Archive for May 21st, 2010

Lindsay Williams chats to a shell shocked trader and broker in Johannesburg about the day, the week, the… »

Listen again to the Sage of Sydney. Listen again. … »

Leading City experts have started raising the prospect of “Great Depression II” amid worries that the European economic crisis could trigger a deeper bout of… »

THE rand’s plunge in response to a renewed bout of global market turmoil yesterday was unlikely so far to have a major effect on the outlook for inflation and growth in SA, the Reserve Bank said…. »

The US Senate has passed legislation that will usher in the biggest overhaul of Wall Street since the Great Depression, fulfilling President Barack Obama’s vow to toughen regulation of the financial sector following the credit crisis.
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Bertrand Delanoë, the art-loving Mayor of Paris, had some explaining to do last night. A masked man had just climbed into the Musée d’Art Moderne and helped himself to five masterpieces — including a Picasso, a Matisse and a Modigliani.
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— Exxaro holds AGM.
— ACT releases annual results.
— Weekly treasury bill auction.
WHAT TO WATCH FOR:
With no major local economic data scheduled for today, local markets will continue to take their cue from international markets which continue along the path of decline amid continued jitters over Europe’s sovereign debt woes.
The rand will remain in the spotlight… »

Asia’s growth is accelerating as companies ship more cars, computers and commodities overseas, highlighting the role of exports in the region’s recovery and the risk of a slowdown should Europe’s debt crisis worsen.
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Global stocks plunged, extending a rout that wiped $5.3 trillion off market value this month, on concern Europe will struggle to contain its debt crisis and the U.S. economic recovery is faltering. Commodities slumped and bond risk surged.
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New worries about the health of the global economy flared Thursday, driving U.S. stocks to their first official correction since the bull market began last March, roiling credit markets and causing big swings in… »