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BusinessLIVE - For Your Ear

Listen to the latest BusinessLIVE articles from the news desk of Business Day, Financial Mail and the Business Times.

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Daily English South Africa Business News · News
12,931 Episodes
360 – 380

Hopes of economic recovery from Covid-19 pandemic boost oil prices

London — Oil rose to $46 a barrel on Wednesday, gaining for a third day, supported by a report that US crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic. US crude stocks fell by 6.4-million barrels, the American Petroleum Institute…
2 Sep 2020 5AM 1 min

Decrease in US stockpiles lifts oil

Tokyo — Crude oil futures extended gains on Wednesday after a bigger-than-expected draw in US crude stockpiles and as solid US and Chinese factory activity fuelled optimism of a recovery from the pandemic, boosting investor risk appetite. Brent crude futures rose 37c to $45.95 a barrel as of 3.10am GMT,…
2 Sep 2020 2AM 3 min

Gold dips on rebounding dollar

Bengaluru — Gold prices slipped on Wednesday as the dollar rebounded after robust US manufacturing data bolstered the hope around global economic recovery, tempering the safe-haven bullion’s allure. Spot gold fell 0.3% to $1,964.75/oz by 2.51am GMT, after hitting its highest since August 19 at $1,991.91 on Tuesday. US gold…
2 Sep 2020 2AM 2 min

Asian shares edge higher after upbeat US data

Tokyo/New York — Asian shares inched up on Wednesday following buoyant US manufacturing indicators and a rally in US tech shares, with investors also expecting more policy support from Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.25% while Japan’s Nikkei advanced 0.35%. Mainland Chinese shares slipped slightly,…
2 Sep 2020 1AM 3 min

JSE faces mixed Asian markets on Wednesday

The JSE faces mixed Asian markets on Wednesday morning, with little to drive global direction, while locally South Africans have to contend load-shedding and focus remains on corruption. The rand is still rangebound, though President Cyril Ramaphosa appears to be taking a firmer grip on the ANC after the weekend’s…
2 Sep 2020 1AM 1 min

Facebook takes down Russian operation targeting voters in US

London — A Russian influence operation posed as an independent news outlet to target left-wing voters in the US and Britain, including by recruiting freelance journalists to write about domestic politics, Facebook said on Tuesday. Facebook said the operation — which partly focused on US politics and racial tensions in…
1 Sep 2020 4PM 4 min

Zimbabwe’s market regulator allows second bourse to open

Harare — Zimbabwe's markets regulator on Tuesday permitted a US dollar-denominated stock exchange to operate in the resort town of Victoria Falls, part of efforts to attract foreign investors to a country grappling with severe foreign exchange shortages. The Victoria Falls Stock Exchange (VFEX), which is owned by the Zimbabwe…
1 Sep 2020 4PM 1 min

Macron tells Lebanese leaders to implement changes or face sanctions

Beirut — French President Emmanuel Macron said on Tuesday Lebanese political leaders had agreed to form a government of experts in the next two weeks and that he expected the government to start delivering on a road map of reforms within six to eight weeks. “There is no blank cheque,”…
1 Sep 2020 4PM 3 min

There are lots of ideas about the economy — but no action

That SA is not short of ideas or plans to revive and grow its moribund economy is clear. There have been any number of economic plans from the government, the private sector and other social partners, and a plethora of experts have offered potential solutions to SA’s problems. But the…
1 Sep 2020 3PM 6 min

Argentina secures backing from creditors for debt restructuring

Buenos Aires — Argentina has defused fears of a messy default after it gained backing from creditors, allowing it to exchange 99% of the bonds involved in a $65bn restructuring, a deal that could set a precedent for future sovereign crises. After months of winding and tense negotiations, framed by…
1 Sep 2020 3PM 3 min

Kenya in talks with World Bank for budget-support loan

Nairobi — Kenya is in talks with the World Bank for a loan to provide further budget support, but a loan this financial year is unlikely, according to treasury secretary Ukur Yatani. The East African nation’s government and the lender were “still discussing policy areas” to be covered by the…
1 Sep 2020 2PM 1 min

Saudi king removes commander in Yemen over corruption claims

Riyadh — Saudi Arabia’s King Salman bin Abdulaziz al-Saud dismissed the commander of Saudi-led forces in Yemen and several other defence ministry employees on suspicion of corruption amid an ongoing political crackdown. Lt-Gen Prince Fahad bin Turki, a grandson of Saudi Arabia’s founding King Abdulaziz, was ordered to retire, according…
1 Sep 2020 1PM 2 min

Nicola Sturgeon announce plans for new Scottish independence referendum

London — Scotland's First Minister Nicola Sturgeon on Tuesday pledged to publish draft legislation for a new Scottish independence referendum, including the question and timing of the vote, before the country's parliamentary election in 2021. Sturgeon, who heads Edinburgh's pro-independence devolved government, put on hold plans for a second referendum…
1 Sep 2020 1PM 2 min

EDITORIAL: Buoyed Ramaphosa must use it or lose it

Depending on who is asked, the outcome of the ANC’s national executive committee (NEC) meeting over the weekend was either a turning point in Cyril Ramaphosa’s presidency or a non-event. Those who profess the latter will argue that a rebellion led by Tony Yengeni with the endorsement of Ramaphosa’s predecessor,…
1 Sep 2020 1PM 3 min

Charlie Hebdo to republish Prophet Muhammad cartoons that led to 2015 massacre

Paris — French satirical magazine Charlie Hebdo is republishing caricatures of the Prophet Muhammad that unleashed a wave of anger in the Muslim world to mark the start of the trial of alleged accomplices in the militant attack against it 2015. Among the cartoons, most of which were first published…
1 Sep 2020 1PM 1 min

Ending systemic and ingrained gender bias in corporate life needs the support of all

Investing time to build relationships and credibility is an antidote that women in leadership positions should use effectively to overcome gender-based discrimination and attenuate deeply ingrained patriarchal practices that are a result of centuries of socialisation. Studies have shown that the number of women leading corporate SA is still negligible…
1 Sep 2020 12PM 4 min

Iran’s Khamenei says UAE has ‘betrayed’ the Muslim world with Israel deal

Dubai — The United Arab Emirates (UAE) has betrayed the Islamic world and the Palestinians by reaching a deal on normalising ties with Israel, Iran's Ayatollah Ali Khamenei said on Tuesday. “Of course, the UAE's betrayal will not last long, but this stigma will always be remembered. They allowed the…
1 Sep 2020 11AM 1 min
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