ZAR Price Action Talking Points. South African rand continues to show strength with multiple macroeconomic tailwinds supportive USD/ZAR Approaching the 200-day moving average after falling below 17.0000 Possible bullish cross looming for GBP/ZAR EUR/NZD trading at monthly lows South African inflation data coming soon Global markets will be closelyRead More →
Mining equipment producer Bitmain has issued two concurrent statements regarding its disgraced co-founder Micree Zhan, confirming his ousting in October. The statements were posted on Bitmain’s Weibo page on May 27, both of them reiterating that Micree Zhan, the company’s former chairman and legal representative, was removed from his positionRead More →
© Reuters. FILE PHOTO: A man walks past an electronic board showing stock prices outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout fromRead More →
(Reuters) – The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (N:) on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday. The department believes the concertRead More →
Facebook Inc. shares were down sharply Thursday on a report the Federal Trade Commission is weighing a preliminary injunction as early as next month against the social-networking giant FB, -3.00% amid antitrust concerns over how its products interact. Federal regulators are closely monitoring how Facebook integrates its apps – specifically,Read More →
© Reuters. Labour Party launches its party manifesto in Birmingham LONDON (Reuters) – Britain’s opposition Labour Party will hold a rally outside an Amazon depot on Saturday as it highlights its promise to target multinational firms it accuses of dodging taxes and cheating workers should it win next month’s election.Read More →
Craving a Snickers or Hershey’s HSY, -2.09% chocolate during your three o’clock slump? Think again. The U.S. Food and Drug Administration issued a final rule on Friday to revise font sizes used in calorie labeling on food sold in glass-front vending machines. It requires that calorie labels’ type size shouldRead More →
(Reuters) – European shares rose on Friday as investors were hopeful of further monetary easing from the U.S. Federal Reserve in the wake of poor economic data, while chip stocks nudged higher after a report said Apple was increasing production of its new iPhone models. The pan-European STOXX 600 ()Read More →
It isn’t about Greta Thunberg. Sure, the 16-year old Swedish activist just boosted the attention given to the climate-change crisis with her passionate speech at the United Nations. But we already knew this was a massive and indisputable risk to our living environment, even if many business leaders still haven’tRead More →
(Reuters) – Westpac Banking Corp (AX:) said on Friday it has received a class action filed by law firm Slater & Gordon against its units BT Funds Management and Westpac Life Insurance Services in relation to a pension investment option. “The damages sought by the claim are unspecified,” Westpac saidRead More →
© Reuters. UK watchdog suspends court action against ticket reseller Viagogo (Reuters) – The Competition and Markets Authority (CMA) said https://www.gov.uk/government/news/viagogo-fixes-concerns-in-face-of-further-cma-legal-action on Thursday Viagogo had addressed its outstanding concerns about how the ticket reseller presents important information to its customers, prompting the watchdog to suspend preparations for court action. ViagogoRead More →
After the Parkland shooting in February of 2018, the New York Post implored President Trump to take action and “help stop the slaughter”: A year and a half later, not much has changed, apparently: That’s the cover of Monday’s edition, in which the editorial board, listing several recent mass shootings,Read More →
© Reuters. FX collusion scandal reaches Australia, class action launched By Byron Kaye SYDNEY (Reuters) – An Australian law firm filed a class action lawsuit on Monday against five major international investment banks accusing them of colluding to rig foreign exchange rates during 2008-2013 to jack up profits at theRead More →
Don’t miss these top money and investing features: Stories engaging MarketWatch readers this past week include a couple of doses of hard retirement reality: What to do if you are over 50 years old and have no retirement savings, and what you give up by retiring early. Both situations callRead More →
U.S. stocks late-morning Monday traded near their lows of the session, amid concerns that the current two-month rally from December lows overpriced. Those concerns appeared to overshadow reports that a U.S.-China trade pact was near. How did benchmarks fare? The Dow Jones Industrial Average DJIA, -1.18% fell 256 points, orRead More →
© Reuters. South Korean court suspends regulator’s disciplinary action against Samsung BioLogics SEOUL (Reuters) – A South Korean court has suspended the financial regulator’s disciplinary action against Samsung (KS:) BioLogics Co Ltd (KS:) over breach of accounting rules, an official at the Seoul Administrative Court said on Tuesday. Samsung BioLogicsRead More →
© Reuters. FILE PHOTO: U.S. President Donald Trump and North Korean leader Kim Jong Un walk after lunch at the Capella Hotel on Sentosa island in Singapore SEOUL (Reuters) – North Korean leader Kim Jong Un said on Tuesday that his resolve for complete denuclearization remains unchanged but he mayRead More →
