Rand firms ahead of local economic data, FOMC
In early trade the rand was at R18.75 to the dollar.
View ArticleBillionaire Geiger said to near $7bn L’Occitane buyout
A vehicle ultimately controlled by Geiger, L’Occitane’s chairman, already owns more than 70% of the company, exchange filings show.
View ArticleCocoa slumps on better mid-crop outlook and lower bullish bets
Cocoa fell 5.8% to $9 985 a ton in New York while London cocoa was down 7.3%.
View ArticleHeavy rains threaten China’s rice as extreme weather grips south
Low-lying fields face the risk of floods, which could affect growth of spring crops, the weather bureau said Monday.
View ArticleSA views BHP bid for Anglo as ‘normal market activity’– spokesperson
BHP is considering making an improved offer for Anglo American after its $39bn initial proposal was rejected by the London-listed miner, a source told Reuters last week.
View ArticleGold set to gain for third straight month ahead of Fed meeting
Spot gold was little changed at $2 334.96 an ounce at 9:27 a.m. in Singapore.
View ArticleGlencore sees yet another strong year for trading profits
Glencore said Tuesday it expects core profit from the trading unit of $3bn to $3.5bn this year.
View ArticleMusk’s fortune soars by most since before Twitter purchase
In the past five days, the world’s third-richest person has gained $37.3bn in net worth.
View ArticleRand weakens ahead of trade and budget balance data
In early trade the rand was at R18.70 to the dollar.
View ArticleTop Glencore shareholders favour keeping coal over spinoff
It’s not clear when and in what form Glencore might put the spinoff to a shareholder vote.
View ArticleAnglo American takeover price needs to surpass £30/share, survey shows
Anglo American shares are trading above the value of BHP’s rebuffed $39bn takeover proposal.
View ArticleZimbabwe keeps key rate in first meeting since ZiG debut
The monetary policy committee held the key rate at 20% after receiving positive market reaction to the new currency, Governor John Mushayavanhu said.
View ArticleHalf of all copper mining is at drought risk with climate change
At least 40% of global copper supply is produced from no more than three countries.
View ArticleGold pushes higher as Fed’s message and yen swings spur gains
Spot gold was up 0.3% to $2 326.03 an ounce at 9:07 a.m. in Singapore, as silver rose toward $27 an ounce.
View ArticleBitcoin slump triggers warning of ‘trouble ahead’ for global markets
The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX digital-asset empire imploded in November 2022.
View ArticleTurkey wants to join South Africa’s UN court case against Israel
South Africa filed its case at the ICJ in December.
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