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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 - The head of a congressional panel overseeing the federal financial system bailout fund says Washington initially underestimated how much banks in America were struggling to stay afloat.
Elizabeth Warren says the approval of a repayment to the government of $68bn by several of the banks receiving taxpayer assistance amounts to "phase two of the economic recovery" in the system.
But at the same time, Warren said in an interview on CBS's "The Early Show," that then-Treasury Secretary Henry Paulson last year erroneously proclaimed banks to be stable when the government initially put some $350bn into these institutions.
She said that Paulson at the time said "they were all healthy banks... It just really turned out not to be the case."
- AP