NEWS feeds categorized by region. For a feed of all NEWS as it arrives, go to NEWS WIRE

Most Read Today

Whirlpool sees strong 2020 as profit beats on pandemic boost

00h13 Whirlpool Corp on Wednesday forecast a smaller drop in sales for the year and reinstated earnings targets after posting better-than-expected quarterly profit, as robust demand for home appliances helped it navigate the coronavirus crisis.  Full story

Dollar steadies above 7-week lows as markets await clarity on US stimulus

10h07 The dollar was steady above seven-week lows on Thursday, gaining some respite as hopes of a fiscal package in the United States ahead of the November elections crumbled once again.  Full story

Italian rail operator and Snam to study hydrogen for trains

21/10 Italian rail operator Ferrovie dello Stato (FS) has signed an agreement with Europe's biggest gas transport group Snam to study using hydrogen for its transport network.  Full story

Most Read This Week

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.  Full story

 

SA Business

South Africa's cabinet approves export tax on chrome ore

11h09 South Africa, the world's biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a cabinet statement on Thursday.. . .  Full story

South Africa's Q3 rebound not enough to trim budget deficits

09h24 South Africa's consolidated fiscal deficit is set to widen further than projected in June's emergency COVID-19 budget as a third-quarter rebound in economic growth will not boost tax receipts enough, a. . .  Full story

Anglo maintains output targets despite drop in Q3 output

09h08 Anglo American Plc on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and. . .  Full story
VIEW ALL

SA Company

MTN withdraws Supreme Court challenges against Ghana market regulator

13/10 South African mobile operator MTN's Ghana unit said on Tuesday it was withdrawing a legal challenge it had filed to the Supreme Court over the market regulator's move to designate it a significant market power.. . .  Full story

Unilever South Africa to pull all TRESemmé products for 10 days over 'racist' ad

10/09 Unilever has agreed to pull all its TRESemmé haircare products from South African retail stores for 10 days as a show of remorse for a "racist" ad, the consumer group said in a joint. . .  Full story

South African franchise restaurant chain Spur to further defer interim dividend payment

03/09 South African franchise restaurant chain Spur Corporation said on Thursday it will further defer payment of its 2020 interim dividend in order to preserve cash during the COVID-19 pandemic.. . .  Full story
VIEW ALL

Live News Wire

Bankinter's Q3 net profit falls 18%, bad debt provisions rise

11h14 Bankinter said on Thursday its third-quarter net profit fell 18% from the same period a year ago as the bank set aside more provisions to cope with worsening economic conditions in Spain as a result of the COVID-19 pandemic.  Full story

Hong Kong fines Goldman unit $350 million over 1MDB

11h12 Hong Kong's markets watchdog has fined Goldman Sachs (Asia) L.L.C. $350 million for its role in Malaysia's 1MDB scandal.  Full story

Sentiment sapped by COVID surge, stimulus stalemate

11h11 World shares slid to a two-week low on Thursday, and oil steadied after another heavy fall, as a surge in global COVID-19 cases and fractious U.S. stimulus talks kept financial markets cautious.  Full story
VIEW ALL

Europe

Prosecutors searched Germany's Continental in diesel emissions probe

11h06 German auto supplier Continental on Thursday said its premises in the German cities of Hanover and Regensburg were searched by prosecutors on Sept. 22 as part of an ongoing probe into emissions cheating devices.. . .  Full story

Russia finds traces of African swine fever in pork products in some regions

10h59 Russia's agriculture safety watchdog said on Thursday it had found traces of African swine fever in pork products in several regions, urging them to step up controls and make sure producers don't use ill. . .  Full story

FTSE 100 slips to 5-month low as British Airways, virus concerns weigh

10h56 London's FTSE 100 hit a five-month low on Thursday as glum quarterly reports from firms, including British Airways-owner IAG, weighed on sentiment ahead of a parliament address by finance minister Rishi Sunak on the. . .  Full story
VIEW ALL

US

Malaysia says allegations of forced labour in palm plantations is "old issue"

10h16 Malaysia said on Thursday it viewed U.S. allegations of forced labour in palm oil plantations as an "old issue" but it was willing to take appropriate action if needed.. . .  Full story

Norway's Safe union breaks off oil service wage talks

09h43 Wage negotiations between Norwegian oil service companies and the Safe labour union broke down on Thursday and will become subject to mandatory mediation later this year, union and industry officials said.. . .  Full story

Sika raises guidance as construction and automotive markets recover

09h09 Sika is seeing a "modest" upswing in construction markets, the Swiss chemicals maker said on Thursday while raising its full-year guidance.. . .  Full story
VIEW ALL

Asia

Hong Kong stocks inch higher as financials lend support

10h55 Hong Kong stocks ended marginally higher on Thursday, aided by gains in heavyweight financial firms.. . .  Full story

BOJ voices confidence over Japan's banking system, warns of risks

10h42 Japan's banking system remains stable as a whole and has sufficient buffers against risks, the central bank said in a semi-annual report, voicing confidence that domestic financial institutions can withstand the hit from the coronavirus. . .  Full story

Thai household debt levels to rise even further - c.bank gov

10h37 Thailand's household debt levels, already at the highest in 17 years, are expected to rise further, the central bank governor said on Thursday, as the coronavirus pandemic hammers its trade-and tourism-reliant economy.. . .  Full story
VIEW ALL

Forex

BoE's Haldane says UK spending "remarkably resilient"

11h05 British household spending has been "remarkably resilient" through the coronavirus pandemic, Bank of England Chief Economist Andy Haldane said on Thursday.. . .  Full story

Pernod Ricard says sales likely to suffer during second wave

10h48 French spirits maker Pernod Ricard doesn't expect sales to rise until next year as second-wave COVID-19 lockdowns are likely to hit its business heavily in the last three months of 2020, the company said. . .  Full story

Czech crown leads currencies lower as virus cases spike, shops close

10h34 Central European currencies extended losses on Thursday, with the Czech crown easing the most, by 0.4% versus the euro, after the government ordered most shops to close and tightened restrictions to curb the spread. . .  Full story
VIEW ALL

Africa

Sasol Says SSO Total Production Volumes For Q1 FY21 6% Higher Than Q1 FY20

08h22 Sasol Ltd:. . .  Full story

Anglo American Platinum Qtrly Refined PGM Production Owned Down 14% To 1,020,700 Oz

08h18 Anglo American Platinum Ltd:. . .  Full story

Taps and reservoirs run dry as Moroccan drought hits farmers

21/10 Two years of drought have drained reservoirs in southern Morocco, threatening crops the region relies on and leading to nightly cuts in tap water for an area that is home to a million people.. . .  Full story
VIEW ALL