News Wire

South Africa's SAA to resume some regional flights, cancel domestic

14h42 Embattled South African Airways (SAA) said on Monday it would resume flights to six African destinations but cancel some domestic flights in the next two days, as not all unions had joined a strike over wages currently in its fourth day.  Full story

Tata Steel plans to cut up to 3,000 European jobs

21h06 Tata Steel plans to cut up to 3,000 jobs across its European operations, the company said on Monday, as the sector wrestles with excess supply, weak demand and high costs.. . .  Full story

Gold erases losses as U.S.-China trade hopes ebb

21h00 Gold edged up on Monday, erasing losses from earlier in the session as fresh doubts over a U.S.-China trade deal pushed Wall Street into the red. Spot gold. . .  Full story

Corn, soy slide on S.American weather, U.S.-China trade worries

20h59 U.S. corn futures hit a two-month low on Monday and soybean futures touched their lowest in seven weeks on forecasts for improving crop weather in South America and uncertainty about prospects for a U.S.-China. . .  Full story

U.S. blacklists companies, people for support of Islamic State

20h58 The United States on Monday imposed sanctions on four companies and two people operating in Syria, Turkey, the Gulf and Europe for providing financial and logistical support to Islamic State.. . .  Full story

Lawmakers urge U.S. government to tighten export controls amid China threat -document

20h58 Top Senate Democrat Chuck Schumer and Republican Senator Tom Cotton on Monday in a letter urged the U.S. government to swiftly issue rules to make it harder to export sophisticated technologies to China. . .  Full story

Wall St at record levels after U.S. extends Huawei reprieve

20h51 Wall Street's main indexes hit record highs on Monday as Washington's decision to grant an extension for U.S. companies to do business with China's Huawei helped ease some concerns around U.S.-China trade relations.. . .  Full story

T-Mobile CEO Legere to step down next year

20h48 T-Mobile US Inc Chief Executive Officer John Legere will step down next year, the company said on Monday, less than three weeks before it goes to trial to determine the fate of its planned. . .  Full story

Oil prices fall almost 2% on trade talks uncertainty

20h34 Oil prices fell almost 2% on Monday, erasing last week's gains and tumbling alongside U.S. stocks on uncertainty over a trade deal between the United States and China.. . .  Full story

Barrick seeks to eclipse $1.5 bln asset sales target, eyes more copper

20h15 Canadian miner Barrick Gold Corp is keen to top its $1.5 billion target for asset sales after shedding its half of the Super Pit gold mine in Western Australia, Chief Executive Officer Mark Bristow. . .  Full story

Africa retailer Jumia suspends e-commerce in Cameroon

20h08 Online retailer Jumia Technologies said on Monday it had suspended its e-commerce platform activities in Cameroon because they were "not suitable" for the African state.. . .  Full story

Mining trade group voices concerns on proposed tailings dam standards

20h00 The world's largest mining trade group said on Monday it has concerns with standards being considered for global tailings dam safety, especially how the new rules will apply to new and existing facilities.. . .  Full story

Warburg Pincus sells airline services firm Accelya to Vista

19h59 U.S. buyout fund Warburg Pincus said on Monday that it had clinched a deal to sell its European airline services firm Accelya to rival private equity fund Vista Equity Partners for an undisclosed amount.. . .  Full story

France plans new 1 GW offshore wind farm in Normandy

19h59 France wants to construct a wind farm off the coast of Normandy as the nuclear-dependent nation moves to expand power generation from renewable sources, the energy ministry said on Monday.. . .  Full story

Copper slips on uncertainty over U.S.-China trade war

19h56 Copper prices ended lower on Monday in response to doubts over whether a U.S.-China trade deal can be reached soon, possibly prolonging pressure on global growth and metals demand. A CNBC. . .  Full story

Italian police uncover Naples sweatshop linked to luxury groups

19h55 Italian authorities arrested the boss of a company in the southern city of Naples that employed dozens of undocumented workers allegedly making leathergoods for some of Europe's best-known luxury groups.. . .  Full story

European stocks end flat as defensive gains offset auto slide

19h51 European stocks ended flat on Monday as a spurt of defensive buying over uncertainty surrounding U.S.-China trade talks helped temper losses in the auto sector.. . .  Full story

