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OPEC insiders reel as key minister fired during meeting

May 28 2017 19:00

As OPEC ministers gathered to agree a oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he had been fired.

International Markets

US stock rally falters, dollar gains as oil dips

May 26 2017 15:44

US stocks have stumbled after a six-day rally took them to all-time highs, while the dollar fluctuated with oil as investors assessed fresh US data.


JSE set to end week flat as strong rand dents dual-listed shares

May 26 2017 14:45

Share prices on the JSE have continued to move sideways and major indices will close the week almost unchanged, as the firm rand hurts demand for rand hedge shares.

International Markets

European stocks falter on oil slump, pound slides

May 26 2017 13:59

A slump in crude has weighed on energy shares as global equity markets headed for a lower finish to the week. The British pound slid.


Oil holds biggest loss in 3 weeks

May 26 2017 11:25

Oil has held its biggest loss in three weeks as OPEC’s move to prolong supply cuts for nine months disappointed investors hoping for more.

International Markets

European stocks falter on oil slum, pound slides

May 26 2017 11:17

A slump in crude has weighed on energy shares as global equity markets headed for a lower finish to the week. The British pound slid.

International Markets

A year after Brexit, stock investors calm before UK vote

May 26 2017 09:34

After a year of watching political shocks stir markets, investors are anticipating that Britain’s election will pass peacefully, leaving intact a five-week rally in UK stocks.


OPEC leaves market guessing on exit strategy after oil pact

May 26 2017 07:32

OPEC may be celebrating an historic deal to extend supply cuts, but after the party, the organisation will face a trio of questions it left unanswered.


JSE skids on firm rand and as SARB keeps rates on hold

May 25 2017 18:18

On the JSE, most of the blue chip stocks were trading in the red, led by rand hedge stocks which continued to slide due to the firmer rand.

International Markets

US stocks add to records, oil slips on OPEC

May 25 2017 15:41

US stocks have risen to fresh records amid optimism the Federal Reserve won’t move too swiftly to tighten monetary policy as the rate of economic growth falters.


JSE resources dip as rand nears two-month high

May 25 2017 13:15

Resources shares have been the big losers on the JSE as the rand extended gains to near a two-month high and the dollar stumbled on indications that the US will delay rate hikes.


Oil resumes gain toward $52 before OPEC meet

May 25 2017 09:13

Oil has climbed to a five-week high, nearing $52 a barrel before OPEC ministers meet in Vienna to decide on extending supply cuts.


Mere talk of Zuma ouster spurs bets on the rand

May 24 2017 23:10

Societe Generale, Credit Agricole and Citigroup are betting on a resurgence in the rand, which has lost 4% of its value since President Jacob Zuma sparked a crisis with a Cabinet reshuffle.

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