JOHANNESBURG (Reuters) – South Africa’s rand was flat against the dollar on Wednesday as heightened tensions in Iraq tempered domestic optimism about platinum miners returning to work after the end of a five-month strike. Workers from the AMCU union signed a wage agreement with the three top platinum producers on Tuesday but production is only expected to return … Read more
By Wayne Cole SYDNEY (Reuters) – An index of global stocks nestled near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered monetary policy would stay super loose in the United States, Europe and Japan for a long time to come. Investors had piled into bullion while selling U.S. government debt on the premise … Read more
By Wayne Cole SYDNEY (Reuters) – The dollar held firm with higher Treasury yields on Wednesday after a surprisingly high reading for U.S. inflation threatened to give a hawkish tilt to the Federal Reserve’s policy outlook later in the session. The risk was more than enough to keep most Asian share markets on the defensive … Read more
By A. Ananthalakshmi SINGAPORE (Reuters) – Gold fell further from a three-week high on Tuesday as investors withdrew money from the top bullion fund at the fastest pace in two months and as markets nervously waited for a Federal Reserve meeting this week. The metal’s fall comes even as most Asian stock markets fell on … Read more
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks slid and crude oil scaled nine-month highs on Friday as escalating civil war in Iraq dulled risk appetite which had been buoyant just days before. Spreadbetters expected the sour mood to linger on in Europe, forecasting Britain’s FTSE to open as much as 0.4 percent lower, Germany’s DAX down 0.25 percent andFrance’s … Read more
By Tim Cocks ABUJA (Reuters) – When Nigerian President Goodluck Jonathan branded Boko Haram “al Qaeda in West Africa”, it was sure to turn up the alarm among Western policy-makers, if its kidnapping of more than 200 schoolgirls was not enough. Yet while Jonathan’s remarks, made at a meeting of regional leaders in Paris this … Read more
The Biznewz community is well aware of concerns around our society’s slide to disinterested mediocrity. Russell Loubser’s warning about what he described as Drift was one of the site’s best read articles. Last week former Finance Minister and now head of National Planning Trevor Manuel picked up on the theme. But Manuel’s speech, borrowed from … Read more