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Most Read Today

Foreigners sell U.S. Treasuries in Sept -Treasury data

16/11 Foreigners cut back their holdings of U.S. government debt in September after making their biggest monthly purchase of Treasuries since June 2015 the month before, data from the Treasury Department showed on Friday.  Full story

Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base

19/10 U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday.  Full story

CrowdStrike hires Goldman Sachs to lead IPO -sources

19/10 Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.  Full story

Most Read This Week

Lukoil sees no need to cut oil output in 2019

12/11 Russia's Lukoil sees no need to cut crude output in 2019, CEO Vagit Alekperov said on Monday, as global producers discuss the situation in oil markets.  Full story

Gold dips as stocks, dollar firm ahead of U.S. election outcome

06/11 Gold fell on Tuesday as U.S. equities and the dollar firmed ahead of the outcome of congressional elections in the United States, denting the precious metal's appeal.  Full story

Investec asset management buys stake in South African school firm

18/10 Investec Asset Management, a subsidiary of Investec, has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.  Full story


SA Business

South African rand rallies, stocks stumble as BAT sinks

17/11 South Africa's rand rose for a fourth straight session on Friday to end the week nearly 3 percent firmer, benefiting from political chaos in Britain and a revival of risk appetite. . .  Full story

Struggling Fastjet plans to raise at least $40 mln

17/11 Low-cost African airline Fastjet, which said in September it needed more cash within a month to continue operating, announced a fundraising and equity refinancing aimed at increasing its equity base by. . .  Full story

South Africa's Eskom revises coal contract strategy, seeks supply security

16/11 South Africa's cash-strapped power utility Eskom said on Friday it had revised its coal strategy to focus on contracts that offer long-term, fixed prices and security of supply as it faces. . .  Full story

Live News Wire

China defers Tonga's loan payments as Pacific nation signs up to Belt and Road - Tongan official

04h42 Tonga has signed up to China's Belt and Road initiative and has received a reprieve from Beijing on its onerous debt repayment schedule, an official from the Pacific island nation told Reuters.  Full story

U.S. allies counter China with alternative electricity plan for PNG

04h03 The United States and three of its Pacific allies said on Sunday they would work with Papua New Guinea to ensure most of the country had access to electricity by 2030, as Western powers seek to contain China's economic influence in the region.  Full story

German minister looks to tax cuts as economy contracts

01h00 Germany needs a package of tax cuts and other measures to shore up economic growth in the long term, Economy Minister Peter Altmaier said in an interview published on Sunday, days after the country posted its first economic contraction since 2015.  Full story


U.S.-China discord dominates APEC summit in Papua New Guinea

17/11 The United States and China swapped barbs over trade, investment and regional security at an Asia Pacific Economic Co-operation (APEC) summit on Saturday, as growing fault lines among members suggested little prospect of consensus at. . .  Full story

Barrick Gold eyes assets, exploration as it plots new phase

17/11 Barrick Gold Corp, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on. . .  Full story

Britain's Johnston Press to transfer to bondholders

17/11 Britain's Johnston Press, publisher of The Scotsman, The Yorkshire Post and "I" newspapers, said on Friday it would file for administration, a form of creditor protection, and then be sold to its bondholders, allowing it. . .  Full story


Rouhani sees Iran, Iraq expanding trade despite US sanctions

17/11 Iran and Iraq could raise their annual bilateral trade to $20 billion from the current $12 billion, President Hassan Rouhani said on Saturday, despite concerns over the impact of renewed U.S. sanctions.. . .  Full story

China's Xi intends to visit N.Korea next year, S.Korea says

17/11 Chinese President Xi Jinping intends to visit North Korea next year after receiving an invite from North Korean leader Kim Jong Un, South Korea said on Saturday, which would make Xi the first Chinese. . .  Full story

U.S. VP Pence met with Taiwan's APEC envoy

17/11 U.S. Vice President Mike Pence met with Taiwan's envoy to the APEC summit, Morris Chang, on the sidelines of a business forum on Saturday in Port Moresby, according to a media report.. . .  Full story


China reports new outbreaks of African swine fever in Jiangxi, Yunnan, Sichuan and Shanghai

17/11 Four new outbreaks of African swine fever have been reported in China's provinces of Jiangxi, Yunnan and Sichuan as well as the municipality of Shanghai, the agriculture ministry said on Saturday.. . .  Full story

-New blow to China as African swine fever found in wild boar

16/11 China's efforts to stem the spread of African swine fever were dealt a fresh blow on Friday when the agricultural ministry confirmed it had found the first case in a wild boar, deepening a. . .  Full story

Tata Sons only in preliminary talks with Jet Airways about a deal

16/11 Indian conglomerate Tata Sons Ltd said on Friday it is in preliminary talks with struggling Jet Airways Ltd but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.. . .  Full story


Latam FX gains against weak dollar, Mexican stocks snap losing run

16/11 Latin American stocks and currencies soared on Friday to more than one-week closing highs, aided by a soft dollar, with assets in Brazil and Mexico putting in particularly strong showings.. . .  Full story

Dollar, U.S. yields slide on Fed official rate talk

16/11 The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw. . .  Full story

Foreigners sell U.S. Treasuries in Sept -Treasury data

16/11 Foreigners cut back their holdings of U.S. government debt in September after making their biggest monthly purchase of Treasuries since June 2015 the month before, data from the Treasury Department showed on Friday.. . .  Full story


Morocco’s Mutandis launches IPO to raise 400 mln dirhams in Casablanca

17/11 Morocco’s Mutandis received a green light on Friday to launch an initial pubic offering (IPO) to raise 400 million dirhams ($42.1 million), only the second this year on the Casablanca stock. . .  Full story

Kenya central bank upholds fines against lenders for suspect transactions

16/11 Kenya's central bank has upheld the fines it imposed in September against five top commercial lenders for a failure to report suspicious transactions in connection with the theft of funds at. . .  Full story

Zambia plans to transform state power utility into viable firm

16/11 Zambia has started implementing measures aimed at transforming state-owned Zesco Ltd into a viable and efficient public power utility company, the government said on Thursday.. . .  Full story


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