Dollar gains, treasuries fall on U.S. tax hopes

The dollar climbed and Treasuries fell after the latest developments in Washington buoyed optimism about the chances for tax reform and odds rose that an insider may become the next Fed chief. European stocks rebounded after Thursday’s selloff.
Posted On 20 Oct 2017

Hong Kong rebound is good news for Naspers

The rand was hovering under R13.60/$ on Friday morning after a roller-coaster ride during the night in which it oscillated between R13.5963/$ and R13.4757/$.
Posted On 20 Oct 2017

SA: Bonds are weaker in early trade

South African bonds were weaker on Thursday morning, even as the rand staged a slight recovery.The rand, which bonds usually track, has been under pressure this week, succumbing to local political pressure after a Cabinet reshuffle on Tuesday.
Posted On 19 Oct 2017

Stocks drop as Catalan crisis heats up; Euro falls

European stocks fell and the euro reversed a gain as the Catalan crisis intensified and earnings season continued. Oil retreated for the first time in five days.
Posted On 19 Oct 2017

U.K. jobless rate stays at 42-year low amid strong labor demand

U.K. unemployment held at a 42-year low in the three months through August and the number of people in work approached a record high, according the figures published Wednesday. The latest snapshot of the labor market from the Office for National Statistics may help to explain why...
Posted On 18 Oct 2017

Rand keeps calm despite renewed political concerns

The rand was relatively calmer on Wednesday morning, a day after President Jacob Zuma shook up his executive, in a surprise move that unsettled the markets. The rand lost ground in the immediate aftermath of yet another Cabinet reshuffle, which revived concern about local...
Posted On 18 Oct 2017

Rand weakens after Jacob Zuma’s Cabinet reshuffle

The rand weakened against major global currencies shortly after President Jacob Zuma reshuffled his Cabinet on Tuesday morning. In a knee-jerk reaction, the rand lost 0.42% against the dollar and 0.7% against the pound shortly after the announcement.
Posted On 17 Oct 2017

Qatari banks are said to reduce dollar sales to foreign lenders

Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter.
Posted On 17 Oct 2017

How marketers use algorithms to (try to) read your mind

By Jason Pallant — Have you ever you looked for a product online and then been recommended the exact thing you need to complement it? Or have you been thinking about a particular purchase, only to receive an email with that product on sale?
Posted On 17 Oct 2017

Stocks rise as oil and copper surge; Euro weakens

Stocks in Europe nudged higher, led by miners, as gains in oil and copper drove Bloomberg’s gauge of commodity prices to a six-month high. The euro weakened and Spanish shares fell after Spain’s government gave Catalonia a new deadline to back down from its independence claim.
Posted On 16 Oct 2017