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Most Read Today

ANALYSIS-In coal we trust: Australia's voters back PM Morrison's faith in fossil fuel

00h00 Australia's re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, "This is coal - don't be afraid!" His surprise win in what some dubbed the 'climate election' may have stunned the country, but voters should know what comes next in energy policy - big coal.  Full story

U.S. to encourage investment in Palestinians as first part of peace plan

19/05 The White House will unveil the first part of President Donald Trump's long-awaited Israeli-Palestinian peace plan when it holds an international conference in Bahrain in late June to encourage investment in the West Bank and Gaza Strip, senior U.S. officials said on Sunday.  Full story

May's new Brexit offer retains N. Irish backstop, nothing new on customs -paper

19/05 British Prime Minister Theresa May's new Brexit offer to UK lawmakers retains the Northern Irish backstop and does not add anything new on customs arrangements, The Telegraph newspaper reported http://bit.ly/2LSJNhn late on Sunday.  Full story

Most Read This Week

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018, Results of General Meeting dated 15 February 201  Full story

South Africa's Long4Life beats sales estimates, shares jump

15/05 South African investment firm Long4Life on Wednesday posted forecast-beating annual sales, boosted by drinks and beauty treatments demand in the summer months, sending its shares up nearly 5%.  Full story

South Africa's Tongaat Hulett, lenders to consider standstill agreement

16/05 South Africa's Tongaat Hulett Ltd said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive some of their rights related to their loans to the troubled sugar producer.  Full story

 

SA Business

S.Africa power utility Eskom raises $361 million through loan drawdowns

18/05 South Africa's power utility Eskom said on Friday it had raised 5.2 billion rand ($361 million) through drawdowns against a portion of committed loans, 4 billion rand of which was received. . .  Full story

IMF: Mozambique debt talks with VTB almost finalized, cyclone hits growth

18/05 Mozambique's restructuring discussions with Russian lender VTB over a loan to the state-owned Mozambique Asset Management (MAM) are in the final stretch, the International Monetary Fund (IMF) said in its latest. . .  Full story

Orion interim results December 2018

17/05 Revenue for the interim period lowered to R43.1 million (R44.8 million) whilst operating profit before interest decreased to R9.5 million (R14.6 million). Profit and total comprehensive income for the period attributable. . .  Full story
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SA Company

S.Africa's rand slips to 1-week low, financial stocks drag down bourse

17/05 The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between China and the United States dragged down demand for emerging markets assets.. . .  Full story

Tradehold To Dispose Of All Shares In Imbali 21 & Saddle 69

17/05 Tradehold Ltd:. . .  Full story

Amplats considers sale of Twickenham and Bokoni mines - CEO

17/05 Anglo American Platinum is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters.. . .  Full story
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Live News Wire

Global dividends hit record in first quarter as companies shake off macro worries

01h01 Companies around the world paid out a record amount of dividends in the first quarter, data showed on Monday, as they shrugged off worries about slowing economic and earnings growth.  Full story

London office building at post Brexit referendum high - Deloitte

01h01 New office building in central London is at a three-year high, with 13.2 million square feet of space under construction, up 12% on the figure six months ago, Deloitte Real Estate's London Office Crane Survey said on Monday.  Full story

China's scrap metal imports to slump as new rules leave firms confused

01h00 China's scrap metal importers expect disruptions in shipments to start this month because of uncertainty surrounding new scrap restrictions starting in July, depriving the world's biggest copper consumer of a crucial source of the metal.  Full story
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Europe

May's new Brexit offer retains N. Irish backstop, nothing new on customs -paper

19/05 British Prime Minister Theresa May's new Brexit offer to UK lawmakers retains the Northern Irish backstop and does not add anything new on customs arrangements, The Telegraph newspaper reported http://bit.ly/2LSJNhn late on Sunday.. . .  Full story

Benetton family wants Generali to stay in Italian hands - report

19/05 The Benetton family wants Generali to remain in Italian hands and is ready to tighten its grip on Europe's third-biggest insurer along with other Italian investors, Luciano Benetton said in a newspaper interview.. . .  Full story

GCC countries begin enhanced maritime security patrols - U.S. Fifth Fleet

19/05 Countries of the Gulf Cooperation Council (GCC) began "enhanced security patrols" in the international waters of the Arabian Gulf area on Saturday, the U.S. Navy's Bahrain-based Fifth Fleet said on Sunday.. . .  Full story
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US

Australia's shock election shows killing coal mining is no sure thing: Russell

00h42 While Australia's opposition Labor Party is the obvious loser from the weekend election, the anti-coal environmental lobby suffered probably a bigger blow and will need to re-think its strategy to end mining of the polluting. . .  Full story

Trump, Saudi Arabia warn Iraq against Middle East conflict

00h39 U.S. President Donald Trump issued a new threat to Tehran on Sunday, tweeting that a conflict would be the "official end" of Iran, as Saudi Arabia warned it stood ready to respond with "all. . .  Full story

Google Has Cut Off Huawei From Direct Business Activity Due To New Commerce Dept Rules- The Verge

00h07 /p>. . .  Full story
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Asia

KUWAIT NEWS AGENCY

19/05 . . .  Full story

Dubai's JAFZA in $354 million boost to economy

19/05 Dubai's government-owned Jebel Ali Free Zone (JAFZA) will return cash and bank guarantees to clients through a new initiative meant to inject 1.3 billion dirhams ($354 million) into the emirate's economy, the government's media office. . .  Full story

China investigates former head of securities regulator

19/05 The former head of China's top securities regulator has been put under investigation by the country's anti-corruption watchdog on suspicion of violating laws, the Central Commission for Discipline Inspection said on Sunday.. . .  Full story
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Forex

-China's central bank won't let yuan weaken past 7 to the dollar-sources

01h00 China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.. . .  Full story

Australia dollar gets brief fillip from election surprise

00h52 The Australian dollar firmed on Monday in the wake of a surprise election victory by the country's conservative government, though the gains were quickly pared in the face of Sino-U.S. trade tensions and bets. . .  Full story

Australian dollar jumps on surprise Liberal election victory

19/05 The Australian dollar jumped on Monday as markets responded to the surprise election victory of the country's conservative government in a national poll held over the weekend.. . .  Full story
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Africa

-Ethiopia starts rationing electricity for homes and industries

18/05 Ethiopia has started to ration electricity for domestic and industrial customers after a drop in water levels in hydroelectric dams led to a production deficit, the minister for water and electricity, Seleshi Bekele, said on. . .  Full story

Ethiopia starts rationing electricity for homes and industries

17/05 Ethiopia has started to ration electricity for domestic and industrial customers after a drop in water levels in hydroelectric dams led to a production deficit, the minister for water and electricity, Sileshe Getahun, said on. . .  Full story

Kenya to finalise IMF deal within two months, rate cap "no issue" -Finance Minister

16/05 Kenya expects to finalise a deal with the International Monetary Fund within two months and the lender is not insisting on a removal of the interest rate cap as a precondition. . .  Full story
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