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08h41 The South African arm of global audit firm KPMG said on Wednesday it had appointed veteran public servant and former chairman of the Development Bank of Southern Africa Wiseman Nkuhlu as its chairman.  Full story
16/01 South Africa is pushing ahead with a plan to offer free university education to students from poor households and will announce funding details in next month's budget, Finance Minister Malusi Gigaba said on Tuesday.  Full story
12h35 South Africa's companies registry office is pursuing criminal complaints against SAP, KPMG and McKinsey on suspicion that business they conducted with friends of President Jacob Zuma broke the companies act, it said on Wednesday.  Full story
15/01 South Africa's rand was steady in early trade on Monday, buoyed by uncertainty after Cyril Ramaphosa, the new leader of South Africa's ruling African National Congress, said queries about President Jacob Zuma's fate would be addressed "as time goes on".  Full story
16/01 A South African court has authorized the freezing of 1.6 billion rand ($130 million) in assets earned by global consultancy McKinsey and a firm linked to friends of President Jacob Zuma, a source at the state prosecutors' office told Reuters.  Full story
15/01 Half-year profit at South African retailer Woolworths Holdings could fall by as much as 17.5 percent, it said on Monday, sending its shares down more than 9 percent.  Full story
13h13 South African retail sales rose by 8.2 percent year-on-year in November, beating expectations by far, after increasing by a revised 3.5 percent in October, data from the statistics office showed on. . .  Full story
12h35 South Africa's companies registry office is pursuing criminal complaints against SAP, KPMG and McKinsey on suspicion that business they conducted with friends of President Jacob Zuma broke the companies act, it. . .  Full story
11h18 South African prosecutors will serve a court order on Wednesday to consultancy McKinsey and a local firm controlled by friends of President Jacob Zuma regarding a contract with state utility Eskom,. . .  Full story
09h27 South Africa's rand weakened on Wednesday, giving back gains that lifted it to its firmest level in 2-1/2 years as caution crept back into the market and some investors held off. . .  Full story
08h41 The South African arm of global audit firm KPMG said on Wednesday it had appointed veteran public servant and former chairman of the Development Bank of Southern Africa Wiseman Nkuhlu as. . .  Full story
12h52 Britain hopes to pass laws to allow the capping of the most common form of gas and electricity tariffs for millions of households by the summer, a junior minister in the business department told. . .  Full story
12h46 British engineering company GKN on Wednesday rejected a 7.4 billion pound ($10.2 billion) cash-and-stock takeover offer from turnaround specialists Melrose.. . .  Full story
12h41 EU chief executive Jean-Claude Juncker renewed an offer to Britain on Wednesday to stay in the European Union and said he hoped that even if it goes through with Brexit it would apply to. . .  Full story
12h35 European wholesale spot power prices for day-ahead delivery rose on Wednesday as demand held up firmly while next week's positions posted losses on forecasts for higher temperatures.. . .  Full story
12h35 Shares in British construction and services firm Interserve plunged on Wednesday after the Financial Times reported that ministers are "very worried" and have set up a team of officials to monitor the company.. . .  Full story
00h43 Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.  Full story
16/01 Investors have raised their stock allocations to two-year highs and cut cash positions to five-year lows, with a majority expecting the equity bull run to continue into 2019, a survey by Bank of America Merrill Lynch (BAML) showed on Tuesday.  Full story
15/01 South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalised as government agencies were still in talks to decide how to regulate the market.  Full story
13/01 Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system.  Full story
11/01 Europe's financial markets watchdog accused top credit rating agencies like S&P Global <SPGI.N >, Moody's and Fitch on Thursday of not providing enough clarity on the fees they charge.  Full story
12h01 Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.. . .  Full story
11h00 The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.. . .  Full story
08h55 Ambitious U.S. indoor farming startup Plenty Inc is seeking urban sites for new farms in Chinese cities as part of a global drive to set up high-tech facilities growing organic vegetables in warehouses under. . .  Full story
07h01 The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.. . .  Full story
06h15 Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.. . .  Full story
12h55 Zimbabwe will not stop using "bond notes", a domestic quasi-currency, until the economy fully recovers, Finance Minister Patrick Chinamasa said on Wednesday.. . .  Full story
12h37 A stronger dollar and weaker commodity prices knocked emerging stocks off their near-decade highs and weighed on currencies, with Turkey's lira on track for its worst week since early November on flaring geopolitical tensions.. . .  Full story
12h36 The euro's sizzling January rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs and thereby eroding profits of overseas investors.. . .  Full story
12h29 Sterling edged lower against the dollar on Wednesday after a rally as traders took profits and awaited the latest developments in negotiations over Britain's departure from the European Union.. . .  Full story
12h04 South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal. . .  Full story
12h40 Nigerian militant group Niger Delta Avengers said on Wednesday it planned to launch attacks on the country's oil sector in the next few days.. . .  Full story
08h59 Ivory Coast aims to raise 1,310.7 billion CFA francs ($2.35 billion) in bonds on the regional CFA franc market in 2018, treasury director Jules Coulibaly told Reuters on Tuesday.. . .  Full story
08h54 Nigeria expects to raise $700 million from international sources as part of a $3.5 billion in borrowing earmarked in the 2017 spending plan, the Debt Management Office (DMO) said on Tuesday.. . .  Full story
08h45 Malawi's consumer inflation slowed to 7.1 percent year-on-year in December from 7.7 percent in November, official data from the National Statistical Office showed on Wednesday.. . .  Full story
16/01 Nigeria expects the rate of inflation to fall faster this year compared with 2017, banking on the economy and currency to stabilise, but activities leading up to presidential elections next year could stoke prices.. . .  Full story
12h54 An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said, as maritime police scoured for. . .  Full story
12h32 Kuwait's oil minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers.. . .  Full story
12h22 Vietnamese stocks posted their biggest loss in well over a year on Wednesday and Indonesia marked a new closing high for a second session while others in the region were largely muted.. . .  Full story
12h14 Indonesia's mining ministry on Wednesday signed amended contracts with 18 coal mining companies, including PT Adaro Indonesia, as part of a shift towards a new mining permit system it expects to boost government revenues.. . .  Full story
12h07 Tea prices in Bangladesh edged down at the weekly auction on Tuesday on tepid demand from buyers, though tight supplies and strong demand for quality leaf capped the decline. Bangladeshi tea. . .  Full story
13h13 European Union states will get more leeway to set lower sales tax rates or even scrap them on some goods, under a draft law seen by Reuters that would reform the EU's centralised rate-setting mechanism for value-added tax (VAT).  Full story
13h08 Weaker fourth quarter sales hit Casino's shares on Wednesday, with analysts disappointed by the supermarket group's guidance for 2017 profit growth in its core French business.  Full story
13h02 European Central Bank President Mario Draghi should give up his membership of the opaque Group of 30 consultative body because it risks hurting public confidence in the ECB's independence, the European Ombudsman said on Wednesday.  Full story
13h02 Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.  Full story
12h54 China's fuel blending companies and independent refineries will bear the brunt of new tax rules that will close loopholes that allegedly allowed them to sell fuel without paying consumption taxes.  Full story
USA Week Ahead
14/01 Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.  Full story


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