* Current account deficit balloons to 6.4 pct of GDP * Rand weakens slightly * Mining unrest may hit Q3 GDP - central bank By Xola Potelwa JOHANNESBURG, Sept 11 (Reuters) - South Africa's current account recorded its largest deficit in nearly four years in the second quarter of 2012 as exports fell because of subdued external demand, with investment inflows … [Read more...] about UPDATE 2-S.Africa suffers shock current account deficit hit
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S.Africa’s Implats details second pay bid by militant labour
* Implats demands would be second pay hike this year * Lonmin strike rumbles on, workers intimidated by strikers * Gold Fields' illegal strike continues By Sherilee Lakmidas and Ed Stoddard JOHANNESBURG, Sept 11 (Reuters) - South Africa's Impala Platinum faces a second pay bid from miners equal to an 8-10 percent hike granted in April, the world's No. 2 … [Read more...] about S.Africa’s Implats details second pay bid by militant labour
Euro Coal-Drops $1-$1.50 with weaker gas
* Nov DES ARA trades at $91, $91.50, $92.00 * BHP Billiton, Xstrata, cut Australia coal jobs LONDON, Sept 10 (Reuters) - Physical coal prices fell by $1.00-$1.50 a tonne on Tuesday in line with weaker UK gas, despite a rise in oil on expectations that the U.S. Federal Reserve will act to stimulate the economy. Coal tends to lag moves in the oil market but the … [Read more...] about Euro Coal-Drops $1-$1.50 with weaker gas
S.Africa’s rand rallies to one-month high vs dollar
JOHANNESBURG, Sept 10 (Reuters) - South Africa's rand hit a one-month high against the dollar on Monday and government bonds rallied on improving global risk sentiment. The rand built on gains made last week when the European Central Bank announced a bond buying programme that eased fears of a break-up of the single currency. It rose to a session high of 8.1300 to the … [Read more...] about S.Africa’s rand rallies to one-month high vs dollar
Twenty more "Niles" needed to feed growing population-leaders
* Former leaders urge U.N. to make water top concern * Chretien says scarcity will lead to conflict * Greatest growth in demand seen in China, the United States, India By Alister Doyle OSLO, Sept 10 (Reuters) - The world needs to find the equivalent of the flow of 20 Nile rivers by 2025 to grow enough food to feed a rising population and help avoid conflicts … [Read more...] about Twenty more "Niles" needed to feed growing population-leaders
