China surprises with interest rate cut to spur growth Link November 21, 2014 News China cut interest rates unexpectedly on Friday, stepping up a campaign to prop up growth in the world’s second-largest economy as it heads towards its slowest growth in nearly a quarter century. Local (JSE) resource stocks rally on news 21 Nov 2014
South Africa’s Exxaro Seeks Exit From Vedanta Zinc Project Link November 19, 2014 News Exxaro is bound by an agreement to remain a 26 percent shareholder in London-based Vedanta’s Gamsberg zinc project in the country until at least 2016, Hilton Atkinson, a spokesman for the Johannesburg-based company, said yesterday in an e-mailed response to questions. It will seek to dispose of the stake later, he said 19 Nov 2014
China Steps Up Internet Censorship as EdgeCast Blocked Link November 18, 2014 News Chinese authorities have stepped up their Internet censorship by blocking more networks run by Verizon Communication INC. (VZ)’s EdgeCast unit. The blockage comes as China hosts a conference promoting domestic Internet titans Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc.
Draghi Seen Bypassing QE Qualms to Hit Balance-Sheet Goal Link November 17, 2014 News Draghi, who has faced opposition to his most-recent measures, addresses the European Parliament at 3 p.m. in Brussels today. He’ll probably reiterate his pledge to be ready with further steps should the outlook for the economy worsen, and 95 percent of respondents in the survey said he’ll act on that promise either this year or in 2015
Shaken gold bulls learn to accept ‘new normal’ Link November 14, 2014 News Blinking from sweeping reform on price benchmarks, even the most die-hard gold enthusiasts accepted the market’s glory days had faded for now, as the bullion industry’s annual conference agreed prices would nurse losses over the next year
SABMiller plc: Interim results to 30 September 2014 Link November 13, 2014 News We anticipate that trading conditions will remain challenging but we expect to continue to grow volume and NPR. As part of our strategy we will continue to drive efficiency across our business and invest in the front line so we can win in local markets
Wiese and Sassoon pile into Shoprite and Sasfin Link November 11, 2014 News A survey of the biggest share transactions by directors of JSE-listed companies since mid-September reveals some interesting activity. As might be expected in the current market, most dealings have been sales, but there have also been some significant purchases.
Old Mutual Earmarks $386 Million for Expansion in Africa Link November 5, 2014 News Old Mutual Plc (OML), Africa’s biggest insurer, has 4.3 billion rand ($386 million) for acquisitions on the continent, where growth rates higher than advanced countries may help boost sales after third-quarter growth declined.
Alibaba Earnings: What to Expect Link November 4, 2014 News Analysts have added Alibaba to their coverage lists, and many of them are expecting the company’s stellar growth to continue. On average, analysts surveyed by Thomson Reuters are expecting a net profit of $1.16 billion for the quarter, up 45% from a year earlier.
Fed will go out of its way to be dovish Link October 29, 2014 News The Fed Wednesday is expected to announce the end of the extraordinary easing program it first launched during the financial crisis, and markets could shrug it off as long as the Fed sounds dovish
