Most Read Today

Oil falls to 2-week lows as OPEC+ seen easing supply curbs

02/03 Oil prices fell to their lowest in two weeks on Tuesday on expectations OPEC+ producers will ease supply curbs at their meeting later this week as economies start to recover from the coronavirus crisis.. . .  Full story

Australia, NZ dollars in demand as economies, commodities outperform

04h24 The Australian and New Zealand dollars edged higher on Wednesday as upbeat economic news at home and strength in commodity prices globally underpinned sentiment, while bonds calmed after last week's ructions.. . .  Full story

Most Read Yesterday

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Dollar dips, Aussie gains on improving risk sentiment

02/03 The dollar dipped on Tuesday and riskier currencies including the Australian dollar gained as U.S. stocks were stable, reflecting improving risk appetite. The greenback has been a beneficiary from recent. . .  Full story

Dow exec sees climate change as opportunity for petchem innovation

25/02 Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week.. . .  Full story

Most Read This Month

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Indian shares close at record highs on gains in financial, infra stocks

02/02 India's main stock indexes ended at record closing highs on Tuesday, boosted by gains in financials and infrastructure stocks, after the government unveiled plans to hike spending to revive growth in the country's pandemic-hit economy.. . .  Full story

Dollar hits fresh three-year lows against commodity-linked currencies

24/02 Dovish testimony from Federal Reserve Chair Jerome Powell on Wednesday bolstered bets on reflation and fears of inflation, driving the U.S. dollar to fresh three-year lows against commodity-linked currencies including the Canadian, Australian and New. . .  Full story

Dollar gains as Treasury yields rise; bitcoin breaches $50,000

16/02 The U.S. dollar rebounded from three-week lows on Tuesday as Treasury yields hit pre-pandemic highs and bullish economic sentiment boosted investor risk appetite. Bitcoin also surpassed $50,000 to a hit record. . .  Full story

Australia's CBA outlines No.1 business banking ambition, dividends surge

10/02 Australia's Commonwealth Bank , the country's largest, on Wednesday said it would compete for the No. 1 business banking position and would focus on technology-driven products to boost revenue, as the nation recovers from the. . .  Full story

Canadian dollar hits a 3-year high, playing catch-up with oil

24/02 The Canadian dollar strengthened to its highest level in three years against its U.S. counterpart on Wednesday, as oil prices rose and Canadian bond yields climbed at a faster pace than their U.S. counterparts.. . .  Full story

Canadian dollar rallies as investors re-embrace risk-on trade

01/03 The Canadian dollar rose by the most in nearly six weeks against the greenback on Monday as pressure on stocks due to the recent jump in bond yields faded and data showed narrowing in. . .  Full story

Amazon sues New York attorney general to preempt COVID-19 lawsuit

12/02 Inc on Friday sued New York's attorney general to stop the state from filing its own lawsuit over the online retailer's early response to COVID-19, including its firing of activist Christian Smalls.. . .  Full story

Equinor sells U.S. Bakken shale assets, posts record loss for 2020

10/02 Norway's Equinor has agreed to sell its assets in the U.S. Bakken shale oil province after a decade of multibillion-dollar losses and criticism for poor investment decisions.. . .  Full story

Globals stock slide on inflation fears, dollar gains

26/02 The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation. . .  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

Australia, NZ dollars hover near multi-year highs amid commodity boom

23/02 The Australian and New Zealand dollars were little changed on Tuesday, hovering near multi-year highs amidst surging commodity prices and a weak greenback, while bond yields stabilised.. . .  Full story

Dollar firms on sudden spike in U.S. Treasury yields

25/02 The dollar index lifted off a seven-week low on Thursday after yields on 10-year U.S. Treasuries jumped as high as 1.6% following weaker-than-expected bids in a U.S. government debt auction.. . .  Full story

China's finance ministry asks Deloitte for internal investigation after whistleblower allegations

11/02 China's Ministry of Finance said on Thursday it has asked Deloitte, one of the world's "Big Four" accounting firms, to conduct an internal investigation, after an employee anonymously alleged auditing violations.. . .  Full story

Gold breaks below $1,800 as dollar, yields gain

04/02 Gold dropped more than 2% on Thursday to break below the key psychological $1,800 level as a rising dollar and U.S. Treasury yields eroded bullion's appeal. Spot gold. . .  Full story

Intesa sees bigger payback from UBI deal after solid 2020

05/02 Intesa Sanpaolo, Italy's largest bank, on Thursday forecast that net profit would be above 3.5 billion euros ($4 billion) in 2021 following the acquisition of rival UBI Banca and said benefits from the deal would. . .  Full story

Dollar holds gains on better U.S. outlook vs Europe

02/02 The dollar rose to two-month highs against the euro on Tuesday as markets saw the U.S. as likely to rebound sooner than Europe from the coronavirus pandemic. The view was. . .  Full story

Australian dlr upset by market tumult, RBA tries to staunch bond bleeding

26/02 The Australian dollar was sent reeling from multi-year peaks on Friday as a rout in bond markets spread to other risk assets, spurring the country's central bank to intervene to stem a savage selloff. . .  Full story

Australia, NZ dlrs recover from bond market tumult

01/03 The Australian and New Zealand dollars recovered against the greenback on Monday after riskier currencies plunged late last week amid a global bond market sell-off.. . .  Full story

Steinhoff's former auditor Deloitte to pay $85 mln to settle certain claims

15/02 Steinhoff said on Monday former auditor Deloitte has agreed to pay $85 million to certain claimants as part of the retailer's proposed $1 billion global lawsuit settlement plan, and that a company opposing the plan. . .  Full story