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Most Read Today

Gold sprints to over 5-year peak after Fed hints at rate cuts

05h29 Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and U.S. Treasury yields lower.  Full story

South African consumer inflation subdued, upping rate cut chances

19/06 South African inflation stayed well within the central bank's target range in May, making it more than two years since it last breached the ceiling, raising the possibility of a rate cut as calls for the bank to support the flagging economy swell.  Full story

Fed sees case building for interest rate cuts this year

19/06 The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation.  Full story

Most Read This Week

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 keep pace with changing customer demands and competition from new rivals.  Full story

Rand rallies as Ramaphosa set to give more support for Eskom

18/06 South Africa's rand rallied in late trade on Tuesday after the government signalled it will give additional support to power firm Eskom and as emerging currencies were lifted by expectations the Federal Reserve could signal U.S. rate cuts.  Full story

Old Mutual fires suspended CEO Moyo

18/06 South Africa's second-biggest insurer Old Mutual said it had fired suspended CEO Peter Moyo, citing a conflict of interest with an investment firm he founded.  Full story

 

SA Business

Virgin Money South Africa plans bank account, expansion for fintech app

19/06 Virgin Money South Africa will launch a zero monthly fee bank account and cheap cross-border payments on its financial technology app, and could eventually roll this out in other developing markets,. . .  Full story

South African consumer inflation subdued, upping rate cut chances

19/06 South African inflation stayed well within the central bank's target range in May, making it more than two years since it last breached the ceiling, raising the possibility of a rate. . .  Full story

Scandal-hit Steinhoff says will suffer more in 2019

19/06 Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro ($1.3 billion) annual loss, sending its volatile shares. . .  Full story
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SA Company

Peregrine Holdings FY HEPS 210.8 Cents Per Share

07h14 Peregrine Holdings Ltd:. . .  Full story

African banks to fund construction of world’s biggest marine diamond mining vessel

19/06 Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.. . .  Full story

SA Corporate Real Estate Fund Managers Reconstitutes Nomination Committee

19/06 SA Corporate Real Estate Fund Managers (Pty) Ltd:. . .  Full story
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Live News Wire

U.S. tells India it is mulling caps on H-1B visas to deter data rules -sources

06h56 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening the two countries' row over tariffs and trade.  Full story

Trump-Xi meeting unlikely to resolve trade differences, could lead to more talks-media

06h45 Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday.  Full story

China, HK stocks climb on hopes of trade truce, policy easing

06h42 China and Hong Kong stocks extended their rally on Thursday as signs that Beijing and Washington are returning to the negotiating table after a long lull lifted risk appetite.  Full story
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Europe

EXCLUSIVE-Italy coalition drafts bill to reform central bank's management

06h30 Italy's coalition has drawn up a bill aimed at giving the government and parliament the right to name the central bank's five-member board, ending the current system by which appointments are made mainly internally.. . .  Full story

Copper, nickel at 3-week high as dollar eases on Fed rate cut hints

06h19 London copper and nickel prices climbed to a more than three-week high on Thursday on a weaker U.S. dollar as investors took Federal Reserve's comments as a sign of possible interest rate cuts later. . .  Full story

Gold sprints to over 5-year peak after Fed hints at rate cuts

05h29 Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and. . .  Full story
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US

Corn drops to 1-week low, soybeans ease on fund-selling

04h59 Chicago corn futures slid to a one-week low on Thursday, falling for a third consecutive session, as prices were pressured by fund selling although planting delays provided a floor under the market.. . .  Full story

Fed sees case building for interest rate cuts this year

03h49 The U.S. Federal Reserve on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade. . .  Full story

Trump believes he has authority to demote Fed's Powell - Bloomberg

02h30 U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg. . .  Full story
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Asia

Indonesia plans more tax breaks to lift GDP growth - finmin

06h12 Indonesia plans to cut several different taxes to boost investment and accelerate economic growth, its finance minister said on Wednesday, after noting the government's 2019 growth target may be hard to reach.. . .  Full story

BOJ holds fire on policy, joins Fed in warning of mounting global risks

06h08 The Bank of Japan kept monetary policy steady on Thursday, preferring to save its dwindling ammunition as a darkening global growth outlook prompts other major central banks to drop hints of additional stimulus.. . .  Full story

SE Asia Stocks-Most gain as Fed hints at rate cuts; Philippines slips

06h02 Most Southeast Asian stock markets edged higher on Thursday, as dovish comments from the U.S. Federal Reserve boosted global equities, while signs that Sino-U.S. trade talks were set to resume also helped sentiment.. . .  Full story
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Forex

Most Asian currencies firm as Fed's easing signals hobble dollar

06h24 Most Asian currencies edged higher on Thursday after the U.S. Federal Reserve flagged possible interest rate cuts later this year at its policy meeting, putting the dollar on the defensive. While. . .  Full story

NZ Q1 GDP growth steady, but soft underbelly keeps more rate cuts on table

06h03 New Zealand's economy expanded at a steady pace in the first quarter, thanks to solid construction activity, but policymakers are expected to cut rates again before year-end to underpin growth in the face of. . .  Full story

Stocks rally, bond yields plunge as Fed fuels rate cut hopes

05h23 A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signalled possible interest. . .  Full story
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Africa

Nigeria to consider its industries in Africa free trade zone decision

19/06 Nigeria will consider the interests of its industries in deciding whether to sign up to a $3 trillion Africa free-trade agreement, President Muhammadu Buhari said in a meeting with local manufacturers on Wednesday.. . .  Full story

Namibia targets $1 billion worth of investments

19/06 Namibia is to host a two-day economic summit which is expected to attract at least $1 billion worth of investments over the next two years, the Ministry of Information and Communications Technology said on. . .  Full story

Kenyan parliament committee proposes nationalisation of Kenya Airways

18/06 A Kenyan parliamentary committee on Tuesday recommended the nationalisation of loss-making Kenya Airways as part of efforts to turn the airline around, a draft report said.. . .  Full story
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