U.S. growth outlook in 2020 improves despite trade risk -Fannie Mae

19h42 Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade. . .  Full story

Election polls thrust UK midcaps to 14-month high

19h36 UK mid-caps closed at their highest level in nearly 14 months on Monday, boosted by polls pointing to victory by the ruling Conservatives in upcoming elections, while a near 5% drop in insurer Aviva. . .  Full story

MSC hires ex-Maersk operations head Toft as CEO of cargo business

19h17 Swiss headquartered container group MSC has hired Soren Toft as chief executive of its shipping and logistics business from rival A.P. Moller Maersk , a company spokesman said on Monday.. . .  Full story

Major FirstGroup shareholders call for U.S. asset sale

19h02 Two major FirstGroup shareholders on Monday called for the British bus and train operator to sell its U.S. assets as part of a portfolio overhaul which already includes the planned sale of North American. . .  Full story

Sterling holds below $1.30 as Conservatives lead in polls

18h57 Sterling inched higher towards $1.30 Monday as the Conservatives lead in polls for Britain's general election, boosting the chances of Prime Minister Boris Johnson's withdrawal deal being passed by parliament before the Jan. 31 Brexit. . .  Full story

Tata Steel plans to scrap around 3,000 jobs in Europe -source

18h54 Tata Steel is planning to scrap around 3,000 jobs in Europe, a source with knowledge of the plans told Reuters on Monday.. . .  Full story

Kuwait PM declines reappointment, emir removes senior ministers

18h53 Kuwait's caretaker prime minister Sheikh Jaber al-Mubarak declined to be reappointed as premier on Monday, rebuffing an offer from the ruling emir after submitting the government's resignation last week.. . .  Full story

U.S. grants Huawei new 90-day license extension

18h44 The Trump administration on Monday issued a new 90-day extension allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd as U.S. regulators continue crafting rules on telecommunications firms that pose national. . .  Full story

Nornickel plans to cut dividends to boost investment

18h39 Norilsk Nickel has proposed cutting dividends as part of a plan to increase investment in projects that will boost output and cut noxious emissions, Vice President Sergey Dubovitsky said at an investor briefing in London. . .  Full story

Gulfport Energy to cut jobs, halt share buybacks

18h38 U.S. gas exploration and production company Gulfport Energy Corp on Monday confirmed that it would cut jobs, change its board and end its share buybacks, in a bid to reverse a slide in its. . .  Full story

Dollar slips, stocks ease on fresh doubts on trade deal

18h30 The dollar slipped and global equity markets traded little changed on Monday, halting a rally that lifted a key index to just under a new high, after a media report cast fresh doubts on. . .  Full story

Euro zone bond yields edge higher, trade war caution persists

18h29 Government bond yields in the euro area were a shade higher on Monday as stock markets rallied, with caution over U.S.-China trade talks continuing to support fixed income markets.. . .  Full story

Merkel, Scholz push back against demands for higher public spending

18h17 Chancellor Angela Merkel and Finance Minister Olaf Scholz on Monday brushed aside a rare joint demand from German businesses and unions that they "wake up" the stagnant economy by ditching the balanced budget policy and. . .  Full story

Former drug executive Shkreli's appeal denied by U.S. Supreme Court

18h05 Former pharmaceutical executive Martin Shkreli will remain in prison after the U.S. Supreme Court on Monday rejected his effort to overturn his conviction and seven-year sentence for securities fraud and conspiracy.. . .  Full story

Russia's Yandex proposes governance revamp to allay Kremlin fears

17h55 Yandex, Russia's biggest technology company, proposed on Monday setting up a "public interest foundation" to help oversee the business and assuage Kremlin fears about potential foreign influence.. . .  Full story

Paulson gives up opposition to reduced Callon-Carrizo deal

17h54 Callon Petroleum Co shareholder Paulson & Co said on Monday it would now not oppose the U.S. shale producer's purchase of smaller rival Carrizo Oil & Gas Inc , after the company last week. . .  Full story

Estonian FSA drops Swedbank probe, criminal investigation continues

17h54 Estonia's Financial Supervision and Resolution Authority said on Monday it was dropping an investigation into Swedbank's Estonia unit as the probe was now a criminal proceeding being handled by the country's prosecutor.. . .  Full story

