Jack Ma buys Alibaba stock to show support for AI build out
Ma’s surprise move gave Alibaba’s stock a modest bump Wednesday.
Citi sees Zimbabwe breaking from past in economic turnaround
Annual inflation, which averaged around 736% in 2024, is expected to drop to 8% this year, while a cash fiscal deficit will balance after falling to minus 6.7% of gross domestic product in 2023, David Cowan said.
Copper closing in on record high as supply pressures build up
Benchmark three-month copper climbed 0.4% to $14 410.50 a ton on the LME as of 1:32 p.m. in Shanghai, and is nearing the all-time, intraday high of $14 527.50 set in January.
Aboriginal group seeks more compensation from miner Fortescue
The amount the Federal Court of Australia in May ordered Fortescue to pay was a lot lower than the A$1.8bn they had sought.
Gold holds five-day gain as traders turn focus to Fed rate path
Gold slipped 0.3% to $4 644.49 an ounce at 1:07 p.m. in Singapore. Silver was 0.7% higher at $69.11 an ounce.
Oil extends declines as Iran, Oman push talks to reopen Hormuz
Brent for October declined 2.2% to $86.65 a barrel at 6:07 a.m. in London
Gold Fields has a Ghanaian headache
Analysis of improving business debt conditions in SA, and whether economic data still matters in today’s markets.
Prosus investors push back on share structure and executive pay
Not happy with the super-share structure that gives a small group of insiders including billionaire Koos Bekker 1 000 votes per share compared with a single vote for an ordinary share.
NSFAS and PIC chaos: The disturbing parallels
A tale of two institutions bound by fiduciary definitions and divided by crises of leadership, legal interpretation and interference.
Is Joburg too big to fail?
The more pertinent question is what conditions national government will impose before asking taxpayers elsewhere in the country to finance its rescue.