for foreign currencies weighs on rand Issues set to come to the fore on domestic financial markets today include currency movements and commodity prices. The rand's progress will be dependent on whether the gold price recovers after falling in New York trade to its weakest level in two weeks, while investors will focus on the Euro as well to see whether it supports the domestic currency against the US dollar. ·Zimbabwe Minister to visit displaced foreigners in De Doorns Zimbabwean Labour Minister Paurina Mpariwa is expected to visit displaced Zimbabwean workers at De Doorns in the Boland today. Thousands of workers were chased out of their shacks by locals at the Stofland informal settlement late last year. ·Foreign demand fuels continued mohair price increase The price of mohair has continued to rise on the back of increased demand from overseas markets. The market indicator at the second auction of the 2010 Summer Season in Port Elizabeth rose by 10.7% to close at R95.15 a kilogram. ·Coal prices expected to average $81.30 during 2010 Prices of South African coal cargoes are expected to average $81.30 a tonne during 2010, according to a survey of 12 coal producers, traders and end-users attending an industry event in Mumbai this week. ·China keen to invest in mines-Minister South Africa's mines minister said on today China had shown strong interest in investing in the country's mining sector and reassured investors there were no plans to nationalise mines.

AME Info | Finance and Economy Finance and Economy news and features. View source archive --> Search this source --> ·UAE completes VAT study The Director General of the UAE's ministry of finance, Younis al Khoori has confirmed that the ministry had completed a study of a value-added tax (VAT) and its potential impact on the economy, The National has reported. "We have submitted our report to the Cabinet," he said, while declining to say when a VAT could be introduced. ·Saudi inflation rises Official statistics indicate that Saudi Arabia's annual inflation rate rose to its highest level since June, up from 4.1% in January to 4.6% in February, on rising food costs, Reuters has reported. Month-on-month, the inflation rate in the world's largest oil exporter, as measured by the cost of living index, stood at 0.5% in February, up from 0.2% in January. The kingdom's index of cost of living rose to 126.1 point ... ·Egypt urban annual consumer inflation drops to 12.8% Egypt's statistics agency CAPMAS has said that the country's urban annual consumer price inflation dropped below forecasts to 12.8% in the year to February, Reuters has reported. Prices of food and beverages, which account for more than 40% of the weighting of the basket Egypt uses to measure inflation, rose 22.6% from February 2009 but were lower month-on-month, the index showed. Annual inflation in January was 13.6 ... ·Tadawul climbs 0.55% Saudi Arabia's Tadawul All Share Index (Tasi) rose 0.55% to 6,565, with 71 stocks rising and 41 falling. All sectors ended higher save Insurance, Real Estate Development, and Transport. Alinma Bank, the day's most active stock by value and by volume, climbed 0.78% to SR12.85, while fellow market leader Kingdom Holding gained 2.06% to SR9.75. ·ADX gains 1.16% The Abu Dhabi Securities Exchange climbed 1.16% to 2,827, with 15 stocks rising and 15 stocks falling. The Real Estate sector led the way, gaining 2.33%, while the Consumer sector fell the most, down 4.12%. Aldar, the day's most active stock by value and by volume, gained 3.92% to Dhs3.96.The National Bank of Ras Al-Khaimah was the day's big gainer, rising 8.53% to Dhs4.20.

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Scotsman.com Business - Economy A Scottish perspective on world events. View source archive --> Search this source --> ·Myners warns of 'hypochondria' in EU over rules on financial risk CITY minister Lord Myners warned yesterday against "regulatory hypochondria" from Brussels that might demonise private equity and hedge funds. ·China makes mockery of UK's woes as exporting grows by 46 per cent IN STARK contrast to the economic woes on our doorstep, figures yesterday showed exports from China had grown by almost 46 per cent last month, writes Scott Reid. ·Blow for UK recovery hopes as industrial output drops sharply GORDON Brown's attempt to persuade voters yesterday that the government is steering a successful path to recovery was immediately thrown into doubt by official figures sho

Scottish Executive News Online - Economy Scottish Executive News Online - Economy View source archive --> Search this source --> ·Edinburgh to host energy conference Event will harness financial innovation to combat climate change - First Minister. ·Economic Recovery Plan Update on actions to improve long-term performance of Scottish economy. ·Food and drink to sustain Homecoming success Economic recovery can continue with focus on tourism - Minister. ·Importance of budget stability Scotland's budget must not be subject to further Westminster cuts - First Minister. ·Property industry supports economic recovery First Minister speaks at Scottish Property Federation's annual conference. ·Science education Plan to increase young people's focus on science and engineering. ·Science Graduates for Work Pilot scheme to help some of Scotland's new scientists build careers. ·Swinney upbeat on economic prospects Challenges remain but business can embrace opportunities for growth. ·Energy costs Minister comments on report on future of Britain's electricity networks. ·Council tax freeze for third year Move will help people in challenging climate.

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