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Brown, Sarkozy: Tax Financial Bonuses More
British Prime Minister Gordon Brown and French President Nicolas Sarkozy presented a united front Thursday, agreeing that executive bonuses should be taxed more ahead of the European Union's first streamlined summit.
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De Beers agrees to $1B rights issue to reduce debt
The shareholders of De Beers have agreed to invest up to $1 billion in the diamond company by way of a rights issue, the company said on Tuesday.
De Beers Owners to Reinject $1 Billion In Refinance
The three shareholders of De Beers, the world's biggest diamond producer, have agreed in principle to inject up to $1 billion in the company through a share placing, the Financial Times says Tuesday.
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De Beers investors agree rights issue to cut debt
The shareholders of De Beers, the world's largest diamond producer, have agreed to a rights issue of up to $1 billion to cut its $3.5 billion of debt, the company says.
Godfrey Gomwe to head Anglo American in SA
Godfrey Gomwe has been appointed executive director of Anglo American South Africa, the company said on Tuesday.
David Winters Comments on Anglo American
Investment Guru David Winters comments on investing in South America. He likes Anglo American.
Diamond giant De Beers has reportedly had talks with its largest shareholder, Anglo American, about Anglo increasing its 45% stake.
Lloyds leads FTSE lower on Dubai debt concerns
Banks led the market lower on continuing concerns about their exposure to debt-laden Dubai, as the government said it would not be responsible for the liabilities of the Dubai World conglomerate Banks led the market lower on continuing concerns about their exposure to debt-laden Dubai, as the government said it would not be responsible for the ...
De Beers Expects Banks to Renew $1.5 Billion Facility
De Beers, the world's largest diamond producer, expects banks to renew its $1.5 billion debt facility before it comes due in March next year, the firm said on Friday.
Xstrata moves into iron ore in Congo
MINING group Xstrata has made its first entry into the iron ore sector by funding an exploration project in the Republic of Congo.
Margareta Pagano: It's been a long haul for BA and Iberia, but now...
Before the Anglo-Spanish wedding, Walsh faces a 3bn-plus pension deficit, hostile unions and a quandary what will the new airline be like? If the Wright brothers were alive today Wilbur would have to fire Orville to reduce costs.
Goldminers sue for lung disease payout
Eighteen former workers who suffer from silicosis or silico-tuberculosis are bringing a test case against the mining giant Anglo American South Africa , a subsidiary of the UK-based Anglo American Corporation.
Could Ferrero team up for a Cadbury offer?
Traders kept an eye on Cadbury amid speculation that Ferrero, the maker of Ferrero Rocher, has been working with bankers from NM Rothschild on a counter offer to Kraft's takeover bid for the London-listed group.
JSE recovers slightly on Dow futures
Although still in the red, the JSE recovered slightly and was flat, down 16 points, by noon on Friday with positive Dow futures providing some support amid profit taking in global markets.
Martin Flanagan: Hampton can handle wearing a second hat
IN THE febrile sub-sector that is part-nationalised banking, it feels sometimes that Royal Bank of Scotland is nearly as much about perception as substance in these post-apocalyptic days.
RBS chairman Sir Philip Hampton attacked for taking Anglo role
Sir Philip Hampton, chairman of state-owned Royal Bank of Scotland, faces an embarrassing show-down with institutional investors angered that he plans to divide his time between the troubled bank and miner Anglo American.
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Anglo appoints RBS chairman Hampton to board
Anglo appointed Sir Philip Hampton, the chairman of the Royal Bank of Scotland, as a non-executive director, effectively immediately, a statement said.
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