Markets

by | September 05, 2018 | 10:08

The South African Rand weakened notably on Tuesday, August 04 after GDP figures showed the country falling into a technical recession. Those polled by Bloomberg expected growth of 0.6%. "ZAR weakness will also increase the odds of a SARB hike going forward, as the ZAR debacle becomes worrisome for the stability of the CPI outlook", say analysts at the global investment bank.

by | September 05, 2018 | 06:24

John Kerry and supported Hillary Clinton in the 2016 election, is not as far left as Ocasio-Cortez, a Democratic Socialists of America member who organized for Bernie Sanders. However, Pressley had the endorsement of popular state Attorney General Maura Healey . "Voters might be hesitant to move on from Capuano after his years of experience and the seniority he has accumulated in Congress", the Boston Globe editorial board wrote .

by | September 05, 2018 | 02:58

In news that analysts hoped to avoid on Tuesday, South Africa officially entered a technical recession. On the expenditure side of the economy, Ackerman said that spending on GDP declined by 0.9% (quarter-on-quarter, annualised), although the weaker rand was able to support the export industry which grew 13.7% over the quarter.

by | September 05, 2018 | 01:57

United States tech stocks have largely enjoyed years of gains as stock markets hit record levels - with a few wobbles along the way. Apple topped that mark in early August. Amazon became the second big United States company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights.

by | September 04, 2018 | 21:44

The stock gained 2% to hit the magic number of $2,050.27, or R31,356, per share on Tuesday . Shares in the e-commerce giant rose almost 2% to a high of $2,050.50 in morning trade before slipping back. Amazon Web Services provides cloud computing services to companies and government, and Amazon's advertising division makes billions by selling ads to companies that want their products to show up when shoppers search on the site.

by | September 04, 2018 | 20:22

Meanwhile, China said it will not follow the US' lead in cutting imports from Iran which added a further bearish sentiment to Crude oil as the market is now weighed down by US Sanctions for any country dealing with Iran crude oil. Even though there are risks, there are always geopolitical risks in oil so it's a matter of managing risk. Jiji Press agency and Kyodo on September 3 reported that the action comes in response to USA sanctions against Tehran and threats they could be extended ...

by | September 03, 2018 | 19:27

The bill would prohibit promotions of free streaming for apps, a practice that can stifle the businesses of other websites that don't have the resources to offer such promotions. Lawmakers said internet service providers had already indicated to them that they would sue to overturn a net neutrality law. We have been talking about a need for an opposition win in the net neutrality resistance, but whether this can topple some dominos remains to be seen.

by | September 03, 2018 | 18:42

However, since March 28th no new licences have been granted . China is home to the largest video game market in the world. The reason for the block on approvals was not clear, though it's been suggested the restructuring of the government body could be why.

by | September 03, 2018 | 17:58

He was buried yesterday in Annapolis, Maryland , at the United States Naval Academy ceremony. McCain was gone, said Bush , who called his 2000 rival for the GOP presidential nomination a friend. I like people who were not captured", Trump said of McCain, a Navy veteran who spent more than five years as a prisoner of war in Vietnam. At the time of Larson's death, McCain said in a statement he could think of "no finer example of honorable" and faithful service to the country than that ...

by | September 03, 2018 | 18:00

There will be no full petrol price increase in September 2018, according to a report by BusinessTech . At Rs 79.15 a litre in the national capital, the price of petrol hit a fresh record high on Monday, more than 31 paise over Sunday's price of Rs 78.84.

by | September 03, 2018 | 16:34

Bush and Barack Obama . "It's a politics that pretends to be fearless and tough but in fact is born of fear". John McCain dearest friends on Sunday praised daughter Meghan McCain's fiery eulogy that took swipes at President Trump. "John's voice will always come as a whisper over our shoulder - we are better than this, America is better than this", he said. Among the pallbearers on a list provided by McCain's office were Frank Gamboa, his academy roommate; Defense Secretary Jim Mattis; ...

by | September 03, 2018 | 16:12

Coca-Cola made its first formal approach to Whitbread in late June and the negotiations progressed quickly, with a deal signed on August 31, eight minutes before it was announced to the stock market, Brittain said . "This transaction is great news for shareholders as it recognises the strategic value we have developed in the Costa brand and its global growth potential and accelerates the realisation of value for shareholders in cash" says Whitbread's Chief Executive, Alison Brittain.

by | September 03, 2018 | 12:57

However Minneapolis Police Department spokesman John Elder said that an investigation was ongoing and declined to provide details of the arrest. After the CEO's release, JD.com issued a statement on Chinese social media network Weibo on Sunday, arguing that allegations against the company's CEO were " false " and police quickly determined that there were no merit to the claims, allowing Liu to continue his business trip as originally intended.

by | September 03, 2018 | 10:24

CBOE Global Markets is the owner of Chicago Board Options Exchange ( CBOE ) and also one of the world's largest exchange holding companies. Cboe Global Markets is approaching with fast steps to the launch of Ether futures . By contrast, the current open interest - i.e. the total of all open positions in a futures or options contract - rose by 58 percent to 2,400 contracts.

by | September 03, 2018 | 09:02

Alphabet's Google and Mastercard brokered a business partnership during about four years of negotiations, said four people with knowledge of the deal, three of whom worked on it directly. The two firms had not made the deal public but it was discovered by Bloomberg . This is yet another proof that Google's true customers are its advertising partners.

by | September 02, 2018 | 23:26

Theresa May (C-r) joins schoolchildren in dancing a visit to the ID Mkhize Secondary School in Gugulethu, about 15km from the centre of Cape Town. Her three-day African trade mission ends in Kenya today. "The UK has for some time supported land reform in South Africa that will be a legal, transparent and democratic process", said Ms May. Her dance moves haven't exactly been appreciated on social media and she has been trolled enough for it.

by | September 02, 2018 | 22:43

Barnier said that the bloc was prepared to offer Britain a partnership, though no "single market a la carte ", which improved risk sentiment. He described the issue as a "matter of some urgency", adding that he had asked the Brexit Secretary to provide data on how the "necessary controls and checks take place".

by | September 02, 2018 | 22:45

Scoot's application included ideas around training users with mandatory instructional videos, as well as including helmets with each rental. "Both companies submitted strong proposals with detailed, unique and innovative approaches that demonstrated the highest level of commitment to solving known challenges and concerns", reads SFMTA's statement on its decision.

by | September 02, 2018 | 21:55

Ford Motor has abruptly ended a plan to sell a Chinese-made small vehicle in the United States due to the prospect of higher US tariffs , the head of the automaker's North American operations stated Friday. lineups if Trump continues to escalate trade wars with the likes of China, Europe and even Canada. Trump is independently evaluating a proposal to enforce tariffs on all imported vehicles on national security grounds.

by | September 02, 2018 | 18:28

Other firms, including Airbus and Japanese banking giant Nomura Holdings, have revealed similar plans to move European bases out of Britain because of uncertainty over Brexit. Carmakers Honda and Nissan are also among a raft of Japanese firms that employ large workforces in the UK. A Panasonic spokesperson didn't comment on how many people were set to move, however, Nikkei Asian Review anticipates that the employees that are tasked with auditing and financial operations will move to ...