Archive for April 13th, 2010

I-Net Bridge with the numbers on a nervous day, read by Lindsay Williams as the JSE… »

When we’re confused about the fundamental drivers behind the market, who better to turn to than Dr. Clive Roffey, controversial independent technical analyst. Clive chats to Lindsay Williams about the Dow, the ALSI, the Rand, other currencies, and of course, the… »

Now the dust is settling on the Greece rescue package, what is the prognosis for the Euro, the Eurozone, and the markets? Thanos Pappasavvas, head of currency management at Investec Asset Management in London talks to Lindsay Williams… »

Bank of America Merrill Lynch said Tuesday that a wholesale review of South Africa’s inflation outlook demonstrates that inflation is likely to fall much further this year than they had anticipated and as a result, they have slashed their 2010 inflation forecast from 6.3% to 5.0%.
The group also expects a further… »

The number of global issuers poised for downgrades continues to decline, reaching 694 in April from its record high of 1,028 a year ago, Standard and Poor’s Rating Agency said on Tuesday.
Potential downgrades are entities that have either a negative rating outlook or ratings on CreditWatch with negative implications… »

The JSE opened slightly weaker in early trade on Tuesday, in line with softer Asian markets, but was beginning to tick up in the first quarter hour of trade and was last trading flat.
Although the Dow Jones industrial average closed above 11,000 for the first time since September 2008, shares… »

SHANGHAI — Chinese Internet portal Tencent Holdings said it will acquire a 10.26 percent stake in Digital Sky Technologies Ltd (DST), a Russian Internet investment firm and Facebook shareholder.

Tencent, best known for its popular instant messaging and online game platforms in China, said it will pay 300 million dollars for the stake in Digital Sky,… »

Iceland’s banks gave “excessive” loans to a handful of powerful billionaires, including Robert Tchenguiz, the property entrepreneur, Jon Asgeir Johannesson, the retail tycoon, and Bjorgolfur Gudmundsson, the former owner of West Ham FC, according to a damning inquiry…. »

Euphoria over a joint EU-IMF rescue deal for Greece worth €45bn (£39.8bn) has given way to caution after angry reactions in Germany and continued concerns among bond investors that any bail-out merely delays the day of reckoning…. »

The ANC seems unlikely to withdraw its stake in Germany-based Hitachi Power Africa despite treasurer-general Mathews Phosa at the weekend putting a timeline on the disposal of a 25 percent interest in the company.

This is the second time in as many years that the ruling party had given an undertaking it would dispose of its… »