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In a note to shareholders, Tiger Brands said no specific damages were being claimed. The first stage of the class action is concerned with liability, and not the cost of damages, it said.

Tiger Brands may never know how listeria entered its plant

The food brand is still waiting for data from authorities that would definitively show whether its products are connected to the deadly crisis

The Chinese government took unprecedented measures to shore up stocks

Chinese stocks rise, paring world’s worst quarterly performance

China’s stocks have risen as government struggles to halt a $5-trillion rout and the world’s second-largest economy shows signs of a sharper slowdown.

PCCW’s HKT unit will unveil the entertainment service as early as next week.

Hong Kong billionaire plans African rival to Netflix

Richard Li’s PCCW plans to launch a video-on-demand service in South Africa to compete with Netflix and local Naspers offering ShowMax.

The price differences persisted even after a $4.9-trillion sell-off dragged the Shanghai Composite down by 39% from this year’s high.

Chinese stocks still overvalued

Despite the 39% rout, dual-listed shares on the mainland are still double Hong Kong’s prices.

Alexis Tsipras’s government has been forced into a policy U-turn entailing more spending cuts

Greece swallows bitter bailout pill

Lawmakers passed an EU agreement that keeps Greece in the eurozone, putting pressure on the ECB and European governments to deploy emergency funds.

Mario Draghi says liquidity support to Greece is €118-billion

As Greeks withdraw, Draghi sends more

ECB president Mario Draghi willingly giving Greece negotiating room while cash drains from the banking system has riled those who had a tougher ride.

(Photo by Christinan Bruna – Pool/Getty Images)

Greece faces diplomatic push on its debt at G7 summit

Greece faces a week of urgent diplomacy to free up bailout aid and avert a potential default as world leaders press for a resolution to the standoff.

Brent futures gained 1%

Bond rout put down to fear, not economic fundamentals

The biggest global bond rout in two years has put investors in a dangerous place: challenging the world’s most influential central banks.

Standard procedure: China’s flag flies in front of the New York Stock Exchange before Alibaba’s initial public offering.

Return of the dot-com bubble

The valuations of China’s technology stocks have soared to an average of 220 times reported profits.

Cut-outs of election candidates in India ahead of the elections. Stocks rallied on speculation that the main opposition party would win.

Emerging stocks rise as India leads world gains on election poll

Stocks in emerging markets have rallied, with India seeing the biggest gains on expectation that the main opposition party will win the elections.

MTN

MTN to sell its African cellphone tower networks

MTN is looking to reduce its exposure to costly infrastructure in Africa by selling off cellphone tower networks, say sources close to the matter.

New head of the US Federal Reserve Bank

Gold retreats from five-year highs

Investors drew away from the yellow metal after Fed Reserve chairman Janet Yellen confirmed that tapering in the US would continue to be gradual.

Kibali mine in the Democratic Republic of Congo is 45% owned by Randgold and 45% owned by AngloGold Ashanti. (Gallo)

SA company digs shaft for mine in DRC

A South African company has begun work on the Kibali mine in the DRC, set to be one of the biggest mines in Africa upon completion.

According to one poll, more than 70% of Americans disagree with how Republicans have handled the Senate dispute over the fiscal ceiling. (AFP)

Time ticking for Senate deal on US debt limit

US senate leaders are racing against the clock to reach an agreement before the country’s borrowing authority runs out next week.