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  • SA ‘deeply concerned’ over Korean Peninsula situation

    April 9, 2013 6:20 PM 228

    by Khulekani Magubane, 2013-04-09 20:12:12.0 DEPUTY Minister of International Relations and Co-operation Ebrahim Ebrahim told journalists on Tuesday that the department was assessing the situation in the Korean Peninsula, and urged parties to refrain from activities that may aggravate tensions. "We believe in the long term (that) a political solution

  • Soros Sees Germany in Recession by September Elections

    April 9, 2013 5:50 PM 203

    Germany’s economy will probably be in a recession by elections scheduled for the end of September because monetary policy officials in the euro area aren’t providing the necessary stimulus, said billionaire investor George Soros. “Germany itself remains relatively unaffected by the deepening depression that is enveloping the eurozone,” Soros said in a speech

  • Latest News for US Dollar (USD) – USD/JPY Falls as Bernanke States US Economic Conditions are ‘Far from where we would like them to be’

    April 9, 2013 9:03 AM 222

    The US Dollar dipped on Friday after employment data for the world’s largest economy came in below expectations, and the safe-haven currency recorded additional declines yesterday as ongoing fiscal concerns in the US were highlighted by Ben Bernanke, Chairman of the Federal Reserve. While speaking at the Atlanta Fed Conference in Georgia, Bernanke stated

  • IMF deal in weeks - Gov't looks to growth as agreement expected by month end

    April 9, 2013 5:40 AM 249

    Published: Tuesday | April 9, 2013 The Ministry of Finance and Planning has subdued its glee in reacting to the likelihood of an inked deal with the International Monetary Fund (IMF) by month end, which could result in a cumulative drawdown of around US$2 billion from the Fund, the Inter-American Development Bank (IDB), and the World Bank over the next four years