Oil holds hefty advance on OPEC+ deal progress, Iran sanctions
Brent for February settlement climbed 0.1% to $73.67 a barrel at 12:03 p.m. in Singapore.
View ArticleGold settles after turmoil in Korea, France stokes haven buying
Spot gold was little changed at $2 643.28 an ounce as of 8:10 a.m. in Singapore.
View ArticleZimbabwe’s central bank retains Africa’s highest interest rate at 35%
'To ensure that inflation expectations remain well anchored, the MPC resolved to maintain the current tight monetary policy stance,' he said.
View ArticleBitcoin churns near $96 000 as crypto awaits Trump’s next step
The largest digital asset traded at about $96 000 in early Asian trading on Wednesday, following a more than 40% advance since Trump’s November 5 election victory.
View ArticleEx-Celsius CEO Mashinsky pleads guilty in crypto fraud case
Mashinsky, 59, was charged last year with artificially inflating the price of his platform’s CEL token in a bid to attract customers, generating $42m in personal profits.
View ArticleMeta seeks new nuclear reactors to run US data centers
Meta is racing to line up clean energy to meet the massive electricity needs of its artificial intelligence ambitions.
View ArticleDelaware judge who rejected Musk’s Tesla payday faces backlash
Spotlighting the pressure that comes with ruling against the world’s richest person.
View ArticleChina’s trade reprisals may extend to minerals like rare earths
Beijing’s latest restrictions were imposed after the White House on Monday slapped fresh curbs on the sale to China of high-end memory chips made by US and foreign companies.
View ArticleSA farm lobby starts review of agriculture data after shock slump
The nation’s economy unexpectedly contracted 0.3% in the third quarter, after the agriculture sector slumped 28.8%, according to a report released by the statistics agency Tuesday.
View ArticleConflict, climate and contagion have left 40m hungry in Congo
'It’s a cocktail of conflict, climate and contagion that’s come to the eastern Democratic Republic of Congo,' said Peter Musoko.
View ArticleSA Rugby says it risks collapsing without equity deal
The proposed deal with Ackerley, which will be voted on this week, has caused a storm of controversy and a string of front-page headlines.
View ArticleSouth African Airways pilots to start strike over pay Thursday
After talks with the airline over a pay increase failed.
View ArticleCrypto trading volume surged to $10trn for the first time in November
The combined volume doubled last month.
View ArticleGold bulls’ ranks swell as Macquarie hoists 2025 forecasts
Prices are set to average $2 650 an ounce in the first quarter of 2025, Macquarie said.
View ArticleIMF’s internal watchdog critiques handling of largest loans
The auditor also determined that the loans weren’t effective at catalysing private sources of financing for the borrowers, one of the primary reasons for a country with troubled finances to seek...
View ArticleTikTok shop triples Black Friday sales, topping $100m
TikTok Shop, the app’s e-commerce feature, also drew a 165% annual increase in shoppers for the two days between Black Friday and Cyber Monday, the company said.
View ArticleSA current-account gap at 1% of GDP beats estimates
'We now forecast a modest narrowing of the current account deficit from 1.6% of GDP in 2023 to 1.3% of GDP in 2024, given the weaker performance of the economy,' Goldman Sachs Group economist Andrew...
View ArticleBonds gain as investors wait for new PM
Markets had been expecting the ouster so the reaction was muted, with traders mostly adjusting positions and closing out wagers.
View ArticleNasa delays first moon landing in more than 50 years to 2027
The round-trip mission is part of a step-by-step plan to land humans back on the moon at some point this decade.
View ArticleSouth African Rugby gets rival R6.7bn rights bid, BD says
AltVest Capital, EasyEquities, 27four Investment Managers and RainFin expressed interest in buying as much as 40% of the rights through a entity called Saru Commercial Rights.
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