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  • India's corporate tax rates among highest globally: Report

    November 26, 2013 1:00 PM 17

    Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average, putting the country at a low 158th rank on the 'Paying Taxes 2014' list. However, the time taken for tax payments is relatively less in India, which is rated ahead of China and Japan where it takes 318 hours and 330 hours

  • SA's economic growth slows to 0.7%

    November 26, 2013 9:49 AM 12

    November 26 2013 at 11:47am By Reuters Johannesburg - South Africa's economic growth slowed to 0.7 percent quarter-on-quarter in the third quarter of 2013 after expanding by a revised 3.2 percent in Q2, Statistics South Africa said on Tuesday. On an unadjusted year-on-year basis, the economy grew 1.8 percent in the third quarter from a revised 2.3 percent

  • Defiant hawkers back in business

    November 26, 2013 4:30 AM 27

    Informal traders have returned to the streets in defiance of City of Johannesburg's laws that require them to be registered. Yesterday a number of hawkers said they had no option but to defy the city in order to feed their families. Negotiations between the municipality and traders have collapsed. The city faces a court challenge this morning after hundreds

  • ‘Rivers Received N257.6bn from Federation Account in 10 Months’, Articles

    November 26, 2013 12:44 AM 16

    The Rivers State Government received a total of N257.6bn from the Federation Account between January and October 2013—the second highest by any state in the country. Of this amount, N56.2 billion is from the Excess Crude Account (ECA), the Federal Ministry of Finance said Monday. A statement issued by Mr. Paul Nwabuikwu, Special Adviser to the Coordinating

  • H-P to report as turnaround hopes take hit

    November 25, 2013 10:39 PM 16

    Tech giant seen posting dip in profit and sales as Cisco, IBM point to weak IT SAN FRANCISCO (MarketWatch) — Hewlett-Packard will report Tuesday on what’s now widely known to have been a sluggish quarter for corporate IT demand as the tech giant wraps up what’s been a bumpy fiscal year. H-P /quotes/zigman/229301/delayed/quotes/nls/hpq HPQ +0.24% will post fiscal

  • Test of China's reforms in a region wealthier than most nations

    November 25, 2013 9:11 PM 20

    GUANGZHOU, China (Reuters) - Just days after China announced sweeping reforms to revitalise its economy, several hundred striking workers rallied outside a Nokia factory in its wealthiest and most industrialised region shouting: "Protect our rights!" This flareup over labour benefits in the vast factory belt of Guangdong province underlines the main difficulty

  • Jaguar Land Rover plans $437 million Brazil factory: government

    November 25, 2013 8:44 PM 28

    RIO DE JANEIRO (Reuters) - British luxury car builder Jaguar Land Rover is about to invest about 1 billion reais ($436.9 million) on a new manufacturing plant in Brazil's Rio de Janeiro state, three government sources told Reuters on Monday. Production at the factory, to be built in the city of Itatiaia, could begin as early as 2015, and an official

  • 'I didn't know miners were dead'

    November 25, 2013 6:51 PM 45

    November 25 2013 at 02:40pm By Jonisayi Maromo Pretoria - A senior policeman was unaware that mineworkers “lying around” after a clash with police at Marikana last year were dead, the Farlam Commission heard on Monday. In a statement submitted to the commission, Brigadier Adriaan Calitz testified that due to the noise around the koppie, he had not heard

  • Airlines lead UK FTSE up as Iran deal seen cutting fuel costs

    November 25, 2013 2:17 PM 27

    LONDON: Airlines led Britain's top share index higher on expectations of lower fuel costs after a nuclear deal struck at the weekend between Iran and six world powers. IAG, which owns British Airways and Spain's Iberia and Vueling, rose 2.8 percent to lead FTSE 100 gainers, while easyJet added 2 percent. Cruise operator Carnival also gained 1.8 percent

  • Exposed: fracking licenses granted in Bushmen’s reserve 25 November 2013

    November 25, 2013 10:39 AM 14

    Large parts of Botswana’s Central Kalahari Game Reserve (CKGR) – home to Africa’s last hunting Bushmen – have been opened up to international companies for the controversial practice of ‘fracking’, according to an investigation for the documentary film ‘The High Cost of Cheap Gas’ and British newspaper The Guardian. A leaked map shows that exploration