markets

  1. LazyLion

    Low Economic Growth shows Government Failure: DA

    The slow economic growth experienced in the first quarter of 2013 highlights the failure of the government's economic policies, the DA said on Tuesday. Democratic Alliance spokesman Tim Harris said figures released by Statistics SA showing GDP growth of under one percent were an indication...
  3. LazyLion

    'Reward for anarchy' sees rand on the run

    The rand dived to a four-year low and gold mining shares took a pounding as fears spread that unaffordable wage demands will lead to strikes as soon as next month. There are worries in an industry facing "a major crisis of survival" that the Association of Mineworkers and Construction Union...
  4. LazyLion

    SAA Borrows R1.5 Billion to keep Running

    SA Airways has postponed its bond issue in favour of borrowing R1.5 billion from two banks, it was reported on Monday. Chief financial officer Wolf Meyer told Business Day this was until the Cabinet adopted the airline's turnaround plans. The R1.5bn was working capital to keep operations...
  5. LazyLion

    Apple Gains in US Smartphone Market: Report

    Industry tracker comScore on Friday reported that Apple gained ground in the US smartphone market, nibbling into the lead held by handsets powered by Google's Android software. Apple's share of the US smartphone market climbed nearly three percent to 39 percent in the first three months of...
  6. LazyLion

    Apