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Stock losses accelerate as China lets yuan tumble
August 5, 2019--Global stocks including those on the JSE plummeted on Monday as the Chinese currency fell to a three-year low against the greenback.
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Source: FIN24
Nigeria: How China Is Exploiting Nigeria With Greek Gifts, Economic Sabotage
August 4, 2019--With stakes worth billions of dollars in businesses ranging from agriculture to oil, gas, and construction, China's Greek-gift economic assistance is increasing unemployment and worsening job creation in Nigeria. THISDAY investigations revealed that China's exploitative business model is hinged on economic sabotage and security breaches.
In Nigeria and across Africa, Chinese investments evoke and provoke widespread suspicion of a new form of colonialism as well as praise, but for the most part, their coming and stay, attract undue attention, privileges whilst they flout existing operational guidelines and prevailing business principles by hook or by crook.
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Source: allafrica.com
Markets WRAP: Rand closes at R14.76/$
August 2, 2019--The day's range was between R14.57 and R14.76.
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Source: FIN24
Late surge sees JSE close firmer
August 1, 2019--The JSE traded mostly flat on Thursday as the industrials and resources indices pulled in opposite sides before a late rally saw it close firmer
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Source: FIN24
Nigeria: Nigeria Equities Lose N63 Billion Amid Sell Pressure
July 31, 2019--Trading on the nation's bourse returned to negative territory on Tuesday with crucial market indices dropping by 0.46 per cent following loses in 20 stocks
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Source: allafrica.com
Markets WRAP: Rand closes at R14.1772/$
July 31, 2019--The rand closed at R14.1772/$ on Wednesday, with the prospect of a rate cut from the Federal Reserve.
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Source: FIN24
Markets WRAP: Rand closes at R14.21/$
July 29, 2019--The day's range was between R14.16 to R14.31.
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Source: FIN24
Financials lead gains on JSE
July 29, 2019--The local index started the week in stride as it closed firmer on Monday, mainly on the back of broad-based gains across all the main sectors.
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Source: FIN24
Markets WRAP: Rand closes 1.44% weaker at R14.26/$
July 26, 2019--The rand depreciated further on Friday following the release of US GDP data.
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Source: FIN24
JSE closes flat after muted session
July 26, 2019--Stocks in Europe tracked mostly higher while in the USA investors waited in anticipation of the first estimate of US GDP QoQ which, although slower came in better than expected at 2.1% compared to a forecast of 1.8%.
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Source: FIN24
