Rand slightly firmer as attention turns to Fed minutes

The rand was slightly firmer in early morning trade on Wednesday as the dollar battled to hold on to its stronger levels against the euro. The rand normally trades inversely to the dollar. Commodity prices were flat.
Posted On 16 Aug 2017

East EU growth hits speed bump as region outpaces richer West

Most of the economies in the European Union’s eastern wing probably slowed in the second quarter, with only Slovakia accelerating even as consumer spending and resurgent investment keeps the region on track to outpacing the richer West this year.
Posted On 16 Aug 2017

Rand holds up despite deepening global risk aversion

on Friday morning, suggesting that some traders were taking an optimistic view in the brewing conflict between North Korea and the US.
Posted On 11 Aug 2017

Fed taper brings risk to mortgage bonds unseen in treasuries

Kristina Hooper, global market strategist at Invesco, and Bloomberg Intelligence’s Yelena Shulyatyeva discuss the Fed’s plan for shrinking its balance sheet and what it could mean for markets. They speak on ‘Bloomberg Daybreak: Asia.’ (Source: Bloomberg)
Posted On 11 Aug 2017

Glencore slashes debt as it positions for M&A in commodities

Glencore Plc built a war chest in the first half of the year, continuing to cut debt as the world’s largest commodities trading house prepares to ramp up acquisitions.
Posted On 10 Aug 2017

Rand edges firmer as traders bet on continued retreat

JOHANNESBURG – The South African rand firmed on Thursday, recovering ground following a slide to a one-month low after President Jacob Zuma survived a no-confidence vote, as traders bought at current levels in anticipation of a further retreat.
Posted On 10 Aug 2017

BOE says companies need clarity as Brexit crimps investment

Bank of England Deputy Governor Ben Broadbent said the shadow of Brexit is holding back UK investment, even though the economy has all the right conditions in place for a pickup.
Posted On 09 Aug 2017

Google’s firing of memo writer strikes nerve in Silicon Valley

SAN FRANCISCO – A Silicon Valley culture war pitting liberal-leaning tech firms against a small conservative cohort took on new intensity on Tuesday after Google fired a male engineer for a memo that decried the company’s commitment to hiring women.
Posted On 09 Aug 2017

Safaricom sees Amazon as model for Kenya commerce platform

Safaricom Ltd of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy, directors at the company said.
Posted On 09 Aug 2017

Euro extends gain amid mixed stocks; gold advances

Europe’s common currency edged higher and the dollar fell back in a lackluster trading session on Tuesday. European stocks erased a drop to trade sideways, while gold climbed with oil and bonds mostly rose.
Posted On 08 Aug 2017