NEWS feeds categorized by region. For a feed of all NEWS as it arrives, go to NEWS WIRE

 

SA Business

Zambia's Chinese debt nearly twice official estimate, study finds

16h45 Zambia's debt to Chinese public and private lenders is $6.6 billion, almost double the amount disclosed by the previous Zambian government, the China Africa Research Initiative (CARI) has estimated from an analysis of loan data.. . .  Full story

SAA, Kenya Airways have long-term plan for pan-African airline group

16h06 South African Airways (SAA) and Kenya Airways (KQ) have signed a cooperation agreement with a long-term view to create a pan-African airline group, the two companies said on Tuesday.. . .  Full story

Yields rise in weekly South African government bond auction

12h36 South Africa's government sold a total of 3.9 billion rand ($261.0 million) of its 2035 , 2040 and 2048 bonds on Tuesday. Yields rose compared with the previous auctions.. . .  Full story
VIEW ALL

SA Company

Prosus/Naspers: The Exchange Offer Declared Unconditional

13/08 Prosus NV:. . .  Full story

Riots cost South Africa's SA Corporate Real Estate $38 mln

10/08 South Africa's SA Corporate Real Estate put an estimate of 558.243 million rand ($37.7 million) on Tuesday on the total cost of damage to its properties and loss of income after recent looting and vandalism.. . .  Full story

S.Africa's AngloGold shares slide as pandemic hits earnings

06/08 Shares in AngloGold Ashanti slumped more than 10% on Friday after it trimmed its 2021 production estimate and posted a 10% drop in headline first-half earnings due to the impact of the COVID-19 pandemic and. . .  Full story
VIEW ALL

Live News Wire

India unveils new rice variety to cut down on use of water, labour

19h07 India's Prime Minister Narendra Modi on Tuesday launched an array of new high-yielding crop varieties, including herbicide-tolerant rice that can be directly sown into the soil, cutting expenditure on water and farm workers.  Full story

Brent dips after topping $80 a barrel, highest since Oct 2018

19h06 Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors locking in profits.  Full story

Cattolica deems fair price of Generali's buyout bid-source

19h05 The board of Italian insurer Cattolica has deemed fair, at a meeting on Tuesday, the price offered by bigger rival Generali in its buyout offer, a source with knowledge of the matter told Reuters. (Reporting by Andrea Mandala; editing by Valentina Za)  Full story
VIEW ALL

Europe

Santander announces interim shareholder remuneration of 1.7 bln euros

19h04 Spain's Santander said on Tuesday its board had decided to make an interim distribution from 2021 earnings through a cash dividend and share buyback worth 1.7 billion euros ($2 billion, equivalent to 40% of. . .  Full story

Italy forecasts 2021 GDP growth at 6%, deficit/GDP at 9.5% - sources

19h01 Italy's government forecasts that the economy will grow by 6% this year, two government sources said on Tuesday, while the budget deficit will come in at 9.5% of gross domestic product (GDP).. . .  Full story

EU leaders to discuss soaring energy prices

18h30 Leaders of European Union countries will discuss surging energy prices when they meet next month, as governments scramble to cushion households from the soaring cost of gas and power.. . .  Full story
VIEW ALL

US

Ready to taper or waiting for more data? Recent Fed officials' comments

18h53 The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track.. . .  Full story

Analytics firm Amplitude valued at $5 bln as shares jump in Nasdaq debut

18h39 Shares of Amplitude Inc opened nearly 43% above their reference price in Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark Capital-backed analytics company.. . .  Full story

Wall St tumbles on weak consumer sentiment, rising bond yields

18h29 The S&P 500 and the Nasdaq headed for their worst day in four months on Tuesday as weak consumer confidence data deepened concerns over slowing economic growth, while a surge in Treasury yields hit. . .  Full story
VIEW ALL

Asia

Jordan's state carrier to resume flights to Syria for first time in decade

18h01 Jordan's state carrier, Royal Jordanian, will soon resume direct flights to Damascus for the first time in nearly a decade, in the latest step to restore extensive business ties with Syria hurt by conflict. . .  Full story

China’s widening electricity crisis caused by coal shortage: Kemp

16h56 China is in the grip of a severe shortage of both coal and electricity as the economy has resumed strong growth after the coronavirus recession but coal mine output has failed to keep up,. . .  Full story

Saudi approves licence for National Bank of Egypt branch, SPA reports

16h40 Saudi Arabia's cabinet approved on Tuesday the licence for the National Bank of Egypt to open a branch in the kingdom, Saudi state news agency SPA reported.. . .  Full story
VIEW ALL

Forex

Rouble slips from 14-month high vs euro, OFZ bonds in focus

17h12 The rouble fell from a 14-month peak versus the euro and into negative territory on Tuesday as oil prices edged lower and Russia's benchmark MOEX stock index slipped from an all-time high amid heightened. . .  Full story

Sterling drops more than 1% amid U.S. yields surge, UK fuel crisis

16h25 Sterling fell more than 1% versus dollar and euro on Tuesday as a steep rise in U.S. Treasury bond yields and fears for the economic impact of a shortage of gas in Britain overshadowed. . .  Full story

Slowing growth worries hammer Latam assets, Mexico's peso slumps 1%

16h24 Latin American stocks joined a broader sell-off in markets on Thursday, driven by uncertainty around economic growth, while surging U.S. Treasury yields weighed on currencies, pushing the Mexican peso down 1%.. . .  Full story
VIEW ALL

Africa

Kenyan central bank holds rates but notes inflation pressure

16h03 Kenya's central bank held its benchmark lending rate at 7.0% on Tuesday, with its monetary policy committee saying it had taken note of emerging local and global inflationary pressures.. . .  Full story

Zimbabwe September inflation ticks up to 51.55% y/y - Zimstat

27/09 Zimbabwe's consumer inflation rate rose to 51.55% year on year in September compared with 50.24% in August, national statistics agency Zimstat said on Monday.. . .  Full story

Heavy rains leave Ivory Coast cocoa farmers split on harvest outlook

27/09 As heavy rains persisted across Ivory Coast's cocoa-growing regions last week, farmers polled by Reuters were divided on whether moisture levels would help the October-to-March main crop or nurture a crop-killing fungal disease.. . .  Full story
VIEW ALL