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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Washington - President-elect Barack Obama's top adviser has a warning for US automakers: Without a plan to retool and restructure, there is very little taxpayers can do to help.
Congress last week refused to act on a bailout plan for the Big Three auto companies. Lawmakers are demanding that company executives first explain how they would reorganise themselves and make the industry viable.
Obama adviser David Axelrod says congress is sending the right signal to the industry.
The automakers had asked for at least a $25bn rescue. Obama has supported giving the industry a hand, but has said he would not support a "blank check."
- AP