S&P 500 Closes At Record On Bank Earnings, Data

From Reuters: * Bank of America shares jump after earnings * Empire State manufacturing index, PPI increase * Apple rallies after comment on China iPhone sales * Dow up 0.7 pct, S&P 500 up 0.5 pct, Nasdaq up 0.8 pct U.S. stocks rose on Wednesday, with the S&P 500 climbing to an all-time closing high after strong … Read more

Fertilizer multinational Yara admits to bribing

By Terje Solsvik and Ole Petter Skonnord OSLO, Jan 15 (Reuters) – Norwegian fertiliser firm Yara International has been fined 295 million crowns ($48.5 million) after a cross-border bribery investigation by the country’s economic crime unit. Yara, one of the world’s biggest fertiliser firms, paid or agreed to pay $12 million in bribes between 2004 and 2009, the … Read more

Global growth prospects boost dollar, but gold falls

From Reuters * U.S. data, World Bank forecasts lift stocks, dollar * Gold drops for second straight day * SPDR fund sees outflows of 3.56 tonnes (Updates prices, adds comment) By Clara Denina LONDON, Jan 15 (Reuters) – Gold fell on Wednesday as strong U.S. data and optimistic global growth prospects prompted a rally in the dollar … Read more

Workers reject Northam Platinum wage offer

From SAPA The NUM has rejected a 0.5 percent increase in Northam Platinum’s wage offer, the union said on Wednesday. The mining company made the offer on Monday after a meeting between the two parties, acting National Union of Mineworkers (NUM) spokesman Livhuwani Mammburu said in a statement. The offer meant core workers in categories … Read more

Woolworths, Massmart sales up; Woolies price dip

From Reuters JOHANNESBURG (Reuters) – South African high-end retailer Woolworths Holdings reported double-digit growth in food and clothing sales for the first half of the year, a sign that spending remains robust among wealthier consumers. However, investors were likely looking for an even stronger performance and its shares sank more than 2 percent. Woolworths, which sells products … Read more

Rwandan spymaster murder in SA: 4 arrests

From SAPAMozambican police say they have arrested four Rwandans, including a senior military official, for the murder in South Africa of a former spymaster in Rwanda and critic of the government there. Joao Machava, a Mozambican police spokesman, told The Associated Press in Maputo on Wednesday that the Rwandans were arrested a week ago in … Read more

Back to school for SA pupils

From SAPA: As millions of pupils lace their shoes and knot their ties in preparation for the first day of the 2014 academic year, a number of government officials will visit schools across the country to assess their state of readiness. Deputy President Kgalema Motlanthe and Basic Education Minister Angie Motshekga will visit Oracle Ponelopele … Read more

Economic Freedom Fighters (EFF) leader Julius Malema is escorted by police after his car was blocked by supporters of the African National Congress near the homestead of South African President Jacob Zuma in Nkandla January 11, 2014. REUTERS/Rogan Ward

Two Protesters Killed In Clash With South African Police

From Reuters: Two people were killed during a clash with South African police on Monday when residents of a village marched to a nearby town in North West province to protest about water shortages, police said. The incident is the latest in a series of confrontations between police and protesters angry at poor public services in Africa’s biggest economy, adding to … Read more

Gold Eases On Stronger Equities, US Retail Sales Data

From Reuters: Gold retreated for a second session on Wednesday, moving further away from a one-month high, as a rally in stock markets prompted by strong U.S. retail sales data dented the metal’s appeal as a safe haven. FUNDAMENTALS * Spot gold eased 0.1 percent to $1,243.19 an ounce by 0011 GMT. It touched a … Read more