Tag: Europe Economy

Lonmin a ‘Buy’ Despite Mine Violence: Analyst

Lonmin shares are a “buy”, according to John Meyer, head of resources at investment bank Fairfax, despite violence at the company’s South African platinum mines which killed 44 workers.

Lonmin Promises New Approach to Mining Workers

After a month of unrest, which has effectively shut down South Africa’s platinum sector and led to the deaths of 44 miners, mining companies and the South African Government have increased efforts to bring an end to the unrest.  Police raided hostels at a Lonmin mine and confiscated machetes, spears and other weapons, while Lonmin has said it would adopt a more sensitive approach to the mineworkers.

Troubled Merger and Violent Protests Hit Miners

The health of the mining sector has come into sharper focus in recent weeks, with deadly disturbances in South Africa and ongoing concerns about commodity prices denting the sector and the cloud hanging over the sector is unlikely to blow away quickly.

Troubled Merger and Violent Protests Hit Miners

The health of the mining sector has come into sharper focus in recent weeks, with deadly disturbances in South Africa and ongoing concerns about commodity prices denting the sector and the cloud hanging over the sector is unlikely to blow away quickly.

World Heading for Jobs Recession, Unrest: ILO

The world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday.

Emerging Market Private Equity Back to Pre-Crisis Levels

A fresh recovery is driven by a combination of changing asset allocations at Western institutional investors, who are rethinking their attitudes to alternative asset classes and emerging markets.

People Drink in Tough Times? Not True: Diageo CEO

Developing markets will make up half of the world's biggest liquor maker's revenue in the next three years, as their consumption is rising while in some developed states consumers are suffering, the CEO of Diageo, Paul Walsh, told CNBC on Tuesday.

A New Nation: South Sudan Readies for Independence

On Saturday, South Sudan becomes the world's newest country and Africa's 54th state, a process that follows 50 years of bloodshed. Renewed violence on its borders has shaken hopes of a peaceful transition to nationhood, but the fledgling country is not a failed state in waiting, analysts and senior figures in the reconstruction effort told CNBC.com.
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