Category : Economy

However, these precious stones happen to have a darker side Miriam Mannak March 22, 2016: Almost 50 years have passed since De Beers stumbled onto massive diamond reserves in Botswana. It took the company a good couple of years to get the Orapa mine, 400km from the country’s capital of Gaborone, ready for extraction of...

The company has strengthened its core business, reducing the cost base March 18, 2016: Danske Commodities has strengthened its position significantly in 2015. Through a transformation of the company’s operating model Danske Commodities have focused on ensuring operational excellence, effective innovation and profitable growth. “I am very pleased to see that our focus on our...

Brexit uncertainty casts a shadow over proposals IFM Correspondent March 17, 2016: Chancellor George Osborne presented his eighth budget on Monday. With the uncertainty over Brexit looming large, Osborne in his budget speech revised the growth forecast for the UK bringing it down to 2.2% from 2.4% for 2016. He added that the job market...

In the event, the UK and the EU would need to make decisions in five main areas Swati Dhingra & Thomas Sampson March 11, 2016: In June, UK voters will decide whether to remain part of the EU. This column explores the UK’s options if a majority votes in favour of Brexit. One possibility is...

HSBC expects cut in second quarter March 11, 2016: Bank of Korea (BoK) kept its policy rate on hold at 1.5% in its second consecutive non-unanimous meeting. From the governor’s tone it seemed, the BoK will only cut rate when it has sufficient evidence that domestic consumption growth is slowing substantially, coupled with signs of...

Many companies are trying to reduce their numbers on their payrolls in a bid to cut costs Suparna Goswami Bhattacharya March 8, 2016: With oil prices showing no signs of heading up, companies in Oman are pulling all stops to reduce their employee cost. The reverberations of plummeting oil prices are being felt throughout the...

Without Iran and Iraq, the decision to freeze production level makes little sense Suparna Goswami Bhattacharya March 4, 2016: It is too little action and taken too late. This is what experts have to say about the decision by Russia, Saudi Arabia, Venezuela and Qatar to freeze oil production. For the uninitiated, representatives of Russia,...