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Canadian dollar rallies as records fall on Wall Street

26/01 The Canadian dollar strengthened against its U.S. counterpart on Tuesday, recovering from an earlier eight-day low, as corporate earnings bolstered Wall Street and the greenback broadly declined. The loonie was trading 0.3% higher at 1.2695 to the greenback, or 78.77 U.S. cents, having to  Full story

Gold dips pressured by stronger dollar; focus on Fed policy

06h16 Gold prices edged lower on Wednesday, weighed by a firmer dollar, as markets awaited the U.S. Federal Reserve's monetary policy decision and developments around a stimulus package in the world's largest economy. Spot gold dipped 0.2% to $1,846.42 per ounce by 0349 GMT. U.S. gold futures  Full story

Global economy threatened by COVID-19 resurgence

03h05 There is a high risk of a resurgence in COVID-19 infections derailing the world economy this year, according to a firm majority of economists in a Reuters poll, who forecast global GDP would reach pre-pandemic levels within two years.  Full story

Most Read This Week

Canadian dollar rallies as records fall on Wall Street

26/01 The Canadian dollar strengthened against its U.S. counterpart on Tuesday, recovering from an earlier eight-day low, as corporate earnings bolstered Wall Street and the greenback broadly declined. The loonie was trading 0.3% higher at 1.2695 to the greenback, or 78.77 U.S. cents, having to  Full story

 

SA Business

South African rand climbs 1%, stocks retreat from record highs

26/01 South Africa's rand firmed by more than 1% on Tuesday in a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about. . .  Full story

South Africa's Aveng aims to raise $20 mln in rights issue

26/01 South African construction and resources company Aveng aims to raise 300 million rand ($20 million) through a fully co-underwritten rights offer to restructure its balance sheet and deleverage, the firm said on Tuesday.. . .  Full story

Yields higher in weekly South African government bond auction

26/01 South Africa's government sold a total of 6.6 billion rand of its 2026, 2030 and 2048 bonds on Tuesday. Yields rose compared with the previous auctions.. . .  Full story
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SA Company

After pandemic, oil firms even less willing to cover $3.9 bln cost of S.Africa's clean fuel plan

22/01 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers. . .  Full story

Uganda orders internet blackout until further notice - MTN

13/01 Uganda's communications regulator ordered telecoms operators in the country to suspend all internet gateways from Wednesday evening until further notice, South African telecoms company MTN Group said.. . .  Full story

AngloGold Ashanti chair Pityana resigns, Maria Ramos to take over

08/12 AngloGold Ashanti's Chairman Sipho Pityana has resigned with immediate effect and will be replaced by independent non-executive director Maria Ramos, the gold miner said on Tuesday, without giving a reason for his departure.. . .  Full story
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Live News Wire

Gold dips pressured by stronger dollar; focus on Fed policy

06h16 Gold prices edged lower on Wednesday, weighed by a firmer dollar, as markets awaited the U.S. Federal Reserve's monetary policy decision and developments around a stimulus package in the world's largest economy. Spot gold dipped 0.2% to $1,846.42 per ounce by 0349 GMT. U.S. gold futures  Full story

Indian shares slip as Reliance falls after Amazon tries to block Future deal

06h15 Indian shares opened lower on Wednesday, weighed down by heavyweight Reliance Industries after U.S. e-commerce giant Amazon.com requested a court to block Future Group's $3.4 billion retail asset sale to the conglomerate.  Full story

Thai Dec factory output falls 2.44% y/y, worse than forecast

06h05 Thailand's manufacturing production index (MPI) in December dropped a more than expected 2.44% from a year earlier, dragged down by lower production of petroleum, sugar and rubber, the industry ministry said on Wednesday.  Full story
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Europe

Zinc falls to more than 2-month low on rising inventories

05h17 Zinc prices fell on Wednesday to their lowest in more than two months after stockpiles in exchange warehouses jumped ahead of a traditionally weak demand season in top consumer China.. . .  Full story

Hong Kong home prices post marginal gain in 2020 - preliminary data

05h15 Hong Kong private home prices, among the most expensive in the world, eked out a tiny gain in 2020 amid the coronavirus pandemic, data showed on Wednesday, barely extending a run of increases dating. . .  Full story

Oil rises as U.S. oil stockpiles drop, new Chinese COVID-19 cases decline

04h32 Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world's second-biggest oil user, reported its lowest daily rise in COVID-19 cases, bolstering hopes of a. . .  Full story
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US

U.S. state regulator says GameStop trading could be 'systemically wrong' - Barron's

05h00 Top securities regulator in Massachusetts thinks trading in GameStop Corp stock, which skyrocketed for a fourth straight day, suggests there is something "systemically wrong" with the options trading surrounding the stock, Barron's reported https://bit.ly/3iRbdRB on. . .  Full story

Corn hits 2-week high on China demand, Brazil rains support soybeans

04h42 Chicago corn futures rose to a two-week high on Wednesday as China's purchase of U.S. supplies of the grain hit the highest level since July, while slow harvesting in Brazil due to rains supported. . .  Full story

Southwest Airlines makes new voluntary leave offer to cut costs

04h17 Southwest Airlines Co said late on Tuesday it was offering employees another round of voluntary leave as its staffing levels remain high and the coronavirus outbreak crimps travel.. . .  Full story
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Asia

S.Korea's c.bank seen standing pat through to 2022 - S&P chief economist

04h50 South Korea's central bank is expected to keep its policy interest rate at the current 0.50% "all the way through 2022," the Asia-Pacific chief economist at S&P GLobal Ratings said on Wednesday.. . .  Full story

Japan shares rise as IMF's outlook lifts optimism for corporate earnings

04h42 Japanese stocks gained on Wednesday as hopes rose for better corporate earnings after the International Monetary Fund raised its forecast for global growth, while shares of Nikko Denko raced to the top of the Nikkei. . .  Full story

China's industrial profits extend growth in Dec amid brisk factory recovery

04h21 Profits at China's industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its COVID-19 slump.. . .  Full story
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Forex

Asian shares slip, Microsoft's brisk earnings boost tech sector

05h44 Asian equities slipped on Wednesday as investors looked to the Federal Reserve's guidance on its monetary policy while futures for U.S. tech shares jumped after strong earnings from Microsoft.. . .  Full story

S.Korea stocks slide; Fed meeting, U.S. stimulus in focus

05h36 Round-up of South Korean financial markets: ** South Korean shares slid on Wednesday, led lower by selling from foreigners, as investors eye the outcome of the U.S.. . .  Full story

Australia, NZ dlrs probe resistance, inflation tops forecasts

05h12 The Australian and New Zealand dollars were again challenging chart resistance on Wednesday as their U.S. counterpart waned and domestic data extended their recent habit of surprising on the upside.. . .  Full story
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Africa

Tanzania economy to grow by 6% this year vs 5.5% last year -central bank

26/01 Tanzania's economy is expected to expand by 6% or more this year from an estimated 5.5% last year, the central bank said, buoyed by the expected global economic recovery and faster private sector credit. . .  Full story

Ivory Coast weather lifts mid-crop cocoa outlook

25/01 Rainfall was below average last week in most of Ivory Coast's cocoa growing regions but good soil moisture content was helping the development of trees for the April-to-September mid-crop, farmers said on Monday.. . .  Full story

Nigerian lawmakers target April or May to pass oil reform bill

25/01 Nigeria's parliament will pass the long-delayed Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said during a parliamentary session on Monday.. . .  Full story
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