Malaysia Airlines is on the verge of bankruptcy, losing up to $2 million every day, after its flight MH370 disappeared in March and MH17 crashed four months later, Agence France-Presse wrote Sunday citing analysts from a Malaysia-based aviation consultancy Endau … Read the rest
Talks under the auspices of the global Financial Stability Board (FSB) over the summer are approaching a key stage as officials aim to clinch an agreement on bail-ins and the bailing in of creditors including depositors of banks.
Finance officials … Read the rest
The Swiss National Bank and the People’s Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss … Read the rest
The department of energy will be devoting almost R1-billion to cementing South Africa’s nuclear energy expansion ambitions.
In her budget vote speech on Monday, Energy Minister Tina Joemat-Pettersson said that R850-million had been allocated to the department and its relevant … Read the rest
It appears that having pushed France forcefully into the Russia-China Eurasian, and anti-US camp, the US will now do the same with Germany. Because after infuriating the German population by first refusing to return their gold at the New York … Read the rest
In its continued push to make the yuan a global currency, China’s central bank said Sunday it plans to designate clearing banks for its currency in Paris and Luxembourg, as the two financial centers battle with London to become the … Read the rest
Analysts and investors have never disagreed more about what price to pay for shares in ClickSoftware Technologies Ltd. (CKSW), the Israeli developer whose largest stockholder is billionaire George Soros.
ClickSoftware, which makes computer programs to manage workforces, reached a five-month … Read the rest
Executive director of the Free Market Foundation, Leon Louw says the return of nuclear power run by the current government will be a ‘catastrophe’.
“This government has shown conclusively that it is unable to manage electricity … Nuclear will make the … Read the rest
Uganda’s shilling dropped to the lowest level in nine months after the US government said it was cutting aid to the East African nation.
The US cut aid over a February law that toughened punishment for homosexual acts.
The currency fell … Read the rest
For as little as US$100 a company called F4P tells investors they could get a share of the profits made from buying and selling well-priced properties in the United States, where transfer costs are low and there’s no short supply of … Read the rest
It was another good week for the stock market. The Dow Jones industrial average and Standard & Poor’s 500 index both ended Friday at record highs. It was the third consecutive day the S&P 500 index reached a new record, … Read the rest
Treasury 30-year bonds dropped as investors bet on faster inflation even as Federal Reserve Chair Janet Yellen dismissed signs of rising consumer prices.
Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina says “Fed officials will … Read the rest
Today’s double dose of codswallop is the oil price.
Turmoil in Iraq is the predictable last chapter of the fiasco that began with a pack of lies about atomic bicycles from Dubya and Blair. Same old same old: US goes … Read the rest
Gold was up $42.70 per ounce in trading today.
The New York spot price was $1,320.20
Also on Wall Street, investors remained in a record-setting mood Thursday.
The Standard & Poor’s 500 index closed at an all-time high for the … Read the rest