Why Brexit is a double blow to the regions that voted to leave the EU

By Olivier Sykes & Philip O’Brien Impact studies have revealed how different parts of the UK will suffer from Brexit more than others. One irony, as many have pointed out,…

Rand softens after departure of pro-trade Trump official

The departure of US President Donald Trump’s pro-trade economic adviser, Gary Cohn, resulted in a return of risk-off sentiment in global markets on Wednesday morning, with the rand slightly softer against major…

Oil prices fall as Trump adviser’s exit stokes trade war fears

SINGAPORE – Oil prices fell on Wednesday, pulled down by declining stock markets after a key advocate for free trade in the U.S. government resigned, stoking concerns Washington will go ahead…

Equities extend losses

HARARE – The local equities market’s All Share index inched down 0.01 points to end at 86.70 as four counters lost ground.

ASA Resources delists from London

Tawanda Musarurwa HARARE – Troubled mining group Asa Resource Group Plc (formerly Mwana Africa) has had its shares cancelled from trading on the London exchange

‘Zim should address ballooning RTGS balances’

Enacy Mapakame HARARE – Government needs to address the ballooning RTGS balances, as there is a current mismatch between the RTGS and actual money in circulation.

U.S. security panel deals major blow to Broadcom’s bid for Qualcomm

The U.S. government has ordered a national security review of Singapore-based Broadcom Ltd’s $117 billion bid for Qualcomm Inc, in an unusual move that prompted Qualcomm to delay its March…

Huge pension fund deficits are a global crisis in waiting

By Ania Zalewska In the past decade, the banking industry has been a central focus of attention for regulators, academics and the general public. The 2007-08 financial crisis led to new…

Bonds marginally firmer as rand finds support

Local government bonds were marginally firmer on Tuesday morning, tracking overnight gains in the rand, as investors waited for a series of risk events later in the week.

RioZim moves to exploit its claims in the Sese area

HARARE – Resources firm RioZim intends to  invest up to $25 million to explore and develop its diamond claims in  the Sese communal lands in Chivi, Masvingo province, a senior…

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