World needs 600 million jobs

World needs 600 million jobs

The world needs to create 600 million new jobs over the next decade to sustain economic growth and maintain social stability, the United Nations International Labour Organization (ILO) said in its annual report on global employment unveiled today. According to the...
Rio Tinto Extends Offer

Rio Tinto Extends Offer

Rio Tinto has extended its offer, made through an indirect wholly-owned subsidiary, to acquire all the common shares of Hathor for C$4.70 in cash per common share until 5:00 pm (Toronto time) on 22 December 2011. The offer has been extended to allow the remaining...
Germany and France push change

Germany and France push change

The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy. Jose Manuel Barroso was speaking hours before a potentially...
New PetroSA CEO

New PetroSA CEO

Pretoria – Energy Minister Dipuo Peters has welcomed the appointment of Nosizwe Nokwe as chief executive officer of PetroSA. On Thursday, Peters welcomed Cabinet’s appointment of Nokwe to the post of President and CEO of the national oil company. “The board is...
EU to bolster capital ratio of banks

EU to bolster capital ratio of banks

Brussels – European leaders have reached agreement on bolstering the capital ratio of banks in the Eurozone to 9.0 percent in order to provide additional capital buffer amid the ongoing sovereign debt crisis in some of the countries, says Polish Prime Minister...
Euro zone considers Greece

Euro zone considers Greece

European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone’s sovereign debt crisis. Greek Finance Minister Evangelos...