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Most Read Today

RPT--China April industrial profit growth rebounds to 6-month high

03h10 Profits earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics (NBS) showed on Sunday, as factories benefited from higher prices and strong demand.  Full story

Oil prices fall as top 3 producers look to boost supplies

03h35 Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world's three top crude producers, Russia, the United States and Saudi Arabia.  Full story

Australia shares to slide; NZ down

00h13 Australia shares are expected to fall on Monday, with material and energy stocks set to decline on weaker oil and select base metal prices. Banks are inclined to dip, following weakness in Wall Street's index for financial stocks in the previous session on Friday. The share price ind  Full story

Most Read This Week

South Africa investigates $80 million bitcoin scam

25/05 South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialised, police said on Friday.  Full story

South Africa's finmin Nene says outlook for tax revenues unchanged

22/05 South Africa Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blow to the chances of reducing the budget deficit.  Full story

Crisis-hit Steinhoff repays $2.3 billion African debt

23/05 Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.  Full story


SA Business

South African rand dips ahead of S&P rating review, stocks rise

26/05 South Africa's rand weakened in cautious trade on Friday as investors took profits from a rally in the previous session ahead of a ratings review decision by S&P Global Ratings.. . .  Full story

Kenya moves to regulate fintech-fuelled lending craze

26/05 Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without. . .  Full story

S&P affirms South Africa rating, keeps stable outlook

26/05 S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still. . .  Full story

News Wire

Gold dips on revived hopes of U.S.-N.Korea summit

05h20 Gold prices fell on Monday on revived hopes of a U.S.-North Korea summit, while a strong dollar also weighed on the market. Spot gold was down 0.3 percent at $1,297.71 per ounce at 0243 GMT, while U.S. gold futures for June delivery fell 0.5 percent to $1,297.10 per ounce. "It  Full story

Indonesia's extra policy meeting to look ahead to Fed's June review - gov

05h18 The additional policy meeting that Indonesia's central bank has scheduled for Wednesday is a pre-emptive review ahead of the U.S. Federal Reserve's June meeting, Bank Indonesia's new governor said on Monday.  Full story

Oil sinks while stocks gain on North Korea, euro shaken by Italy

05h17 U.S. oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit.  Full story


Australia shares track lower on weaker commodity prices; NZ falls

04h46 Australian shares started the week lower on Monday with mining and oil stocks were pressured by weaker commodity prices while banks fell as the powerful Royal Commission inquiry into financial services resumed its work.. . .  Full story

Shanghai lead slips from 7-1/2-month top in holiday-thinned trade

04h02 Chinese lead futures retreated on Monday from their strongest level in nearly eight months, tracking losses in London in the prior session, as investors cashed in on the recent sharp gains.. . .  Full story

Smiths Group, ICU Medical in talks about medical division merger

27/05 British engineering firm Smiths Group Plc is in very early stage discussions about a potential combination of its medical division with U.S.-based ICU Medical Inc, the British group said on Sunday.. . .  Full story


LNG starts rally early, and it's mainly (but not only) China: Russell

04h45 The slack period for liquefied natural gas (LNG) in top consumer Asia is usually the shoulder season between winter and summer, or March to May, but this pattern hasn't really repeated this year.. . .  Full story

As clock ticks, doubts grow over Kinder Morgan's Canada oil pipe expansion

27/05 As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C$7.4. . .  Full story

Trump metals tariffs make Granite City great again, but at what cost?

27/05 After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at. . .  Full story


Nikkei sheds gains as falling oil prices drag on energy shares

04h51 Japanese shares gave up initial gains on Monday as a further slide in oil prices pulled down energy-related stocks, offsetting renewed hopes of a U.S.-North Korea summit next month.. . .  Full story

S.Korean prosecutors raid Samsung Sec office over fat finger trade

04h00 South Korean prosecutors searched Samsung Securities' head office as part of their investigation into the brokerage's recent fat finger error.. . .  Full story

China raises 28-day reverse repo rate by 5 bps, matching previous hikes

03h56 China's central bank raised interest rates on 28-day reverse bond repurchase agreements by 5 basis points (bps) on Monday, matching previous increases in other tenors in the last two months.. . .  Full story


Indonesian govt to improve state firms' leverage, governance - finmin

04h50 Indonesia's government plans to improve debt management and governance of its state-owned enterprises (SOEs) as part of several measures to maintain economic stability, Finance Minister Sri Mulyani Indrawati said on Monday.. . .  Full story

Euro crawls off 6-1/2-month lows, Italy tries to allay investor concerns

04h35 The euro crawled off a 6-1/2-month low against the dollar on Monday, catching its breath after Italy's president tried to allay investor worries about political unrest in the country, although the prospect of a near-term. . .  Full story

S.Korea stocks, won gain on revived N.Korea-US summit hopes

04h19 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index and the won rose on Monday after. . .  Full story


Fire broke out on onshore oil rig operated by Depthwize in Nigeria's Niger Delta -witnesses

26/05 A fire broke out on an onshore oil rig in Nigeria's Niger Delta on Saturday, three witnesses told Reuters, adding that the fire was still burning as of noon.. . .  Full story

Ivory Coast needs over $1 bln for reforestation strategy - minister

26/05 Ivory Coast will call upon donors as well as timber and cocoa companies to help finance a reforestation strategy it estimates will cost 616 billion CFA francs ($1 billion) over 10. . .  Full story

Ivory Coast needs over $1 bln for reforestation strategy

25/05 Ivory Coast will ask donors, timber firms and cocoa companies to help finance a reforestation strategy costing 616 billion CFA francs ($1 billion) over 10 years, the country's water and forests minister said on. . .  Full story


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