Gold prices will likely eclipse last year’s record levels in the first half of the year, as stronger investment demand offsets the impact of relatively weak jewelry fabrication and lower de-hedging activity, a closely watched report said Wednesday.
Gold could average $1,175 (U.S.) an ounce in the first half of 2010, up from last year’s average… »
Wayne McCurrie from RMB Asset Management looks at stock markets that had every right to be under pressure, but yet again were lifted by the “Buy the Dips” mood that has pervaded for so long. Wayne is in conversation with Lindsay… »
Liston Meintjes talks to Lindsay Williams about the significant developments of the week so far. On the agenda; Chinese banks, US earnings, and employment… »
As always on a Wednesday, Chris Drummond, chairman of Benguela Cove Investments (Pty) Ltd casts an eye over the property market. This week we do the obvious; what to expect in… »
Shoprite 6m turnover up 11.9% to R33.1bn
Johannesburg, Jan 13 (I-Net Bridge) - Retailer Shoprite Holdings (SHP) said Wednesday that the group performed satisfactorily in the six months ended December 2009, growing turnover by 11.9% to 33.1 billion rand. Growth on a like-for-like basis was 6.4%.
This performance must be seen against internal inflation… »
FACTORY output contracted less sharply than expected in November, suggesting the economy’s second-biggest sector would continue to recover, boosting overall growth.
Manufacturing production shrank 4,7% compared with November 2008, its smallest fall since October that year, data from Statistics SA showed yesterday.
That was better than market forecasts for a contraction of 5,7% year on year, and… »
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WHAT TO WATCH FOR:
After a slow start to the year, activity on the South African financial markets is starting to pick up as schools reopen after the summer vacation and players return to the market.
Data to watch this week include November mining production and the SACCI December trade conditions… »
Asian stocks fell for the first time in four days, while copper and oil declined after China raised the amount banks have to hold in reserve. Hong Kong’s Hang Seng Index slumped the most in seven weeks.
The MSCI Asia Pacific Index lost 1.1 percent to 125.17 as of 12:10 p.m. in Tokyo, led by banks… »
Google Inc. said it may leave China after an investigation found the company had been hit with major cyber attacks it believes originated from the country — a move that would amount to a high-profile rebuke of China by a major U.S. firm.
The attack targeted as many as 34 different companies or other entities,… »
Commodity producers and industrial stocks led a broad market decline Tuesday following a disappointing profit report from Alcoa, which suffered its worst one-day percentage drop since shortly before the market’s historic lows last March.
Selling spread to almost every market sector, though the moves in major indexes were modest. The Dow Jones Industrial Average fell 36.73… »
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