Czech government approves digital tax aimed at internet giants

17h54 The Czech government approved a 7% digital tax proposal on Monday aimed at boosting state coffers by taxing advertising by global internet giants like Google and Facebook, the Finance Ministry said.. . .  Full story

South Africa's rand weakens, monetary policy in focus

17h45 South Africa's rand weakened on Monday, as cautious investors awaited clues on monetary policy from the local central bank and some of the world's major central banks, as well as developments in U.S.-China trade talks.. . .  Full story

Saudi airline flynas in talks to exercise Airbus A320neo options

17h43 Saudi airline flynas is in talks to exercise purchasing options, for some or all of 40 Airbus A320neo narrowbody jets, its chief executive said on Monday.. . .  Full story

Finnish airport workers' union calls one-day strike on Nov 25

17h40 The Finnish airport workers' union on Monday announced a one-day strike set for November 25 in solidarity with Finnish postal service employees who have been on strike for a week.. . .  Full story

Suedzucker closing Antwerp export office, focuses on EU

17h32 Suedzucker, Europe's largest sugar refiner, said on Monday it will close an export sales office in Antwerp, Belgium as part of its strategy to concentrate on business in the European Union market instead of sales. . .  Full story

Volkswagen cuts profit, sales forecasts as autos downturn bites

17h24 German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.. . .  Full story

The struggles of strike-hit South African Airways

17h23 South African Airways (SAA) says its future hangs in the balance after its workers went on strike to demand higher wages and protest planned job cuts which forced the state-owned carrier to cancel all. . .  Full story

Latam FX pares gains on uncertainty around U.S.-China trade

17h22 Latin American currencies firmed on Monday on hopes of a Sino-U.S. trade deal but pared some gains after a report that the mood in China was "pessimistic" about an impending resolution to the dispute.. . .  Full story

U.S. long-dated yields drop to two-week lows on trade uncertainty

17h21 U.S. long-dated Treasury yields fell to two-week lows on Monday, after a report triggered fresh doubts about a trade deal between the United States and China. Citing a government source,. . .  Full story

Swiss grain merchant Ameropa picks Bunge executive as next CEO

17h20 Swiss grain merchant Ameropa said on Monday it has appointed William Dujardin, a longstanding manager at Bunge, as its next chief executive.. . .  Full story

Corbyn effect? British utility debt boosted by nationalisation bet

17h16 British utilities are becoming increasingly popular with bond investors who believe their debt may benefit if a Labour government comes to power in December's general election and takes them into public ownership.. . .  Full story

Alibaba to close books early in $13.4 bln Hong Kong listing after strong demand -sources

17h10 Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.. . .  Full story

TSX eases from record high on U.S.-China trade deal uncertainty

17h04 Canada's main stock index snapped an 11-day winning streak to come off its record high on Monday after a report stated that the mood in China over a trade deal with the United States. . .  Full story

Yen gains as report casts doubts on trade deal

16h59 The safe haven Japanese yen gained on Monday after a media report dashed fresh hopes that the United States and China are close to reaching a trade deal. CNBC reported. . .  Full story

Novartis switches gears in Shanghai from research to drug development

16h51 Novartis is exiting drug discovery at its Shanghai site and shifting its focus to drug development, saying accelerating approvals in China are pushing the Swiss company to dedicate the operation's resources to getting its medicines. . .  Full story

Canadian dollar steadies ahead of key domestic data this week

16h48 The Canadian dollar was little changed against the greenback on Monday, pulling back from an earlier 10-day high as global trade optimism faded and domestic inflation data loomed later in the week that could. . .  Full story

Prosus says "core headline EPS" rose 3-9% in April-Sept

16h21 Prosus NV, the technology investment company that owns a large stake in China's Tencent, said on Monday that it expects a rise of between 3% and 9% in "core headline earnings per share" from continuing. . .  Full story

Baltic index touches 4-1/2 month low on sluggish vessel demand

16h19 The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a more than four-and-a-half month low on Monday, hurt by weaker rates across all vessel segments.. . .  Full story

German airline Hahn Air issues first blockchain-based tickets

16h12 German airline Hahn Air, which offers scheduled and charter flights within Europe, announced on Monday it has issued the first airline tickets enabled by blockchain technology, in partnership with Winding Tree, an open-source travel distribution. . .  Full story

Wall St set for weak open after report dents trade optimism

16h10 Wall Street's main indexes were set for a subdued open on Monday after a report stoked fresh fears over the possibility of a U.S.-China trade deal.. . .  Full story

Indonesia hopes for environmental nod soon for battery-grade nickel plants

16h09 Indonesia's coordinating minister who oversees mining said on Monday he hoped environmental impact studies for factories to produce battery-grade nickel chemicals would be completed by the end of the year.. . .  Full story

Global trade umpire: the next casualty of Trump's tariff war?

