Luxor: A tourist ghost town

LUXOR.WANDERING unharried in the Egyptian temple of Luxor and photographing the towering colonnades of Karnak without being jostled may be a dream come true for tourists.But it is a nightmare for tra...

Banks push FTSE low

LONDON.WEAK banks pushed Britain’s top share index into negative territory on Friday, pressured by renewed concerns over European sovereign debt, while retailers were hit by worries about pain ahead ...

Streamlined Natfoods operations pay off

Business ReporterNATIONAL Foods Limited says the decision to streamline some of its operations last year has resulted in significant cost reduction and increased plant utilisation.The Zimbabwe Stock ...

Potraz launches rural project

By Ruramayi GatsiTHE Postal and Telecom-munications Regulatory Authority of Zimbabwe will spend US$10 million on the installation of passive telecommunication infrastructure in rural areas.Passive te...

Matter of fact

ON the front page of our Wednesday’s issue we carried an article, which indicated that Old Mutual’s properties had experienced an exodus of tenants due to high rentals, which is in fact misleading.As...

China’s lunar holiday retail sales surge

SHANGHAI.CHINA’S retail sales for the Lunar New Year holiday surged 19 percent year-on-year in one of the biggest rises in a decade, signalling a surge in domestic consumption according to state medi...

Rio payout tops estimates

MELBOURNE. RIO Tinto surprised investors by more than doubling its full-year dividend and promising to return US$5 billion to shareholders over the next two years to soak up bumper cashflows after it...

Battle of the bourses hots up

NEW YORK.THE battle for supremacy among stock exchange operators heated up in a salvo of announcements on  Wednesday: A merger between London and Toronto, and advanced talks by NYSE Euronext and Deut...