Commodities face contagion as global market meltdown deepens
Copper settled down 1.8% on the London Metal Exchange after slumping as much as 3.8%, with aluminium also falling.
View ArticleJapan’s stocks rally more than 9% after plunge into bear market
'Panic selling may have run its course,' said Hideyuki Ishiguro, chief strategist at Nomura Asset Management.
View ArticleGold steadies after sharp selloff as stock markets stabilise
Spot gold was little changed at $2 414.32 an ounce by 11:19 a.m. in London.
View ArticleSouth Africa coalition saps accountability, opposition BOSA says
With a majority of lawmakers answering to the GNU, 'you might not have a strong-enough voice of accountability in parliament,' Nobuntu Hlazo-Webster, the deputy leader of Build One South Africa, said.
View ArticleCryptocurrencies claw back losses as Ether ETF investors buy dip
Bitcoin inched back to top $56 000 while second-ranked token Ether rose as much as 4.9% to more than $2 500.
View ArticleZimbabwe to unveil roadmap to dedollarisation, cabinet says
Zimbabwe is trying to shake off its heavy dependence on the dollar, which has been the centerpiece of most economic activity for the past 15 years.
View ArticleOil steady after risk-on gain
Brent for October settlement was little changed at $76.57 as of 11:59 a.m. in Singapore after adding 0.2% on Tuesday.
View ArticleLumen Technologies extends record rally on AI hopes
Stock closed 93% higher on Tuesday, the biggest jump on record to the highest value since February 2023.
View ArticleReddit sales forecast beats analysts’ expectations on growth
Current-quarter sales will be $290m to $310m, Reddit said Tuesday in a statement.
View ArticleEvergrande liquidators start legal action against PwC
The lawsuit was filed in March and recently made public.
View ArticleCampaign to extend Zimbabwean leader’s rule gains momentum
Mnangagwa told supporters in the eastern border city of Mutare last month that he won’t seek to stay on as the ruling party’s leader when his current mandate expires.
View ArticleSA’s unity government cheers investors, banking group says
Prospects of it being able to drive an economic recovery is helping bolster sentiment and investment.
View ArticleGlencore ceo sees cobalt glut lasting as long as two years
'Best guess is 18 to 24 months to work through the surplus,' Chief Executive Officer Gary Nagle told reporters.
View ArticleFed moving aggressively on rate cuts may spur PBOC to ease more
Gap narrows between China and US 10-year bond yields.
View ArticleBHP seeking buyer for gold, copper mines in Brazil
Taps Banco Santander for advisory on potential sale post-strategic review.
View ArticleWall Street engineers invent a new head-spinning options trade
The product is set to provide options on futures linked to an index that is itself based on options from another index.
View ArticleCrypto inches upwards again as Ripple ruling lifts mood
Bitcoin climbed by up to 4.5% following the company's order to pay a $125m penalty.
View ArticleFor golfers, digital distractions are worse when work-related: Study
The study gauged players’ performance, enjoyment of the round, and smartphone usage during play.
View ArticleThe unexpected winners and losers as markets went into meltdown
Here are some examples of what investors bought — or dumped — that might surprise.
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