16h08 U.S. President Donald Trump has upended the global trade order with a slew of tariffs on economic rivals: now, Washington has redoubled its efforts to paralyse the very body designed to settle such disputes.. . .  Full story

Indian refiner Reliance's October imports up 3.7% yr/yr

15h55 India's Reliance Industries, owner of the world's biggest refining complex, imported about 3.7% more oil in October compared with the same month a year ago, according to data from shipping and industry sources.. . .  Full story

Indian refiner Nayara Energy's October oil imports dip 12% yr/yr

15h55 India's Nayara Energy Ltd, part-owned by Russian oil major Rosneft, imported 12% less oil in October from the same month a year earlier, according to data from the shipping industry and sources.. . .  Full story

India's October oil imports down 3.3% on year earlier - trade data

15h54 India imported about 4.56 million barrels per day (bpd) of oil in October, down nearly 3.3% from the same month a year ago, according to data from shipping and industry sources.. . .  Full story

Demonstrator contract for Franco-German fighter jet project expected by Jan

15h47 France and Germany have reached an agreement on their joint fighter programme and are expected to award a contract to demonstrate the validity of the planned technology by January, Dassault Aviation chief executive said on. . .  Full story

Investors step up pressure on global energy watchdog over climate change

15h38 Fatih Birol, the head of the International Energy Agency (IEA), faced renewed pressure on Monday from investors and scientists concerned about climate change to overhaul the agency's projections for fossil fuel demand.. . .  Full story

Vietnam lowers ceiling on deposit rates

15h36 Vietnam's central bank said late on Monday it will lower the ceiling on interest rates that banks can offer on dong deposits for 1-month and 6-month terms.. . .  Full story

Hong Kong's Best Mart 360 to keep stores open despite attacks

15h33 Best Mart 360's chairman said on Monday he would keep every one of the popular Hong Kong snack food chain's stores open, despite them being repeatedly damaged during anti-government protests.. . .  Full story

Nissan recalls nearly 400,000 vehicles over braking system defect (Nov. 16)

15h29 Japan's Nissan Motor Co Ltd has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire.. . .  Full story

Saudi's Sept crude oil exports fall 3% after attacks

15h23 Saudi Arabia's crude oil exports in September fell by 3% to 6.67 million barrels per day (bpd) from 6.88 million bpd in August, official data showed on Monday.. . .  Full story

HP down 5% after Xerox bid rejection, counter offer hints

15h12 Shares of HP Inc fell as much as 5% on Monday after the personal computer maker rejected a buyout offer from Xerox Holdings Corp, and indicated it might instead make its own offer to. . .  Full story

SoftBank to create $30 bln tech giant via Yahoo Japan, Line Corp deal

15h08 SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to compete more effectively with local rival Rakuten and U.S.. . .  Full story

UK lawmaker blames HSBC, Stanchart, Baroda in S.Africa corruption

15h07 Corruption under South Africa's former president Jacob Zuma was enabled by international banks, companies and governments which should now seek to recover the loot they helped to launder, British lawmaker Peter Hain told an inquiry. . .  Full story

Euronext, SIX Group square up for battle for Madrid bourse

14h45 Pan-European stock market operator Euronext and Switzerland's SIX sparked a bidding war for Spain’s Bolsas y Mercados Espanoles (BME) on Monday, with both trying to snap up one of Europe’s last standalone stock exchanges.. . .  Full story

ByteDance CEO urges TikTok diversification as U.S. pressure mounts - internal note

14h35 The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to an internal staff note seen by Reuters,. . .  Full story

