New emerging markets rush may spell trouble ahead

By Natsuko Waki LONDON, May 16 (Reuters) – Emerging markets are among the biggest beneficiaries of a fresh rush for riskier assets by yield-hunting investors but almost indiscriminate demand today may be sowing the seeds for a bigger sell-off in future. Undeterred by poor growth prospects, money is pouring into developing economies – from stocks … Read more

Apple in acquisition to boost streaming music services

By Christina Farr, Ronald Grover and Lisa Richwine SAN FRANCISCO/LOS ANGELES, May 18 (Reuters) – More than a decade ago, the late Steve Jobs pulled one of his trademark reality distorting maneuvers, browbeating music label executives into selling songs on Apple Inc’s then-nascent iTunes digital store for a mere 99 cents apiece. Now, the tables … Read more

Amplats CEO apologises for comments on fair pay

JOHANNESBURG (Reuters) – The chief executive of strike-hit Anglo American Platinum (Amplats) apologised for saying this week his seven figure salary was justified because he was skilled whereas miners were not. His comments cause an uproar in the midst of a violent 16-week strike in the platinum companies Amplats, Impala Platinum (Implats) and Lonmin by the … Read more

Chinese oil rig Haiyang Shi You 981 is seen surrounded by ships of China Coast Guard in the South China Sea, about 210 km (130 miles) off shore of Vietnam May 14, 2014. REUTERS/Nguyen Minh

Brent holds above $109 on Ukraine tensions

By Keith Wallis SINGAPORE (Reuters) – Brent futures held above $109 a barrel on Friday as fresh tensions over Ukraine kept them on course for their biggest weekly rise since mid-April, but returning Libyan supply capped gains. U.S. crude futures were also heading for their best week in five, bolstered by data indicating the U.S. economy could … Read more

SA magazines: all the winners & losers [ABC figures Q1 2014]

[box] This piece by Herman Manson was published first on his website, (@marklives)[/box] The Audit Bureau of Circulations of South Africa has released circulation statistics for the period January — March 2014. Here are several consumer magazine ABC figures that stand out for us (see our newspaper ABC analysis here). We’ve also updated our list … Read more

Gold below $1,300; platinum heads for best week in 3 months

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold struggled below $1,300 an ounce on Friday as U.S. jobs and factory data indicated brighter prospects for the economy, hurting the metal’s appeal as an investment hedge. Platinum was headed for its best weekly gain in three months on supply worries from prolonged strikes in top producer South Africa, … Read more

South Africa

Rand retreats from 10.27 resistance, seen in wide band

JOHANNESBURG (Reuters) – The rand steadied against the dollar early on Friday, taking a breather as investors reacted to weak eurozone growth data and worried about violence in the platinum belt. Friday’s session is expected to be quiet, with few domestic and global events scheduled, which should keep the rand trading within the previous day’s … Read more