Thursday, October 18, 2018
The rand was slightly firmer on Thursday morning as the market awaited further clarity on President Jacob Zuma’s expected resignation. Business Day reported that Zuma wanted to say goodbye to the Cabinet and address the nation before resigning. The rand has weakened above R12 to the dollar again amid a lack of progress...
TOKYO - Global share markets remained shaky on Thursday as U.S. bond yields crept up towards four-year highs after U.S. congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion. While the deal was a rare display of bipartisanship that should stave off a government shutdown, it...
SYDNEY - Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout. While most analysts believed this week’s distressed selling looks to have run its course for the moment, allowing volatility to abate...
South African bonds firmed on Wednesday morning, as US treasuries and global equity markets rebounded from their recent precipitous fall. Local bonds benefited on Tuesday, but there has been some volatility in the market as internal ANC battles over the presidency continue. Reports on Wednesday suggested a nascent deal between President Jacob Zuma and ANC president...
SINGAPORE - Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street. Brent crude futures were at $66.91 per barrel at 0530 GMT, down...
JOHANNESBURG - South Africa’s rand was weaker early on Tuesday, hurt by a broad recovery in the dollar and locally by the political stalemate as the ruling African National Congress (ANC) said it would meet later in the week to discuss the president’s future. At 0640 GMT the rand was 0.16...
TOKYO - Oil prices on Monday extended declines from the end of last week amid a wider market sell off and a stronger dollar, with Brent crude falling to its lowest in nearly a month. Other markets dropped as investors were spooked by Friday’s payrolls report from the United States, which showed wages growing...
Western Cape farmers have recorded R14bn in losses so far, as a result of the crippling drought in the province, according to Agri Western Cape CEO Carl Opperman. Farmers have warned that the agricultural sector faces a jobs bloodbath, saying an estimated 50,000 people could be out of work soon. The...
South African bonds were mixed on Thursday morning as the rand lost some ground following the US Federal Reserve’s decision to keep interest rates unchanged. The US Fed was marginally more upbeat and hawkish on Wednesday. "It indicated that the economy is growing at a solid pace on the back of household spending,...
LONDON - Royal Dutch Shell could usurp its largest rival Exxon Mobil as the energy sector’s biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue. Chief Executive Ben van Beurden has made no secret of his desire to challenge the dominance...