Archive for May 4th, 2010

171,000 jobs lost in Q1 2010, dn 1.3% (3)
- SA Q1 10 unemployment rate 25.2%
Johannesburg, May 4 (I-Net Bridge) - The results of the first quarter of 2010 show that employment contracted by 1.3% or 171,000 jobs between the fourth quarter of 2009 and the first quarter of 2010, Statistics South Africa said… »

Shareholders hammered the board and top executives of Goldman Sachs for gross mismanagement of the beleaguered bank, accusing them of lying about damaging fraud charges and unjustly enriching themselves at investors’ expense, in a series of legal actions revealed… »

ATHENS: Greece’s economic plan agreed with the European Union and the International Monetary Fund to secure emergency funding and avoid default will win over the confidence of financial markets, an IMF official involved in the talks said on Tuesday…. »

EMBATTLED African National Congress (ANC) Youth League president Julius Malema, flanked by his defender Mathews Phosa, appeared before the ANC’s national disciplinary committee yesterday amid clear signs of division at the top of the ruling party.
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Australia’s central bank increased the benchmark interest rate for the sixth time since early October after policy makers raised their outlook for inflation and judged the nation is insulated from Greece-sparked debt woes.
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Asian stocks fell, led by mining shares, as China’s manufacturing growth slowed and concern mounted that an Australian tax will hurt earnings at resource companies. Consumer-related shares advanced…. »

Stocks bounced back with a vengeance as rising auto sales, consumer spending and manufacturing activity were seen as increasing evidence of a strengthening economy.

The market rallies on news of a major airline merger. Dow Jones Newswires columnist Paul Vigna joins the News Hub to discuss.

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