Archive for November 26th, 2009

I felt nauseous when I read that Goldman Sachs, that absurd and perverse financial bookmaker, had ‘apologised’ to the world for its role in the so called financial crisis that has just passed but is far from over.
The company paid 2.3% of its bonus pool to small US businesses, a sum of $500m.
Such generousity! Try… »

THE problem that has nagged away at me these last few months is that this recovery has been too “easy”. We know (or think we know) that one of the reasons for the credit bubble was the repeated willingness of central banks to bail out the markets with low interest rates. They have done it… »

ONE of the biggest events in the Muslim calendar, Eid al-Adha, which begins this weekend, is supposed to be a festival of sacrifice. On November 25th investors in Dubai were given an early chance to get into the spirit of things. The emirate’s government asked creditors of Dubai World, one of three big government-backed conglomerates,… »

LONDON (Reuters) - Debt problems in Dubai struck financial markets hard on Thursday, sinking global stocks, lifting safe-haven bonds and driving the dollar higher.

Gold climbed to a new record high but fell back as the dollar rose. European shares had their worst daily loss in seven months.

Banking stocks came under particular pressure because of potential… »

Interim results from Resultscast’s favourite company. Koos Bekker, the visionary CEO, talks to Lindsay Williams about China, Russia, Brazil, and why he persists in his passion for… »

This week we lookm at the biggest picture all, the currency market. Can the euro/$ hold 1.50, or is it a false break in thin conditions? One of London’s most respected currency analysts talks to Marketscast about the markets that ultimately shape the financial… »

$1195. Yes, dollars per ounce. That was achieved while you were sleeping. Surely it can’t keep on going to new highs? The yellow metal’s prospects are looked at by independent analyst David Levenstein. And I warn you, he’s… »

Johannesburg, Nov 26 (I-Net Bridge) - South Africa’s producer price index (PPI) registered deflation of 3.3% year-on-year (y/y) in October from 3.7% y/y in September, Statistics South Africa (Stats SA) data on Thursday showed.

The PPI decreased 0.1% on a monthly basis after September’s monthly decrease of 3.2%.

… »

Johannesburg, Nov 26 (I-Net Bridge)   Resources giant BHP Billiton (BIL) on Thursday said it has been surprised by the speed at which China has recovered from the global economic crisis.
“Over the past six months we have seen quite a rebound in commodity prices and in particular, the velocity of the recovery in China has indeed… »

Media giant Naspers (NPN) on Thursday reported headline earnings per share of 6.48 rand for the six months ended September 30, up 36% from 4.76 rand earlier.
Fully diluted core HEPS of 6.34 rand were reported from 4.70 rand earlier.
Earnings per ordinary share were at 4.24… »