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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 - New York Federal Reserve president Timothy Geithner has been selected to become US Treasury Secretary amid the global financial crisis, a key advisor to president-elect Barack Obama said on Sunday.
"Tim Geithner is someone who had experience in dealing with economic crises as the assistant secretary of Treasury for international affairs in the '90s," incoming White House senior advisor David Axelrod said on Fox television.
"He's intimately involved with the situation now in his role as president of New York Fed.
"By temperament and experience, he's the right man to lead the Treasury now," Axelrod stressed.
- AFP