Business

South Africa’s NUM seeks 15-60p wage rises from gold, coal producers

JOHANNESBURG, May 19 — South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 per cent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labour climate.

Africa's biggest economy is hoping to avoid the 2012 wildcat strike action ... Read More

Buddhists attach Thai baht banknotes on an artificial tree with golden leaves during a mass alms offering ceremony in Bangkok May 19, 2013. — Reuters pic

Buddhists attach Thai baht banknotes on an artificial tree with golden leaves during a mass alms offering ceremony in Bangkok May 19, 2013. — Reuters pic

Recent Articles

German minister calls EU move on China solar ‘grave mistake’

BERLIN, May 19 — German Economy Minister Philipp Roesler said the European Commission made a “grave mistake” by agreeing to impose punitive import duties on solar panels from China and urged the ... Read More

BoE governor King warns of euro risk to British recovery

LONDON, May 19 — The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a television interview today.He ... Read More

The Rise and Fall of China’s Sun King

HONG KONG, May 19 — In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had ... Read More

Independent Scotland open to Cyprus-style bank risks, says Britain

LONDON, May 19 — An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.Before a referendum ... Read More

Texas joins flood of states suing BP over 2010 Gulf spill

TEXAS, May 19 — Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in US history.The complaint, filed ... Read More

EWOC’s planters scheme to hit 75pc take-up rate by year-end

KOTA KINABALU, May 19 — Sabah-based East West One Consortium Bhd (EWOC), expects the take-up rate for its East West One Planter’s Scheme (EWOPS), to hit 75 per cent by year-end, said Chief Executive ... Read More

Worldwide aims to complete Puncak Bestari project by 2017

SHAH ALAM, May 19 — Property developer, Worldwide Holdings Bhd, aims to complete the seven phases of its 50.2-hectare Puncak Bestari project, in Puncak Alam, Selangor, by 2017.The project, with a gross ... Read More

Bundesbank chief says France must take deficit cuts seriously

BERLIN, May 19 — France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens ... Read More

Oil rises, despite firm dollar

NEW YORK, May 19 — Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted US equities, although a strong ... Read More

Dow, S&P end at records, stocks mark 4th week of gains

NEW YORK, May 19 — US stocks continued their climb into uncharted territory last week, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of ... Read More

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