LOOMING JOB LOSSES: A protesting employee of the Imperial Tobacco plant in Carquefou, France. The company will close factories in Britain and France with the loss of 900 jobs, citing a sales drop, tough anti-smoking rules and contraband sales growth. (Jean-Sebastien Evrard, AFP)
In other news
Chinese e-commerce giant Alibaba is expected to file for its US initial public offering next week, moving closer to the biggest-ever listing by a tech firm.
South African stocks have been dragged lower by top tier mining stocks as global gold prices slumped by more than 2% on US dollar strength.
US stocks have finished higher after a wild swing lower, led by tech stocks that saw the Nasdaq Composite index down nearly 2% at one point.
Oil prices have been mixed in Asia after Chinese economic growth slowed further in the first quarter of the year, while investors await the US supply report.
Asian markets have mostly risen following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts.
Consumer prices increased by a seasonally adjusted 0.2% in March, according to data from the Bureau of Labour Statistics.
The reopened Hariga port is on course for its first export shipment since a deal to end months of closures at its main oil terminals, the National Oil Corp says.
SA entrepreneur Allon Raiz, CEO of Raizcorp, presented masterclasses on entrepreneurship at the University of Oxford’s Saïd Business School.