Analysis: Indices

Donald Trump sues Dow Jones, News Corp, Rupert Murdoch, WSJ reporters for libel, court records show

U.S. President Donald Trump filed a lawsuit on Friday against Dow Jones, News Corp, Rupert Murdoch and two Wall Street Journal reporters, raising claims under federal libel law, court records show. ...

Hedge funds lure record inflows in first half of 2025

NEW YORK -Global hedge funds had their strongest inflows in the first half of the year since 2015, gaining popularity in turbulent markets amid U.S. President Donald Trump's new trade policies, data...

South Africa's Maziv valued at $2 billion after revised deal with Vodacom

JOHANNESBURG -South Africa's Vodacom Group said on Friday its proposed acquisition of a 30% stake in fibre network operator Maziv could value the target company at up to 36 billion rand after...

G20 finance chiefs back central bank independence in first communique since October

DURBAN -Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging to boost cooperation in a joint statement issued on Friday after a two-day...

Hedge funds favour short-dated, convertible bonds if Fed's Powell leaves early

LONDON -Hedge funds say they are prepared if U.S. President Donald Trump fires Federal Reserve Chair Jerome Powell before his term expires next year. The dollar briefly tumbled on...

India's Hindustan Zinc beats quarterly profit estimates

Hindustan Zinc posted a bigger-than-expected first-quarter profit on Friday, as strong demand for the metal helped cushion the impact of prices that were pressured by geopolitical uncertainties. ...

South Africa's assets gain as it concludes G20 finance meeting with communique

JOHANNESBURG -South Africa's rand, government bonds and stocks gained on Friday as investors mulled over the country's hosting of a two-day Group of 20 finance meeting where participants agreed a...

Oil steadies as mixed US economic and tariff news offset new Russia sanctions

NEW YORK -Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its...

Canadian wheat, canola crops a 'mixed bag,' with rain critical

LANGHAM, Saskatchewan -Canadian farmers are likely to produce average-size wheat and canola crops this autumn, but years of drought have made rain critical for the plants to fulfill their potential,...

Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC

Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed...

Jaguar Land Rover-backed battery recycling project gets UK government funding

An EV battery recycling project backed by Jaguar Land Rover has received British government funding to recover critical minerals from end-of-life batteries, startup Mint Innovation said on Thursday. ...

Lofty US stock market valuations bank on earnings strength

NEW YORK -With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified...

US corporates expected to buoy stock markets with buy backs, says Citadel Securities

LONDON -Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of...

Oil jumps $1 after further drone attacks on Iraq oil fields

HOUSTON -Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Brent crude futures settled...

South Africa's Kganyago asserts Africa's G20 agenda despite tariffs and Bessent absence

South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an African agenda including climate change and cross-border payment systems was still due to be discussed by G20 finance...

Nigeria's inflation falls for third month in June

ABUJA -Nigeria's headline inflation rate fell for the third straight month in June, to 22.22% year-on-year from 22.97% in May, data from its statistics agency showed on Wednesday. ...

South African retail sales rise 4.2% year on year in May

JOHANNESBURG -South African retail sales rose 4.2% year on year in May after rising by a revised 5.2% in April, Statistics South Africa figures showed on Wednesday. Seasonally adjusted...

South Africa's Eskom targets mainly clean energy sources by 2040

JOHANNESBURG -South African state-owned power utility Eskom aims to shift to mainly clean energy sources by 2040 from its current predominantly coal-based generation fleet, it said on Wednesday as it...

Trump tariffs send chill through Greek peach harvest

NAOUSSA -July is harvest time in Greece's northern peach orchards, where pickers mount wooden ladders and carefully place the fruit in crates ready for factories that peel, slice and can them, often...