Archive for March 26th, 2010

Brought to you by I-Net Bridge, read by Lindsay… »

The QM2 graced our port this week, and despite the recession Cunard’s graceful liners are consistently 100% FULL. Bizcast welcomed to its studios the President And MD of Cunard to talk about a multi-billion dollar industry. Lindsay Williams chats to Peter Shanks. … »

The SARB, Greece, Gas in the Karoo…..it’s the Weekly Wrap with our resident market veteran Liston Meintjes, in conversation with Lindsay… »

March 26 (Bloomberg) — European leaders put the International Monetary Fund on standby to help aid debt-stricken Greece, shrugging off the European Central Bank’s plea that Europe solve the crisis on its own.

Leaders of the 16-nation euro region endorsed a Franco- German proposal for a mix of IMF and bilateral loans at market interest… »

March 26 (Bloomberg) — The euro rebounded from a 10-month low against the dollar and Asian stocks gained after European leaders agreed on an aid plan for Greece, easing concern the nation’s debt crisis will spread and derail the global recovery.

Europe’s single currency increased against 12 of its 16 major counterparts and the yen… »

WITH the imminent buyout of parts of Zain’s African assets by India’s Bharti Airtel, announced yesterday, analysts are watching closely to see whether Bharti will successfully implement its low- cost model in its new operations, especially where MTN operates.

The move will pit Bharti’s billionaire chairman Sunil Bharti Mittal against the MTN group , which he… »

Shares gained ground yesterday and the rand tumbled when Reserve Bank governor Gill Marcus announced a further half percentage point cut in the bank’s repo rate - to 6.5 percent. The move, which sliced benchmark prime and mortgage rates to 10 percent, took the market by surprise.
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THE Reserve Bank unexpectedly cut interest rates by half a percentage point yesterday, taking its key lending rate to 6,5%, its lowest for nearly three decades.

Lower inflation, subdued economic growth and the negative effect of gains in the rand played a role in the decision of the monetary policy committee (MPC), which took markets by… »