Analysis: Indices

South Korea prosecutors seek 15-year jail term for Kakao founder Kim

SEOUL -South Korean prosecutors requested on Friday a 15-year jail term for local tech giant Kakao founder Kim Beom-su, also known as Brian Kim, on stock manipulation charges, said an official at the...

China receives first Arctic LNG 2 cargo ahead of Putin's visit, data shows

SINGAPORE -China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and LSEG showed, days ahead of Russian President Vladimir...

South African rand range-bound after US inflation report, local data releases

JOHANNESBURG -The South African rand showed little reaction on Friday to a key U.S. inflation report and mixed domestic economic data. At 1521 GMT, the rand traded at 17.6675 against...

Northam CEO says platinum miners not out of the woods despite price rally

The recent platinum price rally has brought relief to South African miners, but is still below levels needed to support new production, Northam Platinum CEO Paul Dunne said on Friday. ...

Oil prices fall with expected low demand, upcoming supply boost

HOUSTON -Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world's largest oil market, and a boost in supply this autumn from OPEC and its allies. Brent...

Trump's options to ease Russia sanctions limited compared to Europe's

WASHINGTON -U.S. President Donald Trump could quickly lift some sanctions on Russia as a reward to Moscow if peace talks with Ukraine go well, but only Europe can take the bigger steps needed to...

South Africa launches G20 taskforce to examine global wealth inequality

JOHANNESBURG -South African President Cyril Ramaphosa on Thursday launched a G20 experts taskforce to examine global wealth inequality and its impact on growth, poverty and multilateralism -- the...

Ford South Africa to lay off over 470 workers in car and engine plants

JOHANNESBURG -Ford Motor's South African unit plans to lay off more than 470 employees as it seeks to adjust production capacity to match current and future market demands, the South African...

Sibanye Stillwater narrows loss on restructuring, US production credits

Sibanye Stillwater reported a narrower first-half loss on Thursday, as production credits at its U.S. palladium business and the restructuring of its South African mines partly offset big writedowns...

Truworths' profit falls after big discounts and weaker Africa sales

JOHANNESBURG, -South African upmarket fashion retailer Truworths reported an 8% decline in full-year profit on Thursday, citing the impact of big discounts that followed delayed deliveries of winter...

Egypt and Qatar discuss activating $7.5 billion 'partnership package', Egypt says

CAIRO -Egypt's Prime Minister Mostafa Madbouly on Thursday discussed activating a $7.5 billion partnership package with his Qatari counterpart, Egypt's cabinet said in a statement. ...

Exclusive-India's Russian oil imports set to rise in September in defiance of US

MOSCOW/LONDON -Russian oil exports to India are set to rise in September, dealers said, as New Delhi defies U.S. punitive tariffs designed to force the country to stop the trade and push Moscow...

Second German LNG terminal starts commercial operations at Wilhelmshaven

FRANKFURT -Germany will officially start commercial operations at its second liquefied natural gas import terminal at Wilhelmshaven port on Aug 29., state operator Deutsche Energy Terminal said on...

Nigeria's Dangote and Ethiopia to build $2.5 billion fertiliser plant

ADDIS ABABA -Ethiopia has signed an agreement with Nigeria's Dangote Group to build a $2.5 billion fertiliser manufacturing plant, Prime Minister Abiy Ahmed said on Thursday in a post on social media...

India extends cotton import duty exemption amid US tariff pressure

MUMBAI/NEW DELHI -India has extended an import duty exemption on cotton by three months, until the end of December, a government order showed on Thursday, as New Delhi seeks to support the local...

Drought leaves UK beef farmers scrambling to feed hungry herds

MIDDLE DUNTISBOURNE, England -On David Barton's beef farm in the picturesque Cotswolds in western England, months of heat and drought have left his 200 head of Salers, Herefords and Sussexes with...

Impala CEO warns against flooding market as platinum prices rebound

South Africa's Impala Platinum is cautious about bringing new production on stream and releasing excess stockpiles to the market despite the recent rebound in platinum prices, Chief Executive Officer...

Foreigners snap Japanese stock purchases as tech rally cools

Foreign investors were net sellers of Japanese stocks in the week to August 20, for the first time in nine weeks, as they turned cautious, moving to lock in profits after a selloff in technology...

UK air passenger figures beat pre-pandemic record for April-June

LONDON -The number of passengers passing through British airports in April to June rose to a record 81 million, beating the pre-pandemic high for the period, Britain's aviation regulator said on...