Chrome scam exposed

By Martin KadzereAN investigation into chrome operations has unearthed irregularities with most firms operating without Government certificates and licences.According to an audit report prepared by t...
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Exploration fees hiked

By Martin Kadzere
GOVERNMENT has raised pre-exploration fees for new diamond projects to US$1 million from US$50 000 to curb speculation in the mining sector.

Swiss bank UBS posts profit in 2010

ZURICH.SWISS bank UBS yesterday posted a largely expected annual profit in 2010 for the first time since the financial crisis, with full year net income of 7,2 billion Swiss francs (5,5 billion euros...

European shares lower

LONDON.European shares were lower yesterday in a broad selloff from the previous session’s 29-month closing high, led by defence firm Thales after one of its joint contracts was scrapped.Some strong ...

BNC-Glencore deal to calm uneasy investors

Corporate News with Golden SibandaTHE announcement by Mwana Africa that its majority- owned Bindura Nickel Corporation signed an off-take agreement with Glencore International should calm the nerves ...

US$40m boost for wheat

The Zimbabwe Commercial Farmers’ Union is on the verge of clinching a deal worth US$40 million with the private sector to support wheat farming this winter, an official has said.In the past, the wint...

Let’s give what we own

Two years ago I was invited to be a guest of honour at my former school on a prize-giving day. Before the event kicked off I was politely told that I am going to be an “assistant guest” of honour. Th...

Asian shares struggle

SINGAPORE. Asian shares struggled for traction yesterday, despite gains on Wall Street, but Japan’s Nikkei touched a nine-month high as hopes of a sustained economic recovery for the rich world encou...

Old Mutual defends property rentals

Business ReporterOLD MUTUAL contends its property rentals are competitive in light of prevailing market rates, despite the recent exodus tenants citing “exorbitant” rentals.Old Mutual marketing execu...

Global stocks rally pauses

LONDON.The rally in shares and other riskier assets took a breather yesterday, with world stocks trading a touch below the previous day’s 29-month highs while the dollar fell broadly.Benchmark US equ...

State, Essar Africa to seal Zisco deal

By Golden SibandaGovernment and Essar Africa are expected to conclude the Ziscosteel deal this week, amid reports that the partners are putting last-minute fine-tuning, largely on the debt issue.This...