20/02 South Africa will bail out state utility Eskom with 69 billion rand ($4.9 billion) over three years, the centrepiece of a budget on Wednesday that exposed the limited room President Cyril Ramaphosa has to fix the economy ahead of an election in May.
18/02 South Africa's struggling state-owned airline will reorganise into three business units as part of a revamp plan that could also involve the partial sale of its catering unit, its chief executive officer said on Monday.
15/02 South Africa's Grand Parade
Investments (GPI) Ltd plans to close its loss-making
Dunkin Donuts and Baskin Robbins franchises in the country after
failing to find a buyer, and will focus on its Burger King
outlets, GPI said on Friday.
20/02 South Africa's Tiger Brands
on Wednesday reported a one percent rise in group
revenue from continuing operations for the four months to
January 31 on Wednesday helped by overall price inflation and
volume growth.. . .
05h00 South Korea's average real
household disposable income picked up for the first time in more
than two years in the final quarter of 2018, narrowly avoiding a
further decline and adding to policy woes focused on boosting
04h59 Oil prices hovered close to
2019 highs on Thursday, bolstered by OPEC-led supply cuts and
U.S. sanctions on Venezuela and Iran, but were prevented from
rising further by slowing growth in the global economy.
04h54 U.S. wheat futures on Thursday
inched further away from a seven-month low touched in the
previous session, but gains were checked as North American
supply struggled to attract strong international demand.
* The most active wheat futures on the Chicago Board of
04h19 London copper prices eased in
early Asian trade on Thursday, retreating from a seven-month
peak hit in the previous session, as the dollar firmed after the
Federal Reserve revived expectations for a possible U.S.. . .
03h19 Gold prices were firm near a 10-month
peak on Thursday, with the dollar holding steady in the wake of
minutes from the latest U.S. Federal Reserve meeting that
rekindled expectations of a possible rate. . .
04h48 Japan's auto industry lobby on
Thursday called on U.S. President Donald Trump to make an
"appropriate decision" on trade rules governing imported
vehicles, repeating its stance that Japanese-made cars posed no
threat to U.S. national. . .
04h17 French investment firm Wendel SE
said on Thursday it would sell about 40 percent of its
equity stake in security services company Allied Universal to
Caisse de dépôt et placement du Québec (CDPQ) at. . .
03h13 The world's biggest
undeveloped gold and copper mining project, planned in
southwestern Alaska near the largest fishery for sockeye salmon
globally, moved a step closer to approval on Wednesday after the
U.S. Army Corps of. . .
02h51 Japanese manufacturing activity
contracted in February for the first time in two-and-a-half
years as factories cut output amid shrinking domestic and export
orders, a private business survey showed on Thursday.. . .
04h38 The United States and China
have started to outline commitments in principle on the
stickiest issues in their trade dispute, marking the most
significant progress yet toward ending a seven-month trade war,
according to sources. . .
20/02 A surprise delay in Nigeria's
presidential ballot has served foreign asset managers another
reminder of political risk and volatile investment returns in
Africa's biggest economy - just days after piling into assets in
a bet. . .
20/02 Nigerian fuel suppliers have cut
the price of petrol to encourage people to travel to vote in
presidential elections this Saturday after the poll was delayed
by a week, the information minister said on. . .
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