United Bankshares to buy Carolina Financial for $1.1 bln

14h24 United Bankshares Inc said on Monday it would buy CresCom Bank parent Carolina Financial Corp in a deal valued at $1.1 billion, expanding its banking network in North and South Carolina.. . .  Full story

Oil price rally squeezes bears, but bulls keep powder dry: Kemp

14h17 Hedge fund managers continued to scale back short positions in crude last week amid receding fears of a global recession and increasing signs of a slowdown in U.S. oil production growth next year.. . .  Full story

Nigerian oil firm Seplat says CEO to retire in July

13h58 The chief executive officer of Seplat will retire in July and will be replaced by the chief financial officer, the Nigerian oil company said on Monday.. . .  Full story

Deutsche Bank more likely to consolidate at European level, deputy CEO says

13h54 Deutsche Bank is more likely to tie up with other banks at the European level, rather than at the national or global level, the lender's deputy said on Monday.. . .  Full story

Indonesia's competition watchdog looks into nickel sector after cartel complaint

13h54 Indonesia's anti-monopoly agency has begun a preliminary study of the country's nickel smelting sector, an agency official said on Monday, after a miners' association accused big nickel smelters of conducting a cartel.. . .  Full story

S.Africa's Astral Foods' profits hit by high feed costs, drought

13h48 South Africa's Astral Foods Limited said on Monday its full-year profits plunged by 55% after higher feed costs hit its poultry division, a decline it first warned about in October.. . .  Full story

Euro zone growth has stabilized, ECB stimulus working as intended: Vasle

13h43 Euro zone growth has stabilised and the European Central Bank's recent stimulus scheme is working as intended, even if markets may still need more time to fully grasp the scope of the package, Slovenian central. . .  Full story

Sri Lankan stocks jump to more than 1-year high, rupee up after Rajapaksa poll win

13h37 Sri Lankan shares jumped to their highest in more than a year in heavy volume, while the rupee rose to a two-and-half month high on Monday, after former wartime defence chief Gotabaya Rajapaksa won. . .  Full story

Sterling clocks up gains towards $1.30 on election optimism

13h16 Sterling inched higher towards $1.30 Monday on expectations the Conservative Party could win a majority in next month's election and finally push through parliament the Brexit deal agreed with Brussels, paving the way for Britain. . .  Full story

German economy to stagnate but no recession coming -Bundesbank

13h00 Growth in Germany, Europe's biggest economy, will remain weak in the fourth quarter but there is no reason to fear a recession and there are signs that prospects for its vast industrial sector may. . .  Full story

Parts with passports: how free trade drives GM's engines

13h00 Long before the pistons for General Motors Co V-6 engines reach the U.S. No. 1 automaker's Romulus, Michigan plant, they are seasoned international travelers.. . .  Full story

Qiagen shares surge as diagnostics group says open to takeover talks

12h56 Qiagen NV shares jumped to their highest in almost 19 years on Monday after the German genetic testing company said it would start talks with several potential suitors.. . .  Full story

Asia Distillates-Gasoil cash premiums edge higher

12h49 Asia's cash premiums for 10 ppm gasoil rose Monday, buoyed by a slight uptick in buying interest in the physical market. Cash premiums for gasoil with 10 ppm sulphur. . .  Full story

-Lebanon banking association agrees $1,000 weekly withdrawal cap - statement

12h48 The Association of Banks in Lebanon agreed a set of temporary directives for commercial banks including a $1,000 cap on weekly withdrawals from U.S. dollar accounts, the association said on Sunday, amid a worsening economic. . .  Full story

UK insurer Aviva to keep Singapore, China operations

12h44 British life and general insurer Aviva Plc will keep its operations in Singapore and China, it said on Monday, two days ahead of an expected strategy update and following speculation of a sale of. . .  Full story

China launches probe into steel capacity amid surging output

12h42 China has started investigating production capacity at its steel mills amid increasing worries about the rapid growth in output this year, according to a notice circulated online on Monday.. . .  Full story

Currencies weaker, stocks grind higher amid U.S.-China trade hope

12h40 Central European stocks pushed higher on Monday although currencies were on the back foot with investors cautiously awaiting developments in U.S.-China trade talks and watching a Hungarian interest rate decision on Tuesday where no change. . .  Full story

