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Most Read Today

Oil rebounds on lower U.S. stockpiles, possible drop in OPEC supply

15/11 Oil futures rose for the second consecutive session on Thursday after this week's steep losses as U.S. fuel stockpiles declined and a possible cut in OPEC output helped support prices.  Full story

Brian Joffe's Long4Life to buy South African drinks maker

28/11 Brian Joffe's South African investment firm Long4Life has agreed to buy Chill Beverages for at least 452 million rand ($33 million) in cash and shares, Long4Life said on Tuesday.  Full story

With risky bets back in play, stock selloff revives 'Volmageddon' memories

12/10 Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.  Full story

Most Read This Week

Bank of Korea sees case for policy tightening to curb property boom

08/11 South Korea's central bank told the parliament on Thursday that there was a case for monetary policy tightening to curb the fast growth in consumer and corporate borrowings, which has driven a property boom in certain areas.  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

GE passes Nigerian rail concession leadership to South Africa's Transnet

15/11 General Electric (GE) said on Thursday it has passed the leadership of a consortium picked to run a Nigerian rail concession to South Africa's Transnet after the U.S. firm exited its. . .  Full story

South Africa's Sappi takes short term pain for long term gain

15/11 South African paper and pulp maker Sappi said on Thursday that its profit for the full year fell 4.4 percent as it ramped up investment to modernise plants and shift production. . .  Full story

Mediclinic H1 core profit down 8 percent on weak Swiss performance, shares fall

15/11 Mediclinic International Plc reported an 8 percent decline in half-year core profit on Thursday, reflecting a disappointing performance from its Swiss operation Hirslanden due to regulatory changes in the country's healthcare. . .  Full story
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SA Company

Growthpoint Properties Says Public Investment Corp Now Holds 15.022 Pct Of Co's Total Issued Ordinary Shares

15/11 Growthpoint Properties Ltd:. . .  Full story

MTN Rwanda close to finalising 50 bln franc syndicated loan

15/11 MTN Rwanda, the biggest telecoms operator in the East African nation, is close to sealing a deal for a 50 billion franc ($56.29 million) syndicated loan to be used to modernise its network,. . .  Full story

Royal Bafokeng Platinum Says Styldrift Project Reaches 150KTPM Milestone

15/11 Royal Bafokeng Platinum Ltd:. . .  Full story
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Live News Wire

Exit of Flipkart CEO adds to fears in Corporate India about sexual misconduct

01h00 In 2015, when Antony Alex pitched his training products for tackling sexual harassment in the workplace, large and small businesses in India mostly turned him away saying it was not worth the investment.  Full story

Tankers storing LNG in Asian waters double as pre-winter demand disappoints

01h00 Tankers storing liquefied natural gas (LNG) in Asian waters have more than doubled in number since late October as traders have been caught off guard by warmer-than-expected temperatures that have capped demand and pulled down prices.  Full story

PetroChina's gas marketing consolidation worries independent sellers - sources

01h00 PetroChina will merge its wholesale natural gas sales unit with retail provider Kunlun Energy to shore up profits though the move worries independent gas sellers that fear the combination will create a monopoly.  Full story
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Europe

Oil rebounds on lower U.S. stockpiles, possible drop in OPEC supply

15/11 Oil futures rose for the second consecutive session on Thursday after this week's steep losses as U.S. fuel stockpiles declined and a possible cut in OPEC output helped support prices.. . .  Full story

Addepar CEO says investors want better returns, fear volatility

15/11 High net worth investors are increasingly eager to move piles of cash into higher-yielding assets, but recent volatility in stock and bond markets has made that task more complicated, the chief executive of data. . .  Full story

Erich Hampel to step down as chair of UniCredit Bank Austria

15/11 Italian lender UniCredit on Thursday said that its Austrian business's Chairman Erich Hampel has resigned from the Board and will also step down from all other functions within the group.. . .  Full story
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US

Carl Icahn Withdraws Litigation Against Dell, Terminates Proxy Contest

00h59 Carl C. Icahn:. . .  Full story

Dell sweetens tracking stock offer, Icahn drops opposition

00h54 Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $23.9 billion from $21.7 billion, prompting billionaire investor Carl Icahn to abandon his campaign. . .  Full story

California judge orders next Monsanto weed-killer cancer trial for March

00h52 A California judge on Thursday granted an expedited trial for March in the case of a California couple suffering from cancer who sued Bayer AG's Monsanto unit, alleging the company's glyphosate-containing weed killer Roundup caused. . .  Full story
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Asia

Ailing Astaldi gets non-binding bid from Italian building firm Salini

15/11 Italian construction company Salini Impregilo said on Thursday it had presented a non-binding expression of interest for Astaldi, which has filed for creditor protection.. . .  Full story

Bulgarian arms maker VMZ Sopot to start drone production

15/11 State-owned Bulgarian arms producer VMZ Sopot has signed a technology transfer contract with Israel's Aeronautics, allowing VMZ Sopot to start producing unmanned aerial vehicles (UAV), the economy ministry said on Thursday.. . .  Full story

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

15/11 When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.. . .  Full story
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Forex

Nvidia shares slide 17 pct as cryptocurrency demand vanishes

00h46 Chip designer Nvidia Corp on Thursday forecast sales for its fiscal fourth quarter well below Wall Street expectations, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the. . .  Full story

Latam FX firm as Mexico c.bank raises rates, could hike again

00h19 Latin American currencies gained on Thursday, with Mexico's peso firming 0.9 percent as the country's central bank made hawkish comments after an interest rate hike and warned that the incoming government's policies could fan inflation.. . .  Full story

Mexico central bank sends warning over incoming leftist government

15/11 Mexico's central bank raised its benchmark interest rate on Thursday on concerns over inflation, and said the incoming government's policies risked fanning inflation in a strongly worded warning to President-elect Andres Manuel Lopez Obrador.. . .  Full story
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Africa

MTN Rwanda close to finalising a 50 bln franc syndicated loan

15/11 MTN Rwanda, the biggest telecoms operator in the East African nation, is close to sealing a deal for a 50 billion franc ($56.29 million) syndicated loan to be used to. . .  Full story

Zimbabwe's inflation at highest in a decade as dollar shortage bites

13/11 Inflation in Zimbabwe soared last month to its highest level since 2008, official data showed on Tuesday, after a severe dollar shortage led to a surge in prices of food, drinks. . .  Full story

Management contributed to collapse of Nigeria's Skye Bank -deposit insurer

13/11 The management of Nigerian failed lender Skye Bank contributed to the collapse of the mid-tier bank, the country's deposit insurance agency said on Monday.. . .  Full story
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