Monday, July 16, 2018
LONDON - World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket .DXY, Wall Street...
WASHINGTON/BEIJING - U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated. Trump’s latest move, as Washington fights trade battles on several fronts,...
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...
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...
About two thirds of South Africa’s GDP now consists of contributions from the services sector, which ranges from banks and insurance companies to tourism, hospitality and personal services. This means that policymakers, industry leaders, lobbyists and small business owners should all be concerned about the sector’s potential to fix...
LONDON - World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany,...
U.S. stock index futures rose on Wednesday, with Wall Street’s renewed interest in technology stocks poised to push the Nasdaq to another record high amid signs of easing trade tensions. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2018. REUTERS/Brendan McDermid China’s...
LONDON - World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index. MSCI’s global tech index scored the milestone...
LONDON - World stocks rose and bond yields fell on Friday as investors welcomed an apparent end to a political crisis in Italy, although prospects of a full-blown trade war put a dampener on gains. The MSCI All-Country World index, which tracks shares in 47 countries, rose 0.2 percent. It was set...
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,"...