SE Asia Stocks-Singapore, Thailand rise on stimulus hopes; Philippines drops

12h40 Singapore and Thailand markets rose on Monday on hopes of stimulus measures following weak data from both countries, while other regions were mixed amid lack of concrete evidence on the progress in Sino-U.S. trade. . .  Full story

Poland aims to avoid rise in household energy prices - minister

12h39 Poland's government aims to avoid an increase in household energy prices, the newly appointed minister for state assets said on Monday.. . .  Full story

Russia says it has handed captured naval ships back to Ukraine

12h35 Russia's Ministry of Foreign Affairs said on Monday that Moscow had successfully handed three naval ships it captured last year back to Ukraine.. . .  Full story

Dutch forecasting agency sees GDP growth of 1.1% annually 2022-2025

12h28 The Netherlands' economic forecasting agency CBP said on Monday it expects GDP growth to slow to 1.1% annually for the 2022-2025 period, assuming nothing changes in the world economy or government policy.. . .  Full story

Appeals against Sofia Airport tender rejected-regulator

12h15 Bulgaria's competition regulator has rejected appeals against the transport ministry's decision to pick a consortium led by asset manager Meridiam to run and operate Sofia Airport, a posting on its website showed.. . .  Full story

Kremlin confirms Putin to take part in Ukrainian peace summit in Paris

12h11 The Kremlin confirmed on Monday that Russian President Vladimir Putin would take part in a four-way international summit in Paris on Dec. 9, an attempt to advance efforts for a peaceful resolution to the. . .  Full story

Fiscal stimulus needed to revive India's stuttering economy - analysts

12h10 India has depended on monetary policy to support its economy growing at its slowest pace in six years but the government must now deploy more direct fiscal stimulus or risk a long period of. . .  Full story

China anti-graft agency says Bank of Jilin's ex-chief under probe

12h04 China's anti-graft watchdog said on Monday the former chairman of Bank of Jilin Co is being investigated, according to a statement on the website of the Central Commission for Discipline Inspection (CCDI).. . .  Full story

Sterling hits $1.2960 on election optimism; short positions decline

12h04 Sterling rose above $1.2960 on Monday after Prime Minister Boris Johnson said that all Conservative Party candidates in the upcoming election have pledged to back his Brexit deal.. . .  Full story

Thai chief says 'very worried' about strength of baht

11h41 The strength of Thailand's baht is a concern for the trade-reliant economy that is expected lag the central bank's growth forecast for this year, the Bank of Thailand governor said on Monday.. . .  Full story

Stocks, currencies edge up on hopes of U.S.-China trade pact

11h41 Emerging market shares gained on Monday as China signalled it was prepared to act further to prop up a slowing economy, while hopes of a Sino-U.S. trade pact kept trading in most developing world. . .  Full story

IQE shares plunge as UK tech firm hit by trade turmoil

11h32 Shares in IQE Plc plunged around a quarter in value on Monday after the British technology company warned it would sink to an operating loss this year following a second cut to revenue expectations. . .  Full story

Chinese fertiliser maker halts production due to natural gas crunch

11h30 A Chinese fertiliser firm, Hubei Yihua Chemical Industry Co, halted production at a plant in northern China because of insufficient natural gas supply, the company said in a statement filed to the Shenzhen stock exchange. . .  Full story

Indonesia's revenue behind target in Jan-Oct, pressuring budget deficit

11h22 Indonesia reported a near flat income in January-October compared with the corresponding period a year earlier on Monday, as revenues from some taxes shrank, underlining the government's struggle to keep the budget deficit in check.. . .  Full story

South Africa's Netcare posts higher HEPS, forecasts hit to first-half

11h13 South Africa's Netcare Ltd said on Monday its first-half results for 2020 would take a hit from hospital network arrangements and reported higher full-year headline earnings per share, in line with. . .  Full story

Canada's De Havilland inks order for 20 turboprops; bets on Middle East, Africa

11h00 De Havilland Aircraft of Canada Ltd said on Monday it landed an order for 20 Dash 8-400 turboprops from lessor Palma Holding, as the planemaker bets on airline and energy sector demand in the. . .  Full story

Russia's Rusal faces tough market for aluminium even after sanctions dropped

11h00 Russian aluminium group Rusal has faced tough negotiations with clients over 2020 supply contracts as trade wars and an economic slowdown have created a. . .  Full story