By Alec Hogg.In today's global headlines:.On Wall Street, stronger than expected December quarter results from US banks saw a rebound in their share prices last night. Goldman Sachs led the way with a 9% surge, its biggest one day gain in seven years. Goldman's recently appointed chief executive David Solomon apologised for the role the bank had played in the $6.5bn corruption scandal at Malaysian sovereign wealth fund 1MDB. The bank is being sued for billions by the new Malaysian government. In the December quarter Goldman set aside a $516m provision for litigation and regulatory matters.In South African-related news, president Cyril Ramaphosa today joins the 15 other SADC leaders at a crisis meeting in Addis Ababa. A statement on the SA Presidency's website said the South African leader arrived in the Ethiopian capital last night primarily to review and assess the political situation in the DRC. This follows the presidential election where 18-year incumbent Joseph Kabila is accused of having engineered a false result. The stakes are high. China and Russia have declared they will not interfere in the DRC's domestic matters and the West appears to be waiting for a lead from SADC. Ramaphosa's office says after the SADC leader meeting they will join for a consultative session with the heads of government of the Great Lakes regional body and the African Union Commission chairperson.
By Alec Hogg.In today's global headlines:.On Wall Street, stronger than expected December quarter results from US banks saw a rebound in their share prices last night. Goldman Sachs led the way with a 9% surge, its biggest one day gain in seven years. Goldman's recently appointed chief executive David Solomon apologised for the role the bank had played in the $6.5bn corruption scandal at Malaysian sovereign wealth fund 1MDB. The bank is being sued for billions by the new Malaysian government. In the December quarter Goldman set aside a $516m provision for litigation and regulatory matters.In South African-related news, president Cyril Ramaphosa today joins the 15 other SADC leaders at a crisis meeting in Addis Ababa. A statement on the SA Presidency's website said the South African leader arrived in the Ethiopian capital last night primarily to review and assess the political situation in the DRC. This follows the presidential election where 18-year incumbent Joseph Kabila is accused of having engineered a false result. The stakes are high. China and Russia have declared they will not interfere in the DRC's domestic matters and the West appears to be waiting for a lead from SADC. Ramaphosa's office says after the SADC leader meeting they will join for a consultative session with the heads of government of the Great Lakes regional body and the African Union Commission chairperson.
