Oil price resurgence has further to run

When crude surges above US$90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each other on a job well done, oil consumers should take note.After half a year in th...

By Bloomberg | Published: 12 September 2023


US dollar starts week under pressure

The dollar's record hot streak came under threat yesterday as Asia's biggest central banks took aim in different ways at the recent rally in the greenback.The People's Bank of China gave a strong warn...

By Bloomberg | Published: 12 September 2023


Russia, China to ditch US dollar

MOSCOW and Beijing have inked an intergovernmental agreement to switch to national currencies in bilateral trade and boost cross-currency settlements up to 50 percent as they ramp up efforts to move a...

By Russia Today | Published: 01 July 2019


UK's Boris Johnson quits over Brexit stretegy

Boris Johnson has resigned as Foreign Secretary amid a growing political crisis over the UK's Brexit strategy.He is the second senior cabinet minister to quit within hours following Brexit Secretary D...

By BBC | Published: 09 July 2018


Zimbabwean appointed Bristol mayor's advisor

Former Zimbabwean journalist Forward Maisokwadzo has been appointed deputy advisor to Bristol mayor Marvin Jonathan Rees on inclusion.The 45-year old's brief includes representing the south-western Un...

By Staff reporter | Published: 01 July 2018


China dumps dollars

SOME Chinese banks today sold off large amounts of dollars to devalue the yuan, further rattling investors.The move by Chinese banks was likely at the behest of the Chinese government, analysts said, ...

By Staff reporter | Published: 27 June 2018


Britain increasingly willing to cosy up to nasty regimes

LONDON - What the crowd lacked in size, it made up for in noise. Fifty or so people waved Turkish flags and shouted their support for Recep Tayyip Erdogan, as he gave a speech at a think-tank in Londo...

By Economist | Published: 21 June 2018


EU to launch tariffs against US on Friday

The EU will target emblematic US exports such as blue jeansThe European Union will launch a raft of retaliatory tariffs against US exports on Friday, a top official has said.The move comes after US Pr...

By BBC | Published: 20 June 2018


Trump puts 25% tariff on $50bn Chinese goods

US President Donald Trump has imposed 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft.Tariffs that affect more than 800 products worth $34bn in annual tra...

By BBC | Published: 15 June 2018


Trump humiliates Europe

United States' decision to pull out of the nuclear deal with Iran has seen European companies such as Maersk Tankers from Denmark, Germany's Allianz and France's Total are ready to abandon multi-billi...

By Staff reporter | Published: 10 June 2018


Maduro expels US envoy amid new sanctions

President Nicolas Maduro ordered the expulsion of the top US diplomat in Venezuela following a new round of sanctions imposed by Washington over his re-election.Maduro announced the move in a national...

By Staff reporter | Published: 24 May 2018


Dollar strengthens back towards 2018 high

The dollar climbed back towards its highest level in 2018 on Monday as investors continued to bet that rising interest rates in the United States would boost the greenback.The index measuring the doll...

By Reuters | Published: 08 May 2018


Oil boils over $70 a barrel

US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on Middle East crude producer Iran.Futures in New York and London jumped as ...

By Bloomberg | Published: 07 May 2018


UK, EU agree terms for Brexit transition period

The UK and EU have agreed on a "large part" of the agreement that will lead to the "orderly withdrawal" of the UK.Brexit negotiators Michel Barnier and David Davis said they had agreed terms for a tra...

By BBc | Published: 19 March 2018


Gold miners' Q3' 17 preview

With the third quarter's earnings season now underway, the gold miners will soon join in and report their latest results.  No data is more highly anticipated by investors, for good reason.  ...

By Adam Hamilton | Published: 19 October 2017


Uber's London licence revoked

Uber's licence to operate in London was revoked, a surprise decision that will affect the 3.5 million people and 40 000 drivers who use the app in the city.The city's transportation regulator, Transpo...

By Staff reporter | Published: 22 September 2017


The world's biggest wealth fund hits $1 trillion

Norway's sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar.The milestone valuation was reached for the first time on...

By Bloomberg | Published: 19 September 2017


Iran could restart nuclear programme

Iran's president has warned that it could restart its nuclear programme "within hours" if the United States imposes any more new sanctions.Hassan Rouhani also said the programme would be more advanced...

By BBC | Published: 15 August 2017


Facebook to launch TV shows

Facebook will debut its first original TV shows in mid-August, according to a Bloomberg report, citing people familiar with the matter. The new TV service was originally expected to be released in Jun...

By Staff reporter | Published: 02 August 2017


Jeff Bezos surpassed Bill Gates

Amazon founder Jeff Bezos surpassed Bill Gates as the world's richest person on Thursday … at least for a few hours.Shares of the online retailer had surged as US markets opened, and climbed as much...

By Staff reporter | Published: 31 July 2017


US nicotine announcement threatens tobacco producers

The JSE was dragged into the red by British American Tobacco and Reinet which hold a large investment in British American Tobacco.The move occurred late in the local session after the US Food and Drug...

By Staff reporter | Published: 29 July 2017


UK to ban new diesel and petrol vehicles

New diesel and petrol cars and vans will be banned in the UK from 2040 in a bid to tackle air pollution, the government is set to announce.Ministers will also unveil a £255m fund to help councils tac...

By BBC | Published: 26 July 2017


Theresa May's first cabinet: Who's who

Theresa May took over as prime minister on Wednesday and has set about appointing her first cabinet.The key questions are how far she will go to stamp her own mark on the top team by bringing in fresh...

By FT | Published: 14 July 2016


British business leaders plan campaign for EU exit

A group of British business leaders and entrepreneurs are preparing to launch a campaign for Britain to leave the European Union at a planned membership referendum, a major donor to the UK Independenc...

By Reuters | Published: 22 June 2015


Euro rises as Greece offers new proposals to avert default

The euro rose against the dollar on Monday on a glimmer of hope that Greece may avert a debt default after Athens offered new proposals to foreign creditors ahead of the emergency euro zone summit lat...

By Reuters | Published: 22 June 2015

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