![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=2:1&image=/newsimages/2013-05-21T074943Z_1_AJOE94K0LR100_RTROPTP_3_OZABS-KENYAS-STANBICS-20130521.JPG "Kenyan city residents walk past Stanbic Bank in the capital Nairobi")
09h49 Kenya's CFC Stanbic Bank posted a 79.5 percent jump in pretax profit for the first quarter from a year ago to 1.46 billion shillings. Full story
09h58 The dollar rose against the yen
on Tuesday after a Japanese minister clarified remarks about the
yen's drop, but many awaited the Federal Reserve chief's
testimony before adding to bets on a stronger U.S. currency. Full story
09h51 The South Korean won snapped a
3-session fall to gain on Tuesday on short-covering combined
with demand from exporters cautious ahead of Federal Reserve
Chairman Ben Bernanke's congressional testimony.
The won ended the session at 1,110.6 per
dollar, up 0.56 percent on the day from Monday's dom Full story
With the broad S&P 500 Index
gliding once again into uncharted territory and posting
four straight weeks of gains, the talk of Wall Street's rally
inevitably hitting a ceiling is starting to get old. Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=4:1&image=/news_images_sn/1295358133.jpg "Night view of Shanghai's new financial district by the Huangpu river, Pudong")
09h06 China shares eked out a
fifth-straight gain on Tuesday, as strength in. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=4:1&image=/newsimages/2013-05-20T231202Z_1_CBRE94J1SG400_RTROPTP_3_USA-TORNADOES.JPG "Overturned cars are seen after huge tornado strikes near Oklahoma City")
08h53 At least 91 people,
including 20 children, were feared killed when a. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&image=/newsimages/2013-05-20T113252Z_1_AJOE94J0W2V00_RTROPTP_3_OZABS-SOUTH-AFRICAN-WAGE-20130520.JPG "The mining community reacts as they are addressed by their leaders during a strike at Lonmin's Marikana platinum mine in Rustenburg")
Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&image=/newsimages/2013-05-20T065656Z_1_AJOE94J0JAX00_RTROPTP_3_OZABS-SAFRICAS-RAND-20130520.JPG "New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg")
South Africa's rand fell to a new 4-year low and government bonds were heavily sold on Monday in a market still. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/news_images_sn/1295347640.jpg "Gold Bars")
09h53 Gold climbed off session lows
on Tuesday as Chinese buyers picked up the metal, easing some
pressure on bullion which has been hit. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/news_images_sn/1295437803.jpg "Global Markets")
09h38 The dollar edged higher, gold
steadied and European shares remained near five-year highs on
Tuesday as investors wait to see if the U.S.. . . Full story
09h58 The South African Reserve Bank's monthly leading business cycle indicator fell 1.1 percent in March from February, mainly due to a decrease in the export commodity price index, the bank said. . . Full story
08h42 Revenue for the interim period fell 8% to R5.3 billion (R5.7 billion) whilst operating profit decreased by 21% to R583.0 million (R736.1 million). Profit attributable to equity holders shrunk 14% to. . . Full story
08h19 A two-day wildcat strike at a Mercedes Benz car plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect. . . Full story
08h19 The National Union of Metal Workers of South Africa (NUMSA) is demanding a 20 percent wage increase for its members in the automotive sector, the union's treasurer said on Tuesday.. . . Full story
South African financial services firm Alexander Forbes said on Monday it is considering possible deals to sell off stakes in its short-term and life insurance unit, Guardrisk.. . . Full story
08h41 Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April.. . . Full story
08h37 Oil brought riches to Nigeria but also ravaged its economy and fuelled corruption and conflict. Now nearby Ghana has begun production and wants to take the wealth but dodge the oil. . . Full story
08h25 Citibank and Barclays are likely to be named the lead advisers for Ghana's plans to issue up to $1 billion of Eurobonds this year, officials involved in the discussion said on. . . Full story
08h22 Mauritius central bank Governor Rundheersing Bheenick said on Monday the government had granted him three more years in charge of setting the monetary policy on the Indian Ocean island.. . . Full story
Fitch Ratings on Monday revised up Lesotho's sovereign credit outlook to stable from negative, citing the country's ongoing improvements in public finance management and structural reforms.. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=100&image=/news_images_sn/1297158920.jpg "Paternoster Square, home of the LSE, seen from St Paul's Cathedral")
09h18 Britain's benchmark index edged
off 13-year highs early on Tuesday, led by a selloff in cruise
operator Carnival Corporation.. . . Full story![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=100&image=/news_images_sn/1297168125.jpg "European flag flying in front of the European Commission building in Brussels")
09h14 European shares edged back on
Tuesday from five-year highs, with some traders citing concerns
over a possible end to central bank stimulus measures which have
led a global equity market rally this year.. . . Full story 09h13 Darty Plc reported a
fall in like-for-like revenues in the three months ending April
30 as the French-based electrical goods retailer pushed ahead
with its turnaround plan against a weak economic backdrop.. . . Full story
08h51 Storage company Big Yellow Group Plc
reported an 8 percent rise in profit despite the
introduction of new taxes, as demand grew for self-storage in
London and southeast England.. . . Full story
08h44 British retailer Marks & Spencer
posted its lowest annual profit since 2009 on Tuesday as
a struggling clothing and homewares division dragged on growth
in food sales.. . . Full story
09h22 Richemont said Marty
Wikstrom is resigning as chief executive of its fashion and
accessories businesses, the latest in a string of recent
management changes at the world's second biggest luxury group.. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=100&image=/news_images_sn/1295360454.jpg "Tokyo Stock Exchange building")
09h07 Japan's Nikkei share average edged
up to a fresh 5-1/2-year high on Tuesday, reversing earlier
losses, as retail investors scooped up underperforming stocks
such as Sharp Corp and Tokyo Electric Power Co Inc
.. . . Full story 08h35 Japanese government bond prices
sagged on Tuesday after an auction of 40-year bonds drew tepid
demand as investors grew suspicious that the Bank of Japan is
tolerating a rise in bond yields as it. . . Full story
08h27 China's key seven-day money
rates extended their rise on Tuesday due to tight liquidity
conditions caused by tax payments by companies.
However, gains were capped after the People's Bank of. . . Full story
07h35 Grappling with weak demand,
rising costs and heightened competition in their oil business,
trading companies in Asia are cutting staff and seeking new
revenue sources from areas such as drilling for gas and
generating power.. . . Full story
09h59 Bwin.party has targeted
cost savings of 70 million euros ($90 million) this year as it
joins other online gambling companies pulling back from markets
where regulations are not clear cut.. . . Full story
09h38 London copper recouped early
losses on Tuesday, underpinned by confidence in the U.S.
economy, although gains were kept in check ahead of a slew of
factory data this week that may point to softer. . . Full story
06h59 Judging by early
demand for everything from doggie daycare to Ferrari rentals and
fine art, rich Americans are going to make this a strong summer
in one of their favorite playgrounds - the beach. . . Full story
06h06 Sprint Nextel Corp said its
Japanese suitor SoftBank Corp granted it a waiver
allowing it to consider a $25.5 billion rival bid by Dish
Network Corp, as pressure mounts on SoftBank to sweeten
its offer. . . Full story
02h43 U.S. crude futures eased to about
$96.50 a barrel in early trading in Asia on Tuesday as ample
supplies weighed on prices, despite support from equity markets.. . . Full story
09h20 The Taiwan dollar and the South
Korean won led gains among emerging Asian currencies on Tuesday,
as investors covered short positions in regional units before
Federal Reserve Chairman Ben Bernanke's congressional testimony
and on a. . . Full story
09h13 Gold fell on Tuesday for the eighth of nine sessions, hurt by a firm dollar and persistent outflows from exchange-traded funds, pointing to more downside pressure on the metal, which has. . . Full story
The dollar fell against the
euro and yen on Monday as traders pared back expectations
Federal Reserve Chairman Ben Bernanke would hint at tapering
U.S. bond purchases this week.. . . Full story
The South Korean won recouped most
early losses on Monday but still ended lower for a third
straight session as the U.S. dollar gained strength from upbeat
economic data.
The won. . . Full story
The Thai baht hit a near
three-month low against the dollar on Monday as news the economy
shrank in the first quarter spurred expectations of a central
bank rate cut, while the Singapore dollar. . . Full story
