Archive for September 10th, 2009

Inet Bridge brings you the dope on local and international equities, currencies, and commodities. Read by Lindsay… »

A top Johannesburg based fund manager looks at the day’s action. There’s an air of caution in the spring air, methinks. Have a listen and see if you… »

David Gracey knows his stuff. He’s a currency legend, and apart from that has a grip on the potential effect of a debased Dollar. If you’re a bull, rein in your horns. If a bear, time to leave the… »

WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits fell last week to 550,000, according to a government report on Thursday that also showed the number of those collecting long-term aid tumbled.

Analysts polled by Reuters had expected initial claims to drop to 560,000, after reaching 576,000 the prior week, which… »

While welcoming the “generally positive” report on the country by the International Monetary Fund (IMF), South Africa’s government also said on Thursday that it does not share all the views expressed in the report, particularly recommendations relating to trade, industrial policy and the labour market.
The IMF on Thursday released its… »

Sept. 10 (Bloomberg) — The U.S. trade deficit widened in July and imports gained by a record in percentage terms as demand for cars, computers and oil increased.

The gap between imports and exports increased 16 percent, the most in more than a decade, to $32 billion from a revised $27.5 billion in June that… »

IMF: The short-term outlook for SA remains subdued
Johannesburg, Sep 10 (I-Net Bridge) - The short-term outlook for South Africa remains subdued, the International Monetary Fund (IMF) said Thursday.
Releasing its 2009 Article IV Consultation Staff Report and the Public Information Notice on South Africa, the IMF said output is expected to gradually recover,… »

Johannesburg, Sept 10 (I-Net Bridge) - The estimated manufacturing production for July 2009 decreased by 13.7% compared with July 2008, Statistics South Africa reported on Thursday.
It said the decrease was mainly due to lower production in the basic iron and steel, non-ferrous metal products, metal products and machinery division (-24.4% and contributing  5.6 percentage points),… »

The South African rand was a tad softer against the dollar in the morning session, having rallied in afternoon trade yesterday following speculation that MTN had reached a $24 billion preliminary agreement with Indian telecommunications giant Bharti Airtel.
At 08.45 the rand was bid at 7.5445 to the dollar from 7.4865 at… »

Johannesburg, Sep 10 (I-Net Bridge) - South African bonds were four basis points weaker in early trade on Thursday as investors started worrying about the real value on offer at current levels.
By 08:45 the short-term government R154 bond was bid at 7.290% from a previous close of 7.240%. The… »