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Most Read This Week

Yuan recovers lost ground on dollar weakness, Sino-U.S. trade talks in focus

03/12 China's yuan recovered lost ground on Tuesday morning from a near two-week low hit in the previous session, thanks largely to broad weakness in the greenback in overseas markets on worries about new fronts in the U.S. trade war. The dollar index, which measures the dollar's strength against six  Full story

 

SA Business

New mining waste dam rules should not be retroactive, says review chief

18h51 New global standards for mining waste dams should take into account the difficulties of making existing dams compliant, the chair of an independent panel of experts crafting the new rules said on Friday.. . .  Full story

South Africa's rand steady shielded by trade deal optimism

17h52 South Africa's rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.. . .  Full story

South Africa's power cuts may last the weekend if rain persists

15h46 Many South Africans could be without electricity this weekend if rain continues, state power utility Eskom said on Friday, after announcing it would cut up to 4,000 megawatts (MW) of power. . .  Full story
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SA Company

Unions up ante at South African Airways as finances approach crunch

20/11 Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to secure bank funding, a board member said.. . .  Full story

Capitec Bank Says Final Purchase Price Is R3,56 Bln For Mercantile Bank

31/10 Capitec Bank:. . .  Full story

Losses more than double at South African construction group Aveng

29/08 South African construction group Aveng on Thursday said its net operating loss more than doubled in the latest financial year, highlighting the challenges the company faces as it embarks on a turnaround strategy.. . .  Full story
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Live News Wire

Closing snapshot: NFPs add to positive trade war news

19h13   Full story

Austria's AMS succeeds in bid to take over lighting group Osram

19h02 Austrian sensor specialist AMS has succeeded with its 4.6 billion euro ($5.07 billion) takeover bid for German lighting group Osram at the second attempt, acquiring more than the 55% of shares required, it said on Friday without elaborating.  Full story

Eddie Stobart gets lifeline as shareholders back rescue deal

18h58 Eddie Stobart's shareholders on Friday voted in favour of a takeover from top investor DBAY Advisors, allowing the logistics company's green and red trucks to continue trading.  Full story
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Europe

As unions turn the screws, French PM says pension reform unavoidable

18h57 French Prime Minister Edouard Philippe said on Friday nationwide strikes in the public sector would not weaken his resolve to reform the pension system but promised workers would be spared a brutal transition to. . .  Full story

Deutsche Bank staffers cleared but bank fined in money laundering case

18h47 Frankfurt prosecutors have dropped an investigation into two Deutsche Bank employees accused of aiding tax evasion through a former Virgin Islands unit, although they have fined the lender for compliance lapses.. . .  Full story

FTSE 100 enjoys best day since July

18h45 Banks and miners propelled London's FTSE 100 to its best day in more than four months on Friday as optimism around the Sino-U.S. trade talks rose, but recent mixed signals on prospects of a. . .  Full story
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US

Citgo Petroleum quarterly profit rises 76% sequentially

18h56 Citgo Petroleum Corp's profit rose 76.2% in the third quarter from the second, helped by increased capacity, the company said on Friday.. . .  Full story

Additional output cuts pledged by OPEC+ oil producers

18h55 OPEC and non-OPEC oil producers agreed on Friday to deepen their oil output cuts in the first quarter of 2020. Below is a table showing the size of their additionl. . .  Full story

Bank of Canada Governor Stephen Poloz to step down when term ends next year

18h54 Bank of Canada Governor Stephen Poloz will step down when his mandate expires in June, the bank said on Friday, and the front-runner in the race to take his place could become the first. . .  Full story
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Asia

Saudi Aramco shares to start trading Dec. 11 - Tadawul exchange

14h59 Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.. . .  Full story

Asia Gold-India sees only modest demand from weddings, slight uptick in China

14h57 Demand for physical gold was moderate in India this week due to lower than usual wedding season buying, while top consumer China saw increased activity as wholesalers cleared out inventories into the year-end.. . .  Full story

Remembrance Lake: In Japan, climate change unravels 600 years of history held dear

13h57 Kiyoshi Miyasaka climbs the stone steps of his shrine, autumn leaves crunching under his feet. The Shinto priest, dressed in white, aims an orange leaf blower at a row of cobblestones and clears the. . .  Full story
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Forex

Stocks rally, dollar gains on robust U.S. jobs data

18h14 The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking. . .  Full story

Canadian dollar slides as jobs decline revives rate cut bets

16h34 The Canadian dollar weakened against its U.S. counterpart on Friday, paring some of this week's gains after data showing a surprise slump in domestic jobs raised expectations for a Bank of Canada interest rate. . .  Full story

Latam markets eye best week in more than one month on trade optimism

15h54 Latin American stocks rose on Friday amid continued optimism over Sino-U.S. trade talks, while regional currencies continued to benefit from sustained weakness in the dollar. U.S. President Donald Trump on Thursday. . .  Full story
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Africa

Geingob wins 56.3% of vote in Namibian presidential election - Electoral Commission

30/11 Namibia's incumbent President Hage Geingob has won 56.3% of the vote in the 2019 presidential election, the Electoral Commission of Namibia (ECN) said on Saturday.. . .  Full story

AfDB approves $210 mln loan for Nigeria's power transmission project

30/11 The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network.. . .  Full story

Kenyan shilling under pressure from end month importer demand

29/11 The Kenyan shilling was under pressure on Friday from end month dollar demand from merchandise importers and the energy sector, traders said. At 1003 GMT, commercial banks quoted the. . .  Full story
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