Archive for March 30th, 2010

Johannesburg, Mar 30 (I-Net Bridge)   South African equities and stock futures ended in lower on Tuesday on the back of some profit-taking and a downturn in the Dow.
The rand on the other hand was remained firm in late trade in line with other emerging market and commodity based currencies.
Wednesday sees the release of trade data… »

Global miners have passed a milestone in their efforts to change the way iron ore benchmark prices are set by convincing major steelmakers to adopt prices more closely linked to the spot market.

BHP Billiton said on Tuesday that a “significant number”of Asian steelmakers had agreed to move from the 40-year-old pricing system based on annual… »

Data provided by I-Net Bridge, and after a year long sabbatical, it’s welcome back to the analysis of Lavan Gopaul from Merchant Fund Managers in… »

Lindsay Williams interviews Leandro Gastaldi from Anglorand Securities on the two major ‘tail-risks’ facing the global economy, and how South Africa might be… »

Another major tail-risk facing the global economy over the next 2 years will be the potential for a hard-landing in two of the four key BRIC countries, China and India. A hard-landing in India will not have a significant global impact, but this will not be the case in the far larger Chinese economy. Of… »

By André Roux, head of fixed income, Investec Asset management

The National Treasury released the Budget numbers for February today.  The market had expected a deficit of some R14 billion, which is in line with the revised budget estimates announced during Minister Gordhan’s recent Budget, after adjusting for the typical… »

Retail chain Clicks Group (CLS) advised on Tuesday that the group’s diluted headline earnings per share for the six month period ended 28 February 2010 are expected to be between 20% and 25% higher than the corresponding period last year.
Diluted earnings per share for the period are expected to… »

(Reuters) - When the head of the Asian Development Bank says his better-off members should become aid donors, not recipients, it’s a good indication that the region’s rise is not just a flash in the pan.

Asia’s banks were scarcely touched by the global credit crunch and its economies are now recovering briskly. The ADB is… »

Commodities sent the JSE straight into the black on Tuesday morning amid firm metal prices, with the local bourse also boosted by the sentiment in Asia and the US.
By 09:17 the JSE all share index had added 0.96%, with platinum miners up 2.47% and resources firmed 1.8%. Gold miners gained… »

The clock is ticking down toward an April 15 ruling by the U.S. Treasury on whether China is deliberately manipulating its currency to keep its exports competitive and gain an unfair advantage in global markets.

Beijing allowed the yuan to rise 21 percent against the dollar between July 2005 and July 2008 before effectively repegging the… »