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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.
Dubai - The head of an investment company owned by Dubai's ruler says now is not the right time to invest more of the government-affiliated fund's money.
Sameer Al Ansari, executive chairperson and chief executive of Dubai International Capital, said at a business leaders conference on Sunday he believes the world is heading into "a deep recession" that could last two to three years.
He said the fund would be "extremely conservative" and not try to time the bottom of the market.
Ansari also said Dubai's debt load is manageable. Some analysts have raised concerns the emirate could have trouble paying back its loans should the economy worsen.
- Sapa-AP