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BlueTel - update

20/07 Blue Label notes the recent share price movements and the queries received from investors regarding Brett and Mark Levys Contract For Difference (CFD) exposure in relation to their interest in Blue Label. Their exposure stems from transactions done and announced on SENS, on 29 August, 3 S  Full story

Investors buy big in bonds, flee gold in large numbers-BAML

20/07 Global investors ploughed $5 billion into bonds and withdrew money from gold and European equities in the past week, as fears of a trade war encourage investors to seek safety in fixed income, Bank of America Merrill Lynch (BAML) said on Friday.  Full story

Trillion dollar wipeout: world stocks' worst first half since 2010

29/06 If last year's financial markets boom was down to a 'Goldilocks' global economy, 2018 has so far been all about the bears, with the worst start to a year for world stocks since 2010.  Full story

Most Read This Week

Trillion dollar wipeout: world stocks' worst first half since 2010

29/06 If last year's financial markets boom was down to a 'Goldilocks' global economy, 2018 has so far been all about the bears, with the worst start to a year for world stocks since 2010.  Full story

South African rand firmer in scramble ahead of rates decision, stocks sag

16/07 South Africa's rand rallied to a new one-month high on Monday, maintaining a surprise run fuelled by an uncertain dollar trajectory and a tidy return for investors looking for high yields outside developed markets.  Full story

Linde, Praxair in talks to sell assets to consortium of Messer, CVC

12/07 Germany's Linde and U.S. group Praxair are in advanced talks to sell assets to a consortium of German gases firm Messer Group GmbH and funds advised by CVC to gain regulatory approval for their planned $83 billion merger.  Full story


SA Business

Sabvest interim results June 2018

20/07 Gross income from operations and investemnts more tha doubled to R227.2 million (R83.5 million). Net income for the period attributable to equity shareholders also shot up t R160.0 million (R54.3 million).. . .  Full story

Global interim results May 2018

17/07 Revenue for the interim period decreased to R93.3 million (2017: R102.1 million). Income from operations fell to R12.1 million (2017: R20.4 million). Total profit attributable to equity holders of the parent. . .  Full story

SA Company

South African rand recovers from hawkish cenbank comments, stocks rise

20/07 South Africa's rand rose more than 1 percent on Friday as short sellers bought back into the currency at cheaper levels after hawkish comments from the central bank caused a sharp decline in the. . .  Full story

South African retailer Truworths flags dip in annual profit

20/07 South Africa's Truworths International expects full-year profit to fall by as much 3 percent, the fashion retailer said on Friday, as retail sales declined.. . .  Full story

South Africa's rand retreats after lending rate unchanged, stocks steady

19/07 South Africa's rand weakened on Thursday after the central bank kept lending rates unchanged but warned that risks to inflation were rising and the outlook for economic growth had worsened, extending a selloff from earlier. . .  Full story

Live News Wire

Chinese steel output cuts to vary from mill to mill next winter -official

08h29 Production cuts in China's mammoth steel sector will vary from mill to mill next autumn and winter, said an environmental ministry official, as the country shifts away from a 'one size fits all' approach to fighting pollution.  Full story

Aramco's potential SABIC deal to affect IPO timing, CEO says in interview transcript

08h08 Saudi Aramco's <IPO-ARMO.SE> potential acquisition of a stake in petrochemicals maker SABIC would affect the time frame of its own planned initial public offering, the firm's chief executive, Amin Nasser, said in a TV interview transcript.  Full story

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans

03h30 Big companies in the United States from Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.  Full story


U.S. oil industry lobbies against tighter sanctions on Russia

00h02 The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday.. . .  Full story

S&P raises outlook on Greece, affirms rating

20/07 S&P Global Ratings said on Friday it raised its outlook on Greece to positive from stable while affirming its B-plus/B ratings.. . .  Full story

Oil strengthens as dollar slips to four-day low

20/07 Oil prices rose on Friday as a weakening dollar and lower expected August crude exports from Saudi Arabia supported the market, offsetting concerns about U.S.-China trade tensions and supply increases.. . .  Full story


U.S. open to lifting sanctions off aluminum giant Rusal -Mnuchin

01h48 The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was "not to put Rusal out of business.". . .  Full story

U.S. lawmakers cut anti-ZTE measure from defense bill

01h14 U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.. . .  Full story

Wheat tops one-month high on technical buying, export hopes

20/07 U.S. wheat futures sailed to their highest prices in more than a month on Friday on technical buying and expectations for increased U.S. exports as poor crop weather hurts harvests in other countries.. . .  Full story


Aramco's potential SABIC deal to impact IPO timing - CEO on Arabiya TV

20/07 Saudi Aramco's <IPO-ARMO.SE> potential acquisition of a stake in Saudi petrochemicals maker SABIC would affect the time frame of its own planned initial public offering, Aramco's chief executive Amin Nasser said in a television interview. . .  Full story

Xi's visit to UAE highlights China's rising interest in Middle East

20/07 China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE, underscoring energy-hungry Beijing's rapidly growing interest in the. . .  Full story

Oil storage blast in central Iran kills two, fire contained - Tasnim

20/07 An explosion at an Iranian oil storage facility in the central industrial zone of Khomein on Friday killed two people and wounded another, the semi-official Tasnim news agency reported.. . .  Full story


U.S. Treasury's Mnuchin watching Chinese yuan weakness for manipulation

02h43 The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday.. . .  Full story

U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs

20/07 The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises.. . .  Full story


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Ethiopian Airlines says it is in talks for stake in Eritrean Airlines

19/07 Ethiopian Airlines is in talks to take a stake in Eritrean Airlines and a study will be conducted to determine the size of the acquisition, the Ethiopian carrier's chief executive said in an interview. . .  Full story

Nigeria's Senate to investigate "anomalies" in renewal of oil leases

18/07 Nigeria's upper house of parliament will investigate anomalies in the renewal of oil leases by the ministry of petroleum, it said on Wednesday.. . .  Full story

Kenya to launch Nairobi financial centre later this year-finmin

18/07 Kenya will launch its international financial centre in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows, its finance minister said on Wednesday.. . .  Full story


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