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. . .  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

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

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

17/06 A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new. . .  Full story

Bah humbug! Trump's plan for more China tariffs to hit festive shoppers

17/06 This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs,. . .  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

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

Sotheby's snapped up by French tycoon Drahi for $3.7 bln

17/06 Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion, marking the art auction house's return to private ownership after 31 years.. . .  Full story

Betting the house: investors demand higher premiums for risky Australian mortgage bonds

03h00 Investors in Australian mortgage bonds are demanding higher premiums to buy the riskiest tranches of new debt, as a slowing economy stokes concerns a property downturn could get worse and increase home loan defaults.. . .  Full story

Australia home loan arrears not yet a threat - RBA

01h15 Arrears on Australian housing loans are likely to keep rising for a while longer, a top central banker said on Tuesday, but should not pose a risk to financial stability or the economy as. . .  Full story

Most Read Yesterday

China hikes anti-dumping duties on some U.S., EU steel tubes and pipes

14/06 China said on Friday it was raising anti-dumping duties on certain alloy-steel seamless tubes and pipes used at utilities and imported from the United States and the European Union.. . .  Full story

In race to digitise, skills gap a drag on South Africa's big banks

14/06 A severe shortage of computer skills in South Africa has left its major banks fighting over a limited pool of people with the skills they need to upgrade technology platforms and. . .  Full story

Faith in the Fed nudges Wall Street higher

17/06 Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this. . .  Full story

Trump says 'Iran did do it,' as U.S. seeks support on Gulf oil tanker attacks

14/06 The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to shipping, despite Tehran denying involvement. . .  Full story

Copper recovers as China output falls, strike hits mine

17/06 Copper prices recovered on Monday, boosted by a mine strike and weak Chinese output, but other industrial metals were pressured by nervousness about the damage to growth and demand from the U.S.-China trade dispute.. . .  Full story

Stocks, yields dip with Fed meeting on tap

17/06 A gauge of global stock markets dipped slightly on Monday after a mostly strong month and benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the United. . .  Full story

Dollar steady ahead of Fed meeting; low chances of June rate cut

17/06 The U.S. dollar was roughly unchanged on Monday, hovering near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy. . .  Full story

Gold slips as rate cut expectations ease ahead of Fed meet

17/06 Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session on upbeat U.S. economic data that dampened expectations the Federal Reserve could ease interest rates.. . .  Full story

Australia's Vocus tumbles after AGL backs out of offer for second time

17/06 Australia's AGL Energy Ltd withdrew a proposal to buy Vocus Group on Monday, just days after it offered A$3.02 billion ($2.08 billion) for the telecoms firm, knocking Vocus shares down by a third.. . .  Full story

Most Read This Month

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  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

Old Mutual CEO exits in 'conflict of interest' board dispute

24/05 Old Mutual's chief executive left on Friday after what South Africa's second-biggest insurer described as a "breakdown in trust" with Peter Moyo, who cited a disagreement over how it should engage. . .  Full story

Latest low-fee, digital accounts shake up South African banking

21/05 South Africans were offered low-fee, digital accounts by two "traditional" banks this week in a sign of how competition from a new breed of cheaper, online-only rivals is driving change in the $30 billion. . .  Full story

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

South Africa's FirstRand cuts fees as 'war' with new rivals escalates

30/05 FirstRand is to become the latest South African lender to slash prices on its retail banking products, as the arrival of a host of new, cheaper rivals sparks a scramble for customers among South African. . .  Full story

Sasol raises cost estimate for U.S. plant by around $1 bln

22/05 Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its. . .  Full story

Sygnia interim results March 2019

03/06 Revenue for the interim period rose to R229.3 million (R207.3 million) whilst profit from operations decreased to R63.9 million (R70.3 million). Total profit and other comprehensive income for the period also. . .  Full story

South African Airways requests urgent state funding as it appoints interim CEO

07/06 South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs 4 billion rand ($265 million) from the government to survive the current. . .  Full story

Stor-Age final results March 2019

11/06 Property revenue for the year increased to R524.4 million (2018: R310.2 million), operating profit rose to R352.5 million (2018: R218.4 million), profit attributable to shareholders of the company fell to R257.6. . .  Full story

China's East Hope Group considers $10 bln investment in UAE

26/05 China’s East Hope Group is evaluating plans to invest $10 billion in an industrial zone in the United Arab Emirates, joining other Chinese companies, seeking a slice of China’s Belt and Road initiative. Chinese companies. . .  Full story

South Africa's rand falls as ANC squabbles over central bank

06/06 South Africa’s rand fell early on Thursday to its lowest this year as a dispute within in the ruling African National Congress over the central bank weakened demand.. . .  Full story

South Africa's Telkom cuts 12.5% jobs, mobile boosts profit

27/05 South Africa's Telkom SA has cut 12.5% of the group's permanent jobs, it said on Monday after posting a 22.6% surge in full-year earnings as upbeat performance in its mobile business. . .  Full story

Securities trading in South African sugar producer Tongaat suspended

10/06 Trading in South African sugar producer Tongaat Hulett's securities on the Johannesburg Stock Exchange and London Stock Exchange was suspended on Monday after a delay in the publishing of its financial statements and a review. . .  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). . .  Full story

Sugar producer Tongaat warns of potential hit to 2018 results

31/05 South African sugar producer Tongaat Hulett's said on Friday its 2018 results could face a potential hit of up to 4.5 billion rand ($306.38 million) following a review of its accounting practices.. . .  Full story

S.African government sued over coal and industrial air pollution

10/06 South Africa's government has failed to tackle high air pollution levels in an area which is home to coal-fired power stations and refineries, a lawsuit filed by environmental and community groups says.. . .  Full story

Naspers to list businesses that hold Tencent stake on Euronext

29/05 South African conglomerate Naspers plans to float consumer internet businesses with assets valued at more than 100 billion euros ($112 billion) on the Euronext stock exchange in Amsterdam on July. . .  Full story

Naspers - trading statement

12/06 Shareholders are advised that the Naspers group ("the group") is finalising its provisional report and consolidated annual financial statements for the year ended 31 March 2019. During the current year the group. . .  Full story

Reinet final results March 2019

21/05 Total income for the year increased to EUR269 million (EUR262 million). Loss attributable to shareholders came to EUR145 million (loss of EUR843 million). Furthermore, headline loss per share came to EUR0.74. . .  Full story

ANC rifts behind push for new South African central bank mandate

07/06 A row within South Africa's ruling African National Congress (ANC) party about the role of the country's central bank is unnerving investors because it is being driven by bitter factional battles. . .  Full story

Spur - cautionary announcement

03/06 Shareholders are advised that the company has entered into negotiations with its black economic empowerment shareholder, Grand Parade Investments Limited, regarding a transaction involving the company's securities, which if successfully concluded,. . .  Full story

MTN to open 'market place' in step towards Africa's biggest bank goal

28/05 South Africa's MTN on Tuesday revealed plans to build a "market place" app where customers will be able to buy everything from insurance to washing machines as it seeks to build its mobile money. . .  Full story

South Africa's manufacturing jumps to best in over 2 years as power woes ease

11/06 South Africa's manufacturing grew much more than expected in April as production of cars, electronics, metal products and furniture jumped, providing the first glimmer of hope for an economy mired in. . .  Full story

Huge final results February 2019

03/06 Total revenue for the year rose to R432.7 million (2018: R401.4 million). Gross profit grew to R257.3 million (2018: R224.5 million). Operating profit shot up to R122 million (2018: R113 million).. . .  Full story

South African central bank row exposes ANC divisions

06/06 A row centring on the South African central bank exposed deep divisions in the governing ANC party on Wednesday, as a faction loyal to President Cyril Ramaphosa opposed calls from a. . .  Full story

South Africa's ANC insists policy on central bank role has not changed

06/06 South Africa's ruling African National Congress (ANC) said on Thursday its policy on the role and independence of the central bank had not changed, following a public spat between senior officials. . .  Full story

South African drugmaker Aspen in talks with potential European partner

22/05 South African drugmaker Aspen Pharmacare said on Wednesday it is in talks with a potential partner in Europe after announcing in March a strategic review of its European and domestic commercial pharmaceuticals businesses.. . .  Full story

Aspen - further update to shareholders

29/05 With reference to previous announcements in respect of the Group's divestment of its Nutritionals Business to the Lactalis Group, Aspen confirmed that there are no remaining conditions precedent which require fulfilment. . .  Full story