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Most Read Today

HNA unit CWT Intl defaults on $179 mln loan, faces asset seizure

16/04 CWT International Ltd , a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.  Full story

Australian grocer Coles eyes $685 mln in savings, shares jump

02h29 Coles Group Ltd , Australia's second-biggest grocery chain, on Tuesday unveiled a plan to cut A$1 billion ($685 million) in costs over the next four years, as it looks to technology to offset rising labour and energy costs.  Full story

Brazil's Odebrecht files for bankruptcy protection after years of graft probes

01h42 Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America's largest-ever in-court debt restructurings.  Full story

Most Read This Week

ANC row over South African central bank unnerves investors

11/06 A row within South Africa's African National Congress (ANC) about the role of the central bank has unnerved investors and exposed deep divisions in the governing party.  Full story

Africa's MultiChoice warns of swing to full-year loss

10/06 MultiChoice Group, Africa's biggest pay-TV company, expects to swing to a headline loss this year, hurt by foreign exchange losses and a charge on a stake disposal at its South African business.  Full story

Rand slips on investigation into Ramaphosa campaign donation

13/06 South Africa's rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa's 2017 campaign for leader of the governing African National Congress (ANC) party.  Full story

 

SA Business

Congo court upholds suspension of Vodacom's 2G licence

17/06 A court in Democratic Republic of Congo on Monday upheld the government's suspension of the 2G telecoms licence of Vodacom Group's local unit, an official at the telecommunications ministry said.. . .  Full story

Primeserv final results March 2018

14/06 Revenue for the year increased to R806.7 million (R725.3 million) whilst gross profit was higher at R112.3 million (R107.0 million). Operating profit grew to R25.3 million (R22.3 million). Profit and total. . .  Full story

Brikor final results February 2019

14/06 Revenue for the year from continuing operations grew to R284.9 million (R273.1 million) whilst gross profit lowered to R58.0 million (R74.3 million). Operating profit before interest and taxation fell to R12.5. . .  Full story
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SA Company

South Africa's rand firms as focus shifts to Fed meeting, stocks fall

14/06 South Africa's rand firmed on Friday as domestic political concerns eased, with the focus of investors shifting to inflation data and the U.S. central bank meeting next week.. . .  Full story

South African AMCU union seeks $1,145 monthly basic wage in pay talks

14/06 South Africa's Association of Mineworkers and Construction Union (AMCU) will seek a monthly basic wage of 17,000 rand ($1,145) for its members when platinum pay talks get underway this month, its president said on. . .  Full story

South Africa's Omnia flags full-year loss

14/06 South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on. . .  Full story
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Live News Wire

BOJ to debate overseas risks at this week's rate review - Kuroda

03h56 Bank of Japan Governor Haruhiko Kuroda said the central bank's board would "certainly" discuss heightening overseas economic risks at a two-day rate review starting on Wednesday.  Full story

Philippine peso, S. Korean won strengthen

03h48 The following table shows rates for Asian currencies against the dollar at 0142 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 108.380 108.55 +0.16 Sing dlr 1.370 1.3706 +0.05 Taiwan  Full story

Gold holds steady ahead of Fed meeting

03h45 Gold held steady in early Asian trade on Tuesday as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates.  Full story
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Europe

Oil prices hold steady amid Mideast tensions, weak economic data

03h18 Oil prices steadied on Tuesday, caught between rising tensions in the Middle East and signs that economic growth is being hit by trade tensions between the United States and China.. . .  Full story

U.S. to send 1,000 additional troops to the Middle East

00h35 Acting U.S. Defense Secretary Patrick Shanahan announced on Monday the deployment of about 1,000 more troops to the Middle East for what he said were "defensive purposes," citing concerns about a threat from Iran.. . .  Full story

U.S. preparing to send more troops to Middle East-sources

00h09 The United States is preparing to send additional troops to the Middle East in response to mounting concerns over Iran, which Washington blames for attacks on oil tankers last week, two U.S. officials told Reuters. . .  Full story
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US

Soybean prices climb nearly 1%, hit more than 3-mth high

03h37 U.S. soybean prices rose nearly 1% on Tuesday to their highest in more than three months, pushed up after the U.S. Department of Agriculture said the pace of planting for the commodity was lagging. . .  Full story

Australian grocer Coles eyes $685 mln in savings, shares jump

02h29 Coles Group Ltd , Australia's second-biggest grocery chain, on Tuesday unveiled a plan to cut A$1 billion ($685 million) in costs over the next four years, as it looks to technology to offset rising labour. . .  Full story

Pfizer makes $10.6 bln cancer bet in cash deal for Array Biopharma

01h03 Pfizer Inc said on Monday it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline. . .  Full story
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Asia

China's May home prices up 0.7% m/m, touch ahead of April; rise 10.7% y/y

03h36 China's new home prices rose 0.7% month-on-month in May, picking up the pace slightly from a 0.6% gain the previous month, Reuters calculated from National Bureau of Statistics (NBS) data published on Tuesday.. . .  Full story

Darkening mood among Japanese manufacturers flags risks ahead - Reuters Tankan

01h00 . . .  Full story

Iran oil minister says oil market is 'fragile and unstable'- IRIB

17/06 The global oil market is “unstable and fragile”, Iranian Oil Minister Bijan Zanganeh told Russian Energy Minister Alexander Novak in a meeting in Tehran, Iran state broadcaster IRIB said on Monday.. . .  Full story
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Forex

Pound at 5-1/2-month low as Johnson leads, Aussie vulnerable

02h58 The British pound on Tuesday languished near this year's low on rising worries Boris Johnson, the front-runner to replace UK Prime Minister Theresa May, could put Britain on a path towards a dreaded no-deal. . .  Full story

GLOBAL MARKETS-Asia stocks capped ahead of Fed, oil on defensive

02h44 Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.. . .  Full story

China holdings of U.S. Treasuries in April skid to nearly 2-year low

17/06 China's holdings of U.S. Treasury bonds and notes for the month of April fell to the lowest level since May 2017, data from the U.S. Treasury department showed on Monday, highlighting an uncertain outlook on. . .  Full story
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Africa

From poo to food: Kenyan toilet waste key for new animal feed

17/06 Kenyan farmer Victor Kyalo's chickens have doubled the number of eggs they are laying. The reason: Human excrement.. . .  Full story

Zimbabwe inflation soars to 10-year high of 97.85% year/year in May

17/06 Zimbabwe’s annual inflation raced to a 10-year high of 97.85% in May from 75.86% the previous month, the national statistics agency Zimstats said on Monday.. . .  Full story

Kenyan parliament will block repeal of rate cap, lawmaker says

17/06 Kenya's parliament will block an attempt to repeal a cap on commercial lending rates, the lawmaker who sponsored the law imposing the cap said on Monday.. . .  Full story
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