adminTraders brace for Fed pause, start unwinding cut wagers
Trading in options on US short-term interest rates heated up before and after May inflation data released Tuesday, with notable flows including apparent unwinds of wagers on Federal Reserve rate cuts later this year amid continued positioning for a pause in the hiking cycle yesterday.
China, Arab states expand economic, trade relations
China and Arab countries are swiftly expanding economic and trade cooperation in all fields, as more than 3 500 Chinese and Arab officials and business representatives gathered in Riyadh, capital of Saudi Arabia for a major business conference, in which dozens of deals worth billions of dollars were inked.
US consumer price increases slow; underlying inflation sticky
US consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong, supporting the view that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture.
Oil holds as broad China stimulus plan aids sentiment
Oil held onto a sharp overnight gain that was driven by signs China is shifting into stimulus mode and a US plan to replenish reserves.
Platinum Queens seek to maintain consistency
Ellina Mhlanga Senior Sports Reporter PREMIER Netball League defending champions Platinum Queens’ coach Simbarashe Mlambo says they need to maintain consistency in their games after taking over pole position from…
AfFCTA cannot prosper without vibrant Zim: AfDB
African Development Bank (AfDB) president Dr Akinwumi Adesina believes development partners need to “walk with” Zimbabwe at the time the country is reeling under the heavy burden of illegal economic sanctions.
EcoCash seen enjoying surge in US transactions
Market analysts expect listed fintech group EcoCash Holdings to enjoy an uptick in US dollar transactions during the current financial year, albeit a challenging macroeconomic landscape.
SAA deal in sight as minorities agree to sell
The minority shareholders in the Takatso Consortium have accepted the Competition Commission condition that they exit the strategic equity partnership with South African Airways (SAA) in order for the deal to go through.
‘Biggest losers of AI boom are knowledge workers’
The worldwide boom in generative artificial intelligence will usher in an age of accelerated productivity and greater prosperity for some — and profound disruption for others, primarily knowledge workers, according to a new report by consultants McKinsey & Co.
Mavu elected new Child President
Rutendo Gomwe Herald Correspondent The new Child President for the Junior Parliament is Neville Mavu of Goromonzi High School who won an election presided over by the Zimbabwe Youth Council…