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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.
London - Home repossessions in Britain rose 71% in the third quarter from a year earlier to 11 054, Britain's financial services regulator said on Tuesday in another dismal token of the financial crisis and the country's collapsing housing market.
The Financial Services Authority report, published on Tuesday, reflects the strain British homeowners are under as the credit crisis has resulted in mortgage rates increasing rapidly over the last year, leaving many unable to pay their mortgages.
The simultaneous housing market crash - which has seen average house prices fall by more than 10% in the last year - means that many homeowners now owe more on their homes than they are worth so they can't sell their homes to cancel their mortgage debts.
- AP