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Most Read Today

China July rare earth magnets exports to U.S. rise 26% y/y

01h00 China's exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products in the Sino-U.S. trade war.  Full story

China July soy imports from U.S. up threefold as cargoes booked during truce arrive

01h00 China's July soybean imports from the United States jumped threefold from the previous year, customs data showed on Sunday, as cargoes booked by Chinese state firms during a trade truce arrived. China, the world's top buyer of soybeans, brought in 911,888 tonnes of the oilseed from the United St  Full story

COLUMN-Trump must choose between economy and trade war: Kemp

01h01 The White House is becoming increasingly volatile and erratic in its pronouncements about the economy and trade as the internal contradictions between its policies become obvious.  Full story

Most Read This Week

South Africa to roll out sweeping health reform in stages

23/08 A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion per year by 2025/26.  Full story

South Africa's Harmony Gold eyes potential in AngloGold Ashanti assets

20/08 South Africa's Harmony Gold is interested in many projects including AngloGold Ashanti's Mponeng operations, CEO Peter Steenkamp said on Tuesday.  Full story

South Africa to consider new nuclear in affordable way

20/08 South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said on Tuesday.  Full story

 

SA Business

Splitting South African power firm could take 4 years

24/08 The legal separation of South African state power firm Eskom into three business units could take four years in total, the company said in an internal presentation seen by Reuters.. . .  Full story

South Africa pledges fiscal discipline in sweeping health reform

23/08 A proposed switch to universal health coverage in South Africa will be managed in a fiscally responsible way, a senior presidential aide told Reuters, forecasting the landmark reform would cost the. . .  Full story

Randgold interim results June 2019

23/08 . . .  Full story
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SA Company

South Africa's rand firms on weaker dollar after Fed chair speech

23/08 South Africa’s rand firmed to a two-week high on Friday as the dollar slipped after U.S. Federal Reserve Chair Jerome Powell set the stage for further interest rate cuts.. . .  Full story

South Africa to roll out sweeping health reform in stages

23/08 A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion. . .  Full story

Naspers Announces Shareholder Approval Of Plan To List International Internet Assets On Euronext Amsterdam

23/08 Naspers Ltd:. . .  Full story
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Live News Wire

Yen surges, offshore yuan tumbles as trade war intensifies

01h30 The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and darkened the global economic outlook.  Full story

Australia's Fortescue annual profit triples on soaring iron ore prices

01h15 Fortescue Metals Group on Monday said its annual profit tripled and upped its dividend, helped by robust output and soaring iron ore prices amid a supply crunch.  Full story

COLUMN-Trump must choose between economy and trade war: Kemp

01h01 The White House is becoming increasingly volatile and erratic in its pronouncements about the economy and trade as the internal contradictions between its policies become obvious.  Full story
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Europe

Asian refiner profits hammered by free-fall in fuel oil margins

01h00 Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulphur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year.. . .  Full story

Trump caught off guard as Iran's Zarif visits G7 summit town

25/08 Iran's foreign minister paid a visit to a G7 summit in France on Sunday, an unexpected twist to a meeting already troubled by differences between U.S. President Donald Trump and Western allies over a. . .  Full story

Trump regrets not raising tariffs on China higher, White House says

25/08 President Donald Trump wishes he had raised tariffs on Chinese goods even higher last week, the White House said on Sunday, even as Trump signaled he did not plan to follow through with a. . .  Full story
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US

China July rare earth magnets exports to U.S. rise 26% y/y

01h00 China's exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products. . .  Full story

China July soy imports from U.S. up threefold as cargoes booked during truce arrive

01h00 China's July soybean imports from the United States jumped threefold from the previous year, customs data showed on Sunday, as cargoes booked by Chinese state firms during a trade truce arrived.. . .  Full story

U.S. equity futures reopen lower, U.S.-China trade relations at new low ebb

00h21 U.S. stock index futures dropped when electronic trading resumed on Sunday, with trade relations between the United States and China appearing to reach a new low on Friday, sending Wall Street into a selling. . .  Full story
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Asia

China's Sinopec H1 profit falls 25% y/y over thin refining margins

01h00 China Petroleum and Chemical Corp, or Sinopec Corp , reported a 24.7 percent drop in earnings in the first half of 2019 on Sunday, dampened by rapid growth of domestic refining capacity and waning demand. . .  Full story

Africa Finance Corporation approves $230 mln loan for Nigeria's 9mobile

25/08 The Africa Finance Corporation has approved a $230 million loan for Nigerian telecom company 9mobile, the firm said on Sunday.. . .  Full story

Saudi index drops amid global weakness, Aldar tumbles in Abu Dhabi

25/08 Most Middle East markets dropped on Sunday amid thin trading volumes, mirroring a tumble in global stocks last week and weighed down by sliding oil prices. Brent crude futures fell. . .  Full story
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Forex

Asia shares shaken, yen jumps on China-U.S. trade jitters

00h38 Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbour of. . .  Full story

DOLLAR/YEN EXTENDS DECLINES IN ASIAN TRADING, FALLING MORE THAN 0.8%

00h27 . . .  Full story

Czech central banker sees stable rates through 2020 -paper

25/08 The Czech National Bank's (CNB) Vice-Governor Tomas Nidetzky sees stable interest rates through 2020 as inflation pressures from the domestic economy are balanced by foreign markets slowing down, he said in an interview.. . .  Full story
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Africa

Zambia introduces maize price cap to keep it affordable

25/08 Zambia has introduced a cap on the price of maize to keep the staple food affordable, sparking protest from commercial farmers who accused the government of bringing back price controls.. . .  Full story

Tanzania central bank threatens hefty fines for lenders over data compliance

25/08 Tanzania's central bank has given banks and financial institutions three months to establish data centres in the East African nation, saying it will impose hefty fines on lenders that fail to. . .  Full story

South Sudan makes minor oil discovery, first since independence

22/08 South Sudan has made a small oil discovery in Northern Upper Nile State, its first since independence in 2011 when exploration was interrupted by war and instability, the oil minister said on Thursday.. . .  Full story
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