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JSE down as focus shifts to budget
February 20, 2018--The JSE traded weaker, driven by mining and resource stocks, down by 3.44% and 2.01% respectively, as focus shifts towards the National Budget. Rand slightly weaker ahead of budget
February 20, 2018--Market analysts say they have largely expected the rand's modest dip, caused by a correction from its highs last week coupled with relative dollar strength. $500 Million Deal-Mirae Asset Takes Over US-based Fund Management Company Global X
February 19, 2018--Mirae Asset Global Investments announced on February 19 that the company signed an agreement for the acquisition of Global X, an exchange traded funds (EFT) company in New York of the US. It took US$488 million in total to take over a 100-percent stake in Global X. IMF Staff Country Reports-Australia: Selected Issues
February 20, 2018--AUSTRALIA'S LINKAGES WITH CHINA: PROSPECTS AND RAMIFICATIONS OF CHINA'S ECONOMIC TRANSITION1
China and Australia have increasingly strong linkages, especially through trade and commodity channels. These are driven by China's demand for commodities such as coal and iron ore, and services such as tourism and education, of which Australia is a major supplier.
IMF Staff Concludes Visit to West Bank and Gaza
February 20, 2018--With growth slowing and scarce economic and financial buffers, the strained geopolitical situation is testing the resilience of the Palestinian economy.
Reunifying the West Bank and Gaza under a single administration could provide a modest boost to growth, but managing the budgetary costs will not be easy.
Moody's, Fitch cautiously upbeat about recent moves in SA
February 20, 2018--Rating agencies Moody's and Fitch are somewhat optimistic about some new developments in South Africa, following the resignation of Jacob Zuma and subsequent actions related to corruption, in mining and the Treasury. WisdomTree Announces Changes to ETF Family
February 16, 2018--WisdomTree (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced plans to close and liquidate nine of its ETFs. Vanguard Launches U.S. Factor Funds
February 15, 2018--New suite of funds marks firm's first actively managed ETFs in the U.S.
Vanguard today launched six new factor-based ETFs-the firm's first actively managed ETFs in the U.S.-and one factor-based mutual fund.
Deutsche Bank to Cut at Least 250 Banker Jobs
February 19, 2018--Reductions are said to continue, could rise to more than 500
CFO has urged more cost discipline after target was abandoned.
Deutsche Asset Management Lowers Expense Ratio and Changes Underlying Index for High Dividend Yield Equity ETF Suite
February 16, 2018--Deutsche Asset Management1 (Deutsche AM) announced that, effective February 13, 2018, it has reduced the net expense ratios for two high dividend yield equity Xtrackers exchange-traded funds (ETFs):