Rand firms slightly after ignoring negative news

The rand was slightly firmer in midday trade on Monday as the market ignored a flat dollar and weaker commodity prices.
Posted On 26 Jun 2017

European stocks jump as banks, Nestle power gains

European stocks started the week on the front foot as catalysts including an Italian bank clean-up propelled equities toward the biggest gain in five days. The British pound swung before edging higher as Theresa May struck a deal to shore up her government.
Posted On 26 Jun 2017

Brexit uncertainty is hurting business investment: minister

LONDON  -  Large amounts of business investment is being postponed because of uncertainty over the future outcome of Brexit negotiations so Britain should seek clarity as early as possible over a transition arrangement, finance minister Philip Hammond said. “There would be...
Posted On 22 Jun 2017

Nigeria rolls out $2 billion Brazil-like social-welfare plan

ABUJA  -  Nigeria is rolling out its first national social-welfare program modeled partly on Brazil’s Bolsa Familia in a bid to boost a weak economy and curb poverty by giving cash to its poorest citizens and ensuring their children go to school.
Posted On 22 Jun 2017

Oil slide weighs on stocks

Global stocks retreated and the yen strengthened after oil tumbled into a bear market on concern a supply glut will persist. Havens including bonds, the yen and gold gained.
Posted On 21 Jun 2017

SA: Moody’s warns of ratings cuts to resources firms if Mining Charter is enforced

If the Mining Charter is implemented, the already low credit ratings of South African resources groups will be cut further, Moody’s warned on Wednesday morning.
Posted On 21 Jun 2017

Rand makes slight recovery from steep falls

The rand was slightly stronger this morning, recovering from the setback attributed to Public Protector Busisiwe Mkhwebane’s controversial remarks on the Reserve Bank’s mandate.
Posted On 20 Jun 2017

Barclays and four former execs charged over Qatar probe

Barclays and four former executives were charged with conspiracy to commit fraud regarding the bank’s 2008 capital raising from Qatar. Bloomberg’s Anna Edwards reports on ‘Bloomberg Daybreak: Europe.’ (Source: Bloomberg)
Posted On 20 Jun 2017

Stocks gain as tech shares rebound while Yen slips

Global equities rose, as stocks from Hong Kong to Europe rallied and technology stocks rebounded after their biggest weekly selloff of the year. The yen fell with oil and gold.
Posted On 19 Jun 2017

All eyes likely to be on the JSE’s miners on Monday

All eyes will be on mining stocks when the JSE opens on Monday morning to see if the plunge following Mineral Resources Minister Mosebenzi Zwane’s unveiling of the third Mining Charter has come to an end.
Posted On 19 Jun 2017