Past Fed rate hikes been good for developing markets – but not this time
Historically, interest-rate increases from the Federal Reserve have been buy signals for emerging-market assets. This time looks different.
Goldman Sachs Group Inc
Thanks to Gwede, Cyril, top bankers, SA dodged a big bullet last weekend.
The biggest banks know better than to publicly take on South Africa’s ruling African National Congress. So when President Jacob Zuma sent markets plunging by replacing the finance minister with an obscure lawmaker, they rushed to lobby the ANC behind the scenes.
US Fracking Boom now “going off the inevitable cliff”
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt.
Denmark, former Socialist “poster state”, accelerates privatisation of 30 SOEs
Denmark is switching strategy on how it oversees state-owned businesses to avoid a situation where it has to turn to outside capital.
Commodity prices hit fresh 12 year low
Slumping energy prices led commodities to a 12-year low as the dollar’s best rally since 2008 reduced the investment appeal of raw materials amid surpluses of everything from oil to sugar.
Why Oracle’s Larry Ellison deserves his pay of $103m a year
There’s not enough gold in Fort Knox to reward those entrepreneurs who start and build companies that create wealth and provide a livelihood for others. Oracle’s founder and until last year CEO Larry Ellison, is among them.
Ed Herbst: Good riddance to Cell C – it’s Kharma
If you doubt Herbst’s allegations about Cell C consider deeply corrupt practices of influencers in the Mbeki Administration close to the late Brett Kebble.
New chair of world’s #1 gold mining company: Despite challenges, we’re not diversifying
Barrick Gold corp. will stay focused on gold and has no plans to diversify into other metals according to Chairman John Thornton.
U.S. economy back in business – takes back leadership from China
After taking a back seat to China for a decade and a half, the U.S. economic locomotive is back in business. Boosted by the collapse in the oil price on top of readjustment created through Quantitative Easing, the world’s biggest economy is now gathering steam. It grew at an annualised rate of 5% in the … Read more
SA emigrant destinations Canada, Aus, NZ: world’s most over-priced homes
By Neil Callanan and Nichola Saminather (Bloomberg) — Canada, Australia and New Zealand are in the top ranks of the developed world’s most overpriced housing markets, according to Deutsche Bank AG. Homes in Canada are the most expensive, being 63 percent overvalued, the bank said in a survey ranking Organization for Economic Co-operation and Development … Read more