Gold pushes higher as investors expect Fed will start to ease
Spot gold was 0.3% higher at $2 363.67 an ounce at 1:30 p.m. in Singapore.
View ArticleBitcoin falls to lowest since February even as stocks hit record
Bitcoin fell as much as 8.1% to hit the lowest since February, changing hands at about $54 190 as of 12:21 p.m. Friday in Singapore.
View ArticleGlobal equities climb to record before key US data: Markets wrap
Spot gold rose 0.3% to $2 363.86 an ounce.
View ArticleSamsung’s stock marks three-year high after profit leaps 15-fold
Reflecting a recovery in memory chip demand as AI development accelerates globally.
View ArticleShell sees up to $2bn writedown after biofuels delay
The decision to 'temporarily' halt the Dutch project will result in a non-cash post-tax impairment of $600m to $1bn, Shell said in a statement on Friday.
View ArticleGlencore coal deal approved by Canada as Teck plans buyback
Teck CEO Jonathan Price said the transaction with Glencore marked a new era as the company focused on metals for the energy transition.
View ArticleBeryl nears Mexico’s Yucatan Peninsula with hurricane winds
Beryl is about 40 miles (65 kilometers) east of Tulum, with maximum sustained winds near 110 miles per hour, the US National Hurricane Center said in a bulletin.
View ArticleOil near two-month high as equities soar and US stockpiles draw
Brent for September settlement was little changed at $87.38 a barrel at 10:14 a.m. in London.
View ArticleZimbabwe central banker’s mission impossible to save economy clocks 100 days
The ZiG was trading at 13.69 against the dollar on Friday, 1% lower than its April 8 debut.
View ArticleSouth Africa’s new environment minister focuses on $9.3bn pact
Accelerating the development of renewable energy facilities.
View ArticleCity of eThekwini pays millions for a handful of useless toilets and showers
A private company is charging the City R250 000 a month for 12 toilets and 12 showers at homeless shelters and hardly any of them are working.
View ArticleRamaphosa made practical choices for South Africa’s multi-party cabinet
How this will help him down the line.
View ArticleEskom may post R15bn annual loss, FT says
The outlook is brighter, though, as the cessation of load shedding may help the utility post a profit in the year through March 2025 for the first time since 2016, Dan Marokane said.
View ArticleBeryl regaining strength, on track to reach Texas as hurricane
The storm had top speeds of about 65 miles (105 kilometers) per hour, according a US National Hurricane Center forecast at 11 a.m. in New York.
View ArticleFive key charts to watch in global commodity markets this week
Hurricane Beryl left a trail of destruction through the Caribbean and Mexico’s Yucatan peninsula as it churned a path into the Gulf of Mexico.
View ArticleRamokgopa seeks nod for nuclear plant: Times
Ramokgopa hopes the nation’s Treasury will sign off on the plan by next month. A site is yet to be confirmed and various technical details are still being ironed out.
View ArticleGovernment reform is driving biggest returns in EM bond markets
Since the start of April, investors have started to more aggressively sell bonds from high-yielding countries where governments have loosened fiscal policies.
View ArticleBitcoin drops anew on fears of sales from Mt. Gox distributions
The cryptocurrency slid as much as 5.2% on Monday before paring some of the wobble to trade at $55 290 as of 12:13 p.m. in Singapore, some $19 000 below March’s record high.
View ArticleMaersk warns of extreme weather delays along South African coast
The conditions 'will impact vessel movement and operations' along the South African coastline, over the next few days, especially between Cape Town and Port Elizabeth, where the worst impact may occur,...
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