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
Got to do one of the things I really love yesterday – welcome back a bunch of Biznews Premium subscribers who’d left us after we let a corporate subscription expire. Unforgivable I know, but 2018 was a year of such heavy lifting you just had to know some important stuff would go missing. What really… Read More
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
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
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 (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 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
By Paul Burkhardt (Bloomberg) – Eskom Holdings SOC Ltd., South Africa’s struggling power utility, expects to report a loss of more than R15bn ($1.1bn) in the year to March 31, a record for any state company. The anticipated loss, revealed by Chief Financial Officer Calib Cassim at a tariff application hearing in Cape Town on Monday,… Read More
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
What is really eating Apple – and why Steve Jobs would not be doing a lot better Jobs worth? franz12 Arturo Bris, IMD Business School Apple has started the new year by disappointing investors with its first profit warning in 17 years. The company said that poor sales of its latest range of iPhones has helped… Read More
LONDON — Investors have not rushed to invest in Zimbabwe following the end of the Mugabe era and have instead waited to see if the Crocodile as he is known in South Africa’s neighbouring state, is going to be the new broom he promised. And while he is overseas for a 4-nation visit to Eastern… Read More
LONDON — It would come as no surprise to anyone that former President Jacob Zuma is culprit number one at the State Capture Inquiry. Zuma has managed to accumulate even more official Zondo Commission notices than his friends, the Guptas and so far he has failed to respond to any of the allegations even though… Read More
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
JOHANNESBURG — Looking at the 77% slump in Ascendis’ share price for 2018 on the JSE makes for eye-opening reading. The company is saddled with a headache-inducing debt pile that its new CEO is trying to deal with. One option here is selling off various assets, including its best-performing business unit, Remedica. The news has… Read More
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
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
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
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
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
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