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Apr 15, 2011

Busrep.co.za Newsletter

Afternoon edition Friday, 15 April 2011
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Dear cabuyano, welcome to the IOL Business Newsletter
 BREAKING BUSINESS NEWS
 
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Financial Indicators:
R/$6.83
R/£11.16
R/€9.89
Gold $/oz1476.84
Oil122.00

2011-04-15 14:30:02 SAST

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The price of gold reached a record high close to $1,480 an ounce with investors piling into the safe-haven precious metal amid spikes to global inflation and fresh eurozone debt worries.
Gold price hits record high
Full Story ...

Govt handed petition against tolls
The Automobile Association has handed the finance ministry a 52,000 signature petition against the proposed tolling of Gauteng freeways.
Full Story ...

Court to rule on Pikitup strike
The Labour Court is expected to rule on Friday whether a Pikitup strike that started last Thursday is protected.
Full Story ...

Machanik's criminal case postponed
The criminal case against former estate agent Wendy Machanik was postponed by the Johannesburg Specialised Commercial Crimes Court on Friday as she has run out of funds.
Full Story ...

JSE down
The JSE was modestly lower as investors digested the latest Chinese inflation data and remained cautious ahead of the release of US consumer price index (CPI) figures.
Full Story ...

US banks to settle penalties
Several major US banks are close to an agreement with the Wall Street regulator to settle fraud allegations related to the “toxic” mortgages behind the 2008 financial crisis.
Full Story ...

Google accused of unfair trade
South Korea's top two Internet companies have filed complaints with the antitrust watchdog against Google.
Full Story ...

Google cost surge unnerves Street
Google Inc's stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.
Full Story ...

 ONLINE SERVICES: 
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 NEWS
Govt handed petition against tolls
The Automobile Association has handed the finance ministry a 52,000 signature petition against the proposed tolling of Gauteng freeways.
Full Story ...
 COMPANY NEWS
Harmony: Unclear when mine will reopen
Harmony Gold is not sure when its closed Masimong mine in the Free State will reopen.
Full Story ...
 INTERNATIONAL
Bank of America income falls
Bank of America's first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses.
Full Story ...
 MARKETS
The price of gold reached a record high close to $1,480 an ounce with investors piling into the safe-haven precious metal amid spikes to global inflation and fresh eurozone debt worries.
Gold price hits record high
Full Story ...
 OPINION/ANALYSIS
Patel's 30-day pay proposals are nothing new
At least one aspect of the plan by Economic Development Minister Ebrahim Patel to “unlock blockages in the economy” that are restricting the ability to create jobs can easily be labelled smoke and mirrors.
Full Story ...

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