Asian shares on edge as U.S. futures slip

SYDNEY – Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout.

Bonds recover as Zuma issue grinds towards conclusion

South African bonds firmed on Wednesday morning, as US treasuries and global equity markets rebounded from their recent precipitous fall.

Standard Bank partners UnionPay International to provide Africa with cashless access to China

HARARE – Standard Bank has signed an  agreement with UnionPay International to accept its cards from  entrepreneurs from Africa who want to do business in China.

Zim needs to walk the talk on investment climate reforms: Mudenda

HARARE – Service provision by most local  institutions in Zimbabwe is still archaic and needs to improve if the  country is sincere that it is open for business, Speaker of…

Forex issues to affect medium-term GDP growth: BAZ

Enacy Mapakame HARARE – The Bankers Association of Zimbabwe contends economic performance for the next five years will remain limited by some “binding constraints” mainly driven by foreign exchange challenges.

Post Offices critical for financial inclusion, e-commerce: PAPU

HARARE – The Pan African Postal Union (PAPU) says National Post Offices should expediently transform and take up their ‘natural’ role in driving financial inclusion and e-commerce in Sub Saharan…

Pickstone-Peerless in record quarterly gold output

HARARE – Chegutu-based gold producer, Pickstone-Peerless Gold Mine’s fourth quarter gold output jumped 28 percent from the previous quarter to a quarterly record of 6 057 ounces.

Private capital favours investing in copper over gold for first time

By Frik Els Gold projects are no longer the favourite destination of private capital raised for investment in the mining sector as optimism about electric vehicle demand steer funds into…

Oil prices fall more than 1 percent amid global market rout

SINGAPORE – Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the…

South Africa’s rand slips as Zuma deadlock weighs

JOHANNESBURG – South Africa’s rand was weaker early on Tuesday, hurt by a broad recovery in the dollar and locally by the political stalemate as the ruling African National Congress (ANC)…

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