SA’s future? Please, ANC members, look at Zimbabwe before it’s too late.
Zimbabwe’s crippling cash shortage has left a black hole in the financial system that’s crushing the rest of the economy.
Zimbabwe’s crippling cash shortage has left a black hole in the financial system that’s crushing the rest of the economy.
Shale oil production flow has dropped by 1% in the US this month so far, and the decline is just beginning. But whether it sticks is another matter entirely.
The biggest gold bust in three decades is about to end a six-year expansion in mine output.
As a dollar shortage grips Nigeria following the plunge in the price of oil, the country’s biggest export, the line between legal currency exchange houses and a booming black-market business is growing thin
The iron ore price drop this year has hit share prices of heavily exposed BHP Billiton (-22%), ARM (-37%) and focused miners Kumba (-46%) and Assore (-56%).
The reasons oil prices started sliding in June were hiding in plain sight: growth in U.S. production, sputtering demand from Europe and China, Mideast violence that threatened to disrupt supplies and never did.
By Karen Freifeld NEW YORK (Reuters) – New York state’s top banking regulator, Benjamin Lawsky, is asking BNP Paribas SA to fire some senior executives as part of a settlement of allegations that the French bank violated U.S. sanctions, two sources familiar with the matter said on Saturday. Lawsky has demanded that more than a … Read more
ACCRA (Reuters) – Ghana named Barclays Plc, Deutsche Bank and Standard Chartered Plc as transaction advisers for its 2014 Eurobond of up to $1.5 billion, the finance ministry said on Friday. “Although the transaction team is expected to start work immediately on the preparatory activities, government will continue to monitor the market for a suitable … Read more