![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=2:1&image=/newsimages/2012-02-08T165142Z_1_AJOE8171AU800_RTROPTP_3_OZABS-MARKETS-SAFRICA-RAND-20120208.JPG "A CHILD HOLDS A FIFTY RAND NOTE.")
18h51 South Africa's government bonds fell further on Wednesday while the rand steadied despite reports the government is considering a mining wealth fund that could be used to cap the currency's gains, and as markets awaited news of a new Greek bailout. Full story
19h01 The euro slid from a
two-month high versus the U.S. dollar in choppy trading on
Wednesday as the outcome of a meeting of Greek political
leaders on the country's second bailout package remained up in
the air, although investors were optimistic overall that a deal
will be completed. Full story
18h31 Brent crude oil prices
turned flat on Wednesday, as a build-up in U.S. crude
inventories erased earlier support provided by hopes of a
breakthrough deal to bail out Greece and ongoing tension between
Iran and the West. Full story
Europe will again be at
the center of investors' focus this week as the U.S. earnings
season passes the halfway mark and there is little on the
economic calendar to give the market direction. Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=4:1&image=/newsimages/2012-02-08T161536Z_1_BTRE817196200_RTROPTP_3_OUKWD-UK-PALESTINIANS-HAMAS-UNITY.JPG "Hamas leader Khaled Meshaal speaks to reporters after his meeting with Jordan's King Abdullah in Amman")
18h15 Hamas's Gaza-based leadership challenged on Wednesday a Palestinian reconciliation deal signed. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=300&cropratio=4:1&image=/newsimages/2012-02-08T160312Z_1_BTRE81718LF00_RTROPTP_3_OUKWD-UK-SUDAN-HUNGER.JPG "Sacks of food are unloaded from a UN helicopter in Pibor")
18h03 Conflict, population displacement and high food prices mean millions of people. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/news_images_sn/1317717632.jpg "Man walks past the Johannesburg stock exchange offices in Sandton")
18h01 South African stocks rose for the first time in three sessions on Wednesday, with resources firms such as Anglo American advancing. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&image=/newsimages/2012-02-08T152044Z_1_AJOE81716MM00_RTROPTP_3_OZABS-SAFRICA-SUGAR-20120208.JPG "A sugar worker examines sacks of sugar at a Cuban sugar factory in Calimete")
17h20 South Africa's 2011/12 sugar output is estimated at 1.825 million tonnes, slightly up from a previous forecast of 1.82 million tonnes,. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/news_images_sn/1295358059.jpg "European flags in front of the European parliament in Strasbourg, France")
18h46 European shares fell from
six-month highs on Wednesday after
sources said the European Central Bank policymakers were still
split on a Greek debt. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=140&cropratio=4:3&image=/news_images_sn/1295347640.jpg "Gold Bars")
17h47 Gold held steady near recent
11-week highs on Wednesday, supported by the euro's rise to a
two-month peak as investors bet that Greece. . . Full story
19h01 Veteran emerging market investor Mark Mobius is looking for bargains in Nigeria as others take fright at violence in Africa's most populous country, where the Islamist sect Boko Haram has killed. . . Full story
18h13 Net rental and related income soared to EUR23.7 million (EUR16.2 million) while profit attributable to ordinary equity holders of the company grew to EUR18.8 million (EUR6.9 million). Headline earnings on a. . . Full story
17h19 Rental revenue for the year ended December 2011 was higher at R876.5 million (R587.7 million), however profit for the year attributable to equity holders was lower at R770.1 million (R993.9 million).. . . Full story
![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=100&image=http://www.sharenet.co.za/images/profile/adapt_it.gif)
16h51 Revenue grew to R92.3 million (December 2010: R85.1 million) whilst profit from operations was higher at R7.2 million (December 2010: R6.5 million). Net attributable profit increased to R6.1million (December 2010: R3.3. . . Full story![[IMAGE]](http://www.sharenet.co.za/v3/image.php?width=100&image=/newsimages/2012-02-08T144413Z_1_AJOE81714XR00_RTROPTP_3_OZABS-SAFRICA-COAL-20120208.JPG "A worker unloads coal at a storage site along a railway station in Hefei")
16h44 South Africa's Richards Bay Coal Terminal (RBCT) exported 4.46 million tonnes of coal in January compared with 8.084 million tonnes the previous month, RBCT data showed on Wednesday.. . . Full story 18h52 The Kenyan shilling rose almost 1 percent on Wednesday to an 11-month high after the central bank hoovered up excess liquidity from the market and horticulture exporters sold the greenback, traders. . . Full story
18h25 A strong performance by
Egypt's stock market in the last few days, despite a string of
negative political and economic news, suggests the market's
year-long downtrend has ended and investors will continue
flocking back.. . . Full story
18h25 ICE cocoa futures were
slightly lower on Wednesday following news that exporters were
moving closer to an accord with authorities in top grower Ivory
Coast on a recently launched forward selling programme.. . . Full story
18h07 Big coal buyers should not
fear the merger of miner Xstrata and trader Glencore
into a dominant trading force, say customers who
already rely on the two for supplies of coking coal for. . . Full story
17h34 Political turmoil will again
hamper economies across the Middle East and North Africa this
year and their transformation will prove much harder than in
Latin America and Asia in past decades, a senior World. . . Full story
18h59 A dive in the central
government budget deficit last year due to one-off accounting
items did not conceal signs on Wednesday that France's
underlying spending remains stubbornly high, leaving a stiff
task for the victor. . . Full story
18h58 Germany's Deutsche Bank
will defer any part of an employee's bonus above
200,000 euros ($264,800) this year, a source close to the bank
said, making it the latest industry player to limit pay. . . Full story
18h57 A welter of new financial
rules may need to be phased in and more finely tailored to avoid
draining too much liquidity from markets and the wider economy,
European regulators said on Wednesday.. . . Full story
18h49 Greece will likely not
achieve sustainable debt levels with a 70 percent reduction in
the value of bonds held by its private creditors, Standard &
Poor's warned on Wednesday, putting pressure on the
official sector. . . Full story
18h28 France's AXA
and U.S. insurer ACE are the final two suitors
in the hunt to buy HSBC's $1 billion general insurance
business, people familiar with the matter said.. . . Full story
18h40 Growth in the world beer
market picked up to reach 2.7 percent in 2011 as growth
continued to strengthen driven by emerging markets, and is
predicted to grow at 2.5 percent this year,. . . Full story
18h33 Ralph Lauren Corp reported
better-than-expected results for the holiday quarter, helped by
double-digit sales growth at its own stores as well as increased
sales to department stores, and the clothing maker raised its
margin forecast. . . Full story
18h00 Singapore state investment
group Temasek Holdings has sold a 1.4 percent stake in
ICICI Bank, India's No. 2 lender, raising $299 million
in the latest signal investors are using a rally in the Indian
market. . . Full story
17h53 Copper rose to its highest level in more
than a week on Wednesday, lifted by a stronger euro on optimism Greece will be
able to secure a bailout package aimed at averting a. . . Full story
18h57 Irish Bank Resolution
Corporation, formerly known as Anglo Irish Bank, has opened
exclusive talks with U.S.-based Key Capital Corporation about
selling loans linked to its wealth management unit, the bank
said on Wednesday.. . . Full story
18h55 The Susan G. Komen for the
Cure charity defines its mission as finding a cure for breast
cancer. In recent years, however, it has cut by nearly half the
proportion of fund-raising dollars it. . . Full story
18h27 Oil firm Statoil is
lifting capital spending this year as it bets on the development
of shale oil in the United States to help raise its output by a
third over the next decade.. . . Full story
18h26 Prices of U.S. 30-year
Treasury bonds climbed to session highs in late morning trading
on Wednesday after news that the European Central
Bank remains divided on what contribution it could make to a
Greek. . . Full story
18h18 McDonald's Corp reported a
better-than-expected rise in January sales at established
restaurants across the globe, as strength in the United States
helped offset the slowing pace of sales gains in Europe.. . . Full story
12h15 The Ugandan shilling was flat against the dollar on Wednesday and traders said the market was awaiting the results of a Treasury bill auction later in the day for direction.. . . Full story
09h59 Most emerging Asian
currencies rose on Wednesday, driven by capital inflows and
demand from offshore funds as investors remained hopeful that
Greece will strike a debt restructuring deal, but local
investors remained wary of further. . . Full story
09h57 China's central bank said
on Wednesday that it has agreed to extend its currency swap deal
with Malaysia's central bank and increase the size of the deal
to 180 billion yuan ($28.55 billion) from. . . Full story
09h47 The South Korean won
climbed on Wednesday as foreign investors continued to scoop up
local shares, with hopes of a deal on Greece's debt issues being
sealed in the near future stoking risk. . . Full story
08h02 The euro eased on Wednesday but still held near a two-month high, supported by hopes that Greece may soon agree to austerity steps needed to secure a second bailout and avoid. . . Full story
