May’s deal fails, hard Brexit odds rise – The Wall Street Journal

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Parliament overwhelmingly rejected a proposed Brexit deal Tuesday, stoking uncertainty around the UK’s exit from the European Union in just over two months. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for free 30 day trial (card details required). Source: biznews.com

That’s A Big Minus

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Goods require money to finance both their production as well as their movements. They need oil and energy for the same reasons. If oil and money markets were drastically awful for a few months before December, and then purely chaotic during December, Mario Draghi of all people should’ve been paying attention. China put up some… Read More

This Isn’t The First ‘Fed Pause’

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And we come full circle back again. It’s not what they say, it’s what they do. Kansas City Fed CEO Esther George was at least consistent, unlike all the other voting FOMC members. Throughout 2015 and 2016, the rest of them would say the economy was strong but then vote the other way, no “rate… Read More

African lessons for Eskom: Watch out for spikes in China loans

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China is aggressively seeking investments and contracts around the world, and perhaps nowhere is this more visible than Africa. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for free 30 day trial (card details required). Source: biznews.com

Barkerville Gold: Quickly De-Risking And Undervalued

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Barkerville Gold (BGMZF, BGM.V) is advancing it Cariboo Gold Project in British Columbia.  The Cariboo Project is a district-scale, massive land package loaded with gold mineralization (over 110 gold-bearing streams on the property).  Osisko Mining took operational control of the Project, with the transition beginning in mid-2015.  Chairman, Sean Roosen, took the old Osisko Mining’s… Read More

Mucking through the Wall Street Banks’ Earnings This Week

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Mucking through the Wall Street Banks’ Earnings This Week By Pam Martens: January 15, 2019 ~ If you’ve ever mucked horse stalls full of smelly manure, you’re better prepared for this week. Yesterday, the inscrutable Citigroup ushered in the week of mind-numbing fourth-quarter earnings reports from the financial supermarkets/commercial banks/insurance companies/brokerage firms/investment banks/derivative warehouses that… Read More

Blood on the streets as Zimbabwe currency crisis explodes

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EDINBURGH — Violent clashes between the authorities and angry citizens have led to several deaths in Zimbabwe as its currency crisis deepens. The Zimbabwe government won’t reveal the number of casualties. Protests erupted after the government ratcheted up the price of fuel. Zimbabwe is cash-strapped, with many businesses not having access to foreign currency needed… Read More

When more is better – the gold mining industry shake-up

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CAPE TOWN — As in SAA’s mooted mergers with SA Express and Mango, and it flirting with two other major African airlines to create a single continental consortium – when things get financially tricky and weird, the weird get going. It seems the same holds true for gold mining with the world’s biggest gold mining houses… Read More

Another blow for Wiese as Brait shares tank on New Look deal

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JOHANNESBURG — Body blows continue to come Christo Wiese’s way as a debt swap deal for New Look sparked a sell-off in Brait shares this week. Wiese – who is currently suing Steinhoff for R50bn after losing more than R2bn amid the Stellenbosch company’s meltdown – has a 35% stake in Brait and this week Brait’s… Read More

Zim puts out the fires with gasoline – price-hike riots erupt

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CAPE TOWN — Edgy rock star, the late David Bowie’s lyrics of “putting out the fire with gasoline,” come to mind when considering Zimbabwe’s ongoing slide into chaos. Now the military-led government, desperate to bolster the emptied coffers, has doubled the price of petrol, sparking nation-wide riots that this week claimed five lives and left… Read More

Silver lining for Ubuntu Baba after Woolworths copycat incident

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JOHANNESBURG — Local baby carrier business Ubuntu Baba has been in the headlines the last few days after Woolworths was exposed for copying its products. It all started with a blog post that Ubuntu Baba founder, Shannon McLaughlin, wrote on 7 January in which she explained, in-depth, as to how Woolworths had started stocking products… Read More

Mercedes AMG GLC 63 S: A fun SUV?

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By Nick Hodgson What is it about a big engine that appeals so much? The noise and power is just so intoxicating that you’re almost always likely to excuse a cars other foibles because of it. And it’s not a new phenomenon either. Just look at American muscle cars, they’ve built an entire segment of… Read More

Battling to sleep? Pay up – or tap into some Socratic wisdom

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Sleep therapy is big business. A 2017 McKinsey report into what it terms the sleep-health economy asserted that 100m Americans are continuously looking for a good night’s sleep. To meet this need, there are 2,800 sleep labs in the country, generating $7bn a year – with another $1bn spent on sleeping pills and $8bn on mattresses… Read More

Spreading Sour Not Soar

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We are starting to get a better sense of what happened to turn everything so drastically in December. Not that we hadn’t suspected while it was all taking place, but more and more in January the economic data for the last couple months of 2018 backs up the market action. These were no speculators looking… Read More