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SA Business

African Markets - Factors to watch on Sept. 28

06h05 . . .  Full story

South African rand ends stronger, receding Evergrande fears help

27/09 The South African rand ended stronger after a volatile day of trading on Monday, helped by receding fears of widespread market contagion from indebted Chinese developer Evergrande.. . .  Full story

South African Markets - Factors to watch on Sept. 27

27/09 . . .  Full story
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SA Company

Prosus/Naspers: The Exchange Offer Declared Unconditional

13/08 Prosus NV:. . .  Full story

Riots cost South Africa's SA Corporate Real Estate $38 mln

10/08 South Africa's SA Corporate Real Estate put an estimate of 558.243 million rand ($37.7 million) on Tuesday on the total cost of damage to its properties and loss of income after recent looting and vandalism.. . .  Full story

S.Africa's AngloGold shares slide as pandemic hits earnings

06/08 Shares in AngloGold Ashanti slumped more than 10% on Friday after it trimmed its 2021 production estimate and posted a 10% drop in headline first-half earnings due to the impact of the COVID-19 pandemic and. . .  Full story
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Live News Wire

Asian markets broadly down; S.Korean won, Thai baht lead currencies lower

07h15 Asian emerging market currencies and stocks were broadly lower on Tuesday amid concerns about China's economic outlook, with the South Korean won and the Thai baht leading losses as a rally in oil prices weighed on the region's net importing nations. The Thai baht weakened 0.3% ahead of the cou  Full story

Asia's crude oil imports set for soft September: Russell

07h10 Asia's crude oil imports are set to decline for a second month in September as the world's top-importing region continues to lag the demand recovery in other parts of the world.  Full story

Indonesia parliament committee approves govt's $190.4 bln 2022 budget

07h09 Indonesia's parliamentary budget committee on Tuesday approved President Joko Widodo's 2022 budget with a total spending of 2,714.2 trillion rupiah ($190.40 billion) and 4.85% of GDP deficit, committee chair Said Abdullah said.  Full story
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Europe

Shanghai tin slips from record high on China demand worries

06h41 Shanghai tin prices dropped on Tuesday from record highs hit in the previous session as growing power cuts in top consumer China sparked worries over downstream demand.. . .  Full story

Gold ekes out gains but firm dollar, bond yields hit appeal

05h54 Gold prices edged higher on Tuesday, buoyed by concerns over the possible fallout from debt-laden developer China Evergrande's crisis, though a firm dollar and gains in U.S. Treasury yields kept the safe-haven metal in. . .  Full story

Oil extends rally into 6th day on tight supply, Brent hitting 3-yr high

05h04 Oil markets rose on Tuesday, reversing earlier losses and extending their rally into a sixth session, amid continued concerns over tight supply at a time when demand is picking up with the easing of. . .  Full story
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US

Boeing and GAMECO to set up two 767 freighter conversion lines in China

06h57 Boeing Co and Guangzhou Aircraft Maintenance Engineering Co Ltd (GAMECO) will establish two 767 freighter-conversion lines next year, company executives said on Tuesday, citing high air cargo demand.. . .  Full story

China energy crunch triggers alarm, pleas for more coal

06h37 As a severe power crunch roils China's northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open. . .  Full story

Two-year yield jumps as traders brace for rate hikes

05h38 Two-year Treasury yields surged on Tuesday to 18-month highs as investors priced in the prospect of rising cash rates and the risk of persistent inflation, forcing the U.S. government to pay more to sell. . .  Full story
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Asia

China, HK shares rise as real estate stocks jump on cenbank promise

06h55 Chinese shares rose on Tuesday, led by real estate stocks, after the central bank pledged to protect consumers exposed to the housing market, while Hong Kong gained as property and tech shares rebound.. . .  Full story

China's industrial profit growth slows for sixth month in Aug

06h41 Profits at China's industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, COVID-19 outbreaks and shortages of some. . .  Full story

Thai industry group scales down tourism forecast, says 3 mln jobs lost

06h24 Foreign visitors in Thailand are expected at about 280,000 this year, down from half million projected earlier, a private tourism group said on Tuesday, as the country suffers a prolonged coronavirus outbreak.. . .  Full story
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Forex

COLUMN-Hedge funds score taper trade hat trick: McGeever

07h00 Ahead of the Fed's policy meeting last week, hedge funds sold Treasuries, positioned for a steeper 2s/10s yield curve, and increased their bullish bets on the dollar.. . .  Full story

China's yuan inches up, worries over economic recovery cap gains

06h59 Helped by a firmer daily fixing, the yuan strengthened marginally against the dollar on Tuesday, although several investment banks cut economic growth forecasts for China. Goldman. . .  Full story

Japan's Aso urges joint monetary, fiscal policies to spur inflation

06h20 Japanese Finance Minister Taro Aso called on Tuesday for a combination of monetary and fiscal policies to help boost inflation towards the Bank of Japan's 2% inflation target, saying easy money policy has its. . .  Full story
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Africa

Zimbabwe September inflation ticks up to 51.55% y/y - Zimstat

27/09 Zimbabwe's consumer inflation rate rose to 51.55% year on year in September compared with 50.24% in August, national statistics agency Zimstat said on Monday.. . .  Full story

Heavy rains leave Ivory Coast cocoa farmers split on harvest outlook

27/09 As heavy rains persisted across Ivory Coast's cocoa-growing regions last week, farmers polled by Reuters were divided on whether moisture levels would help the October-to-March main crop or nurture a crop-killing fungal disease.. . .  Full story

Bank of Ghana holds key interest rate at 13.5%

27/09 Ghana’s central bank on Monday kept its main interest rate unchanged at 13.5% with concerns over rising inflation balanced out by optimistic Covid-19 recovery forecasts, Governor Ernest Addison said in a statement.. . .  Full story
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