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Most Read This Week

Yuan recovers lost ground on dollar weakness, Sino-U.S. trade talks in focus

03/12 China's yuan recovered lost ground on Tuesday morning from a near two-week low hit in the previous session, thanks largely to broad weakness in the greenback in overseas markets on worries about new fronts in the U.S. trade war. The dollar index, which measures the dollar's strength against six  Full story


SA Business

South Africa's rand steady shielded by trade deal optimism

07/12 South Africa's rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.. . .  Full story

South Africa's power cuts may last the weekend if rain persists

06/12 Many South Africans could be without electricity this weekend if rain continues, state power utility Eskom said on Friday, after announcing it would cut up to 4,000 megawatts (MW) of power. . .  Full story

South African Airways to restructure under 'business rescue'

06/12 South African Airways (SAA) said on Friday it has applied to enter 'business rescue', a form of bankruptcy protection it hopes will save the cash-strapped state carrier from collapse.. . .  Full story

SA Company

Unions up ante at South African Airways as finances approach crunch

20/11 Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to secure bank funding, a board member said.. . .  Full story

Capitec Bank Says Final Purchase Price Is R3,56 Bln For Mercantile Bank

31/10 Capitec Bank:. . .  Full story

Losses more than double at South African construction group Aveng

29/08 South African construction group Aveng on Thursday said its net operating loss more than doubled in the latest financial year, highlighting the challenges the company faces as it embarks on a turnaround strategy.. . .  Full story

Live News Wire

IMF and Ukraine reach staff-level agreement on a new 3-year program

00h40 The International Monetary Fund and Ukraine reached a staff-level agreement on a new $5.5 billion three-year program, the managing director of the IMF said on Saturday.  Full story

UK PM Johnson sees lead over Labour edge up - YouGov poll

07/12 Prime Minister Boris Johnson's Conservative Party has increased its lead slightly over the opposition Labour Party to 10 points, a YouGov poll for The Sunday Times showed ahead of Thursday's national election.  Full story

UK's Conservatives 11 points ahead of Labour before election - Deltapoll

07/12 British Prime Minister Boris Johnson's Conservative Party has an 11-point lead over the opposition Labour Party although its advantage has been cut slightly, a Deltapoll survey for the Mail on Sunday newspaper showed.  Full story


M&G suspends a second UK property fund

07/12 M&G's life and pensions arm said it has suspended a 164 million pound property fund, days after the British fund manager froze dealing in its 2.5 billion pound ($3.21 billion) flagship UK property fund.. . .  Full story

Oil rises sharply this week as OPEC+ agrees on deeper output cuts

06/12 Oil prices rose more than 1% on Friday and posted sharp weekly gains after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.. . .  Full story

Gold slips 1% after robust U.S. jobs data; palladium soars

06/12 Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would stand pat on interest rates and also boosted demand for riskier assets, while supply-squeezed palladium soared to. . .  Full story


Mexico, U.S. 'getting close' on finalizing USMCA - Mexican official

07/12 Mexico's deputy foreign minister for North America said on Saturday that negotiators were making progress on revisions to the United States-Mexico-Canada Agreement (USMCA) trade deal.. . .  Full story

Proxy adviser ISS opposes plan by Hudson's Bay chairman to take firm private

07/12 Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson's Bay Co to take the Saks Fifth Avenue owner private after the bid was topped by. . .  Full story

U.S. health spending recovers after two slow years: CMS (Dec.5)

07/12 U.S. healthcare spending grew faster in 2018 after two slower growth years, a government health agency reported on Thursday.. . .  Full story


Garuda Indonesia suspends directors linked to Harley Davidson smuggling -commissioner

07/12 Flag carrier PT Garuda Indonesia is suspending directors linked to the alleged smuggling of a Harley Davidson motorbike by its chief executive, the company's chief commissioner said on Saturday.. . .  Full story

BOJ to consider offering bleaker view on output as trade war bites - sources

07/12 The Bank of Japan will consider offering a bleaker assessment on factory output than in October at its rate review this month, sources said, underscoring its concern over the broadening fallout from the. . .  Full story

Saudi Aramco shares to start trading Dec. 11 - Tadawul exchange

06/12 Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.. . .  Full story


AfDB approves $210 mln loan for Nigeria's power transmission project

30/11 The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network.. . .  Full story

Kenya's annual inflation rises to 5.56% in November

29/11 Kenya's annual inflation jumped in November as the price of food and alcoholic drinks rose, the statistics office said on Friday.. . .  Full story

Kenya Power, KenGen delay annual results on auditor-general appointment

29/11 Kenya Power and Lighting and Kenya Electricity Generating Co (KenGen) on Friday said there would be a further delay in their full-year results as the appointment of a new auditor general will not be finalised. . .  Full story


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