South Africa’s unemployment rate climbs weeks before election
South Africa’s unemployment rate rose for the second quarter in a row to 32.9% in…
Holcim eyes $30 billion valuation with N.American business listing, picks new CEO
Miljan Gutovic, currently head of Europe at Holcim, will replace Jan Jenisch as CEO beginning May 1, said the company, one of the world’s biggest cement makers.
Thai economy in recession, needs a boost -deputy Finance Minister
The rate should be lowered as high rates now are people’s burden. People can’t survive,” he told reporters.
Nigeria oil enters unclear new era after Shell’s onshore asset sale
Industry experts said Shell, Exxon and other majors who hoped to divest were not putting much money into developing onshore assets – hastening production decline.
South Africa’s unemployment rate climbs weeks before election
South Africa’s unemployment rate rose for the second quarter in a row to 32.9% in the first three months of this year, data showed on Tuesday, two weeks before the governing African National Congress faces its toughest election yet.
Dollar steady ahead of inflation data; sterling slips after job numbers
The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates.Â
Oil prices edge lower ahead of US inflation data; OPEC maintains forecasts
Oil prices edged slightly lower Tuesday, handing back some of the previous session’s gains in cautious trade ahead of key U.S. inflation data, while OPEC+ kept its demand and supply forecasts unchanged.Â
Bitcoin (BTC) Could Be on Verge of Surprising Comeback
 Bitcoin is showing the potential for a significant recovery, driven by recent ETF activities and price stabilization. According to SoSoValue, the Hong Kong Bitcoin Spot ETF saw a net redemption of 519.5 Bitcoins on May 13, bringing the total number of Bitcoins held to 3,560. This ETF has experienced net redemptions for three consecutive days, with…
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.13%
The best performers of the session on the Tadawul All Share were Al-Jouf Agriculture Development Co (TADAWUL:6070), which rose 7.58% or 4.70 points to trade at 66.70 at the close. Meanwhile, Basic Chemical Industries Co (TADAWUL:1210) added 5.36% or 1.85 points to end at 36.35 and AL-BABTAIN POWER &TELECOM CO (TADAWUL:2320) was up 3.91% or 1.75 points…
US futures, Chinese inflation, Arm’s AI division – what’s moving markets
U.S. stock futures edged higher Monday, continuing the recent positive tone ahead of the release of key inflation data, which could be the deciding factor in the near-term direction for markets.Â
Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE
The U.S. dollar edged higher Thursday, trading in a tight range ahead of next week’s all-important U.S. inflation data, while the pound slipped ahead of the Bank of England’s policy-setting meeting.
Oil slips on signs of weak fuel demand, strong dollar
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy.
Do Traditional Investors See Bitcoin as Risk Asset?
The surge in demand for Bitcoin has coincided with significant selling of gold ETFs, which experienced outflows of $7.7 billion over the same period, even as the price of gold reached an all-time high of $2,200 per troy ounce.
Maersk stock surges as shipping rates from Asia to Europe soar
The surge comes amid a sharp increase in the future prices for transporting a container from China to Europe in June 2024. Since October, these prices have skyrocketed by nearly 400%.
