To cope with the huge power shortage in the country, Zimbabwe is asking big mining companies to trim their power consumption by almost twenty five percent and that also includes the two top platinum producers if the world.
Yesterday, reports that originated from China hinted that the fast emerging O2O industry is all set to witness a $15billion mega merger between the two largest discount platforms in the industry.
On Wednesday, Gannett Co. Inc said that is planning to acquire Journal Media Group, which is the parent of the Milwaukee Journal Sentinel. It is expected to be a cash deal for approximately $280 million.
On Tuesday, SABmiller released its half-yearly production update and that revealed how the global operating markets of the brewer have been hit adversely by the severe currency weakness.
Gazprom just might have some problems in hand with the Turkish Stream pipeline and all that could be growing with the political crisis faced by Turkey. The changes in the government expected next month could be pushing the Russian state owned natural gas company officials to sign off the deal. The amount of gas which was supposed to be shipped by Gazprom to the E.U.
On Tuesday, Sibanye Gold Ltd, agreed to buy Aquarius Platinum for $294 million and that would push its ranks among the five of the largest platinum group metals (PGM) miners globally.
Sibanye Gold Ltd is one of the biggest miner of gold in South Africa and this recent deal comes after one month of announcing the agreement to acquire the Rustenburg mines from Anglo Platinum.
Now, you can get breakfast whenever you want, all through the day in the McDonald's outlets in the U.S.
Starting from Tuesday, October 6, McDonald's will start serving its breakfast menu all along the day in its restaurants in the United States. The move has been planned for decades by the fast food chain that introduced its much admired sandwich from the mid-1970s.
Reportedly, more than one million boxes of Cheerios and Honey Nut Cheerios have been recalled. The boxes are being recalled as approximately 1.8 million boxes of cereals were labeled as gluten-free but they actually contained wheat. These boxes of cereals were produced in a factory at Lodi, California.
On Friday, Texas-based J.C. Penney Co. said that it will cut down pension obligation of $5 billion almost by one third with a lump-sum offer to the participants additionally striking a deal with Prudential.
Deere & Co, the American corporation that manufactures agricultural, forestry, construction machinery, diesel engines and more, said that the UAW or United Auto Workers members approved a new 6 years agreement for all three states.
Shell Oil said it is abandoning its mission of exploring oil in the Arctic Ocean. That gave a jolt to the Unalaska and even the entire state. Officials of Unalaska said this move will not affect the budget of the city too much but it will affect the business of the local companies that are engaged in deals with Shell.
General Motors says there will be cars available soon that can remotely locked, unlocked and be started. The automaker revealed that at present it is testing an application that allows owners of cars to lock or unlock their vehicles and even start them remotely.
Federal Reserve discussed a probable raise in the interest rates all through the summer keeping hopes high. The near zero interest rate has been that way since the Great Recession struck in 2008-2009. In recent months the Federal Reserve decided it was not the right time for a raise as inflation rate was low and the global economic conditions were not stable.
On Friday, Scottrade, the discount broker said that it faced a cyber attack from late 2013 to early 2014. The hackers might have accessed names of clients and addresses in a database. Some 4.6 million customers might have been affected due to the hack.
It's October, and it's the Breast Cancer Awareness Month.
On Thursday, at a fundraiser event organised at Proctor's Theatre, keynote speaker Sandra Lee spoke about her experiences with cancer and hoe was she free from it now. The event was organised to help raise money for a new technology which screens for breast cancer.
An increasing number of shopping centres are still coming up in South Africa even though the slowing economy of the country is expected to cut down on consumer spending. However, the real estate developers remain enthusiastic about investing in more number of shopping centres.
On Thursday, the head of an industry body said that the new visa rules implemented in South Africa could cost the country's tourism industry yearly $540 million revenue.
On Wednesday, the Federal Reserve gave a green signal to a deal where M&T Bank Corp. will be acquiring Hudson City Bancorp Inc.
The approval from the U.S. banking regulator cleared the main barrier for a merger which was valued at $3.7 billion initially. However, the value has increased now due to an increase in the stocks of M&T over more than three years since the proposal.
On Wednesday, International Monetary Fund's Managing Director Christine Lagarde said that the pace of growth in the world economies has slowed down. As the world economy has faced a series of problems this year it will remain feeble. Problems starting from an economic slowdown in China, the pending interest rate hike in the US, as well as the refugee crisis in Europe, have added to the slower growth rate.
Since January, for the first time, price of platinum dropped under $US900 per ounce 2009. The precious metal was mainly hurt due anxiety over the Volkswagen emissions scandal, fearing a drop in demand from automakers. However, the saving grace was the bargain-hunting investors, who later balanced the losses.