Loading

Rand breaches R18.60 to US dollar

The rand’s slide continued in afternoon trade on Thursday, breaching R18.60 to the US dollar for the first time. Global recession worries due to the Covid-19 pandemic and economic fallout, together with last week’s credit…

Record fuel price drop on April 1

It may come as little relief right now with South Africa’s population of 59 million under a Covid-19 lockdown, but motorists will see a record drop in fuel prices on Wednesday. Minister of Mineral and…

Stocks in China slide; US equity futures advance:…

US equity futures powered higher and European stocks were steady as investors took in stride a sell-off in Asia, where Chinese shares plunged as markets there reopened amid the worsening coronavirus outbreak. Treasuries and gold…

Asia stocks dented by trade war, Brexit showdown…

Global stocks faced headwinds on Tuesday, stymied by US-China trade frictions while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to block lawmakers’ efforts…

Rand steady, focus on new US-China tariffs

The rand steadied in early trade on Monday, struggling for momentum as the appetite for risk waned as Washington and Beijing put additional tariffs on each other’s exports, adding to the gloom hanging over the…

Stocks shiver as new US-China tariffs add to…

Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth. The E-mini futures for US S&P500 fell as much…

Loading

Wall St rallies after China trade comments

US stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could…