Analysis: Indices

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...

Canada's LNG draws German interest for market swaps, minister says

CALGARY -German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada's Energy and Natural Resources Minister Tim Hodgson said...

Kyrgyzstan begins mining gold at Kumtor deposit after nationalisation

BISHKEK -Kyrgyzstan on Wednesday began underground gold mining at Kumtor, one of the largest deposits in Central Asia, which the government said could hold as many as 147 metric tons of gold...

Macron, referring to French market slump, says France is solid -spokesperson

PARIS -French President Emmanuel Macron, referring to a slump this week in the French stock and bond markets ahead of a looming government confidence vote, told members his cabinet that France was...

China tech giant JD.Com unit, two other firms plan $1 billion Singapore REIT, sources say

SINGAPORE/HONG KONG -The property investment arm of Chinese e-commerce giant JD.Com and two other firms plan to launch a Singapore-based real estate investment trust with assets potentially valued...

What does doubling of Trump's tariffs mean for India?

NEW DELHI -U.S. President Donald Trump's additional 25% tariff on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50% - among the highest imposed by Washington...

Chinese stocks at decade high lure hesitant retail investors

SHANGHAI -Chinese stocks are at decade highs after a rally powered by support from state-backed institutions and bigger investors, with retail money slowly making their way back into shares providing...