Monday, July 16, 2018
LONDON - European stocks edged higher on Monday, shrugging off the weekend’s fractious G7 meeting as investors looked forward to an event-packed week while receding tensions in Italy nudged the euro towards a recent three-week high. President Donald Trump’s rejection of a previously signed communique separates the United States from its...
Tongaat Hulett’s CEO, Peter Staude, should step down after the sugar producer’s "appalling" annual results, Investec says. "After 10 years of negative cumulative free cash flow, declining returns and nil cumulative earnings growth or share price appreciation, we think it is time for the CEO since 2002 to step aside,"...
WASHINGTON - A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd’s plan to take over rival Qualcomm Inc, according to three sources familiar with the matter. CFIUS, an opaque inter-agency panel, has been in touch with at least...
Kudzanai Sharara Listed entity National Foods has suspended the imports of one of its products, Better Buy pasta, as it tries to effectively utilise the limited forex resources, Group Chief Executive Officer Mike Lashbrook has said. Responding to emailed questions by Business Weekly, Lashbrook said the company is now prioritising foreign...
Greenback is being pushed down by rising geopolitical worries and a rallying euro. The dollar fell to its lowest level in more than 2 1/2 years yesterday, pushed lower by a rallying euro and rising geopolitical worries. The ICE Dollar Index, which measures the US currency against a basket of six...
HARARE – The United States does not have  authority to criticize the relationship that China has with African  countries and statements attributed to top Washington diplomat, Rex  Tillerson, advising against receiving Chinese loans are misplaced,  Russian Foreign Minister Sergey Lavrov said on Thursday. Tillerson, who is on a five nation African...
TOKYO - Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors’ nerves, already frayed by fears that U.S. tariffs could hurt the global economy and trigger a trade war. European stock futures point to a weaker start in Europe, with futures of Britain’s FTSE and...
BENGALURU — Gold prices were steady on Tuesday as the US dollar remained on the back foot, with the metal supported by festering concern about US-China trade tension. Spot gold was unchanged at $1,345.62/oz as of 3.22am GMT. "Despite a quietening of negative headlines overnight, its unlikely we’ve seen the last of China trade...
LONDON - A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world’s number two economy from trade tensions with the United States, while global stocks slipped to approach two-month lows. Equity futures signaled a weaker opening for Wall Street, with...
SYDNEY - The dollar hovered near 3-week highs on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal at a historic summit aimed at the denuclearization of the Korean peninsula. Trump said the process of denuclearization would happen “very, very...