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LATEST Fast News  

Apple buys startup that creates radio-like stations for podcasts

25 Sep 2020 /  Mark Gurman, Bloomberg   1
Seeking to improve its service amid growing competition from Spotify Technology SA.

Stocks rise with futures; China’s yuan ticks up: markets wrap

25 Sep 2020 /  Adam Haigh, Bloomberg   1
The offshore yuan climbed on optimism about inflows into Chinese assets.

Oil rally stalls on risk of new supply

25 Sep 2020 /  Saket Sundria and James Thornhill, Bloomberg   1
Amid worsening demand.

Rate cuts won’t cure SA’s skills shortage, Kganyago says

24 Sep 2020 /  Prinesha Naidoo, Bloomberg   3
This after the SA Reserve Bank cuts rates to record lows.

Mozambique asks EU for help in tackling insurgency

23 Sep 2020 /  Catarina Demony and Emma Rumney, Reuters   5
Insurgents are seizing important towns for brief periods and hitting military and other key targets.

Rand slips as dollar rises, stocks up

23 Sep 2020 /  Olivia Kumwenda-Mtambo, Reuters   3
The FTSE/JSE top 40 companies index closed up 2.04% to 50,127 points.

SAA bailout raises hackles at South African Treasury

23 Sep 2020 /  S'thembile Cele and Antony Sguazzin, Bloomberg   8
SAA, which last made a profit almost a decade ago and has been reliant on state bailouts to survive.

Tesla’s battery day letdown puts $320bn stock gain at risk

23 Sep 2020 /  Dana Hull, Akshat Rathi and Gabrielle Coppola, Bloomberg  
Tesla shares slumped as much as 6.9% to $395 before the start of regular trading.

Pound drops to two-month low as UK grapples with virus surge

23 Sep 2020 /  Jill Ward and Vassilis Karamanis, Bloomberg   1
Yet the pound’s fall could have been worse.

Gold may hit record before year-end

23 Sep 2020 /  Ranjeetha Pakiam, Bloomberg   2
On US election risk, Citi warns.

Zambia hints at first Covid default as Africa debt burden rises

23 Sep 2020 /  Matthew Hill and Taonga Clifford Mitimingi, Bloomberg   4
Zambia became the first African country to ask bondholders for relief.

Tesla’s battery suppliers feel shock

23 Sep 2020 /  Kurt Schussler, Bloomberg   1
From Musk’s cost-cut push.

SA set for wave of equity fundraising

23 Sep 2020 /  Promit Mukherjee, Bloomberg   1
As banks shun risk.

Russian plan to dig biggest Zimbabwe platinum mine clears hurdle

23 Sep 2020 /  Godfrey Marawanyika, Bloomberg   3
When complete it is expected to produce 860,000 ounces of platinum group metals and gold a year.

Dollar extends gains; stocks, futures fluctuate: markets wrap

23 Sep 2020 /  Adam Haigh, Bloomberg  
Crude oil dipped and Treasuries were steady.
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