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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.
Brussels - Belgium said on Wednesday it is considering a new bailout for its ailing banks after shares in two major lenders fell dramatically.
KBC, one of the healthier Belgian banks and the last to seek government help last year, has seen its share value drop 70% since Friday.
The government on Wednesday commissioned an analysis by a management committee to allow it "to possibly take new measures," suggesting it could agree upon a new bailout for banks.
Belgium's largest bank, Fortis, was dismembered last year after government action and recapitalisations failed to calm investor fears that it could not cover its debt. KBC and another bank, Dexia, also swapped a stake for government money to help them ride out the financial crisis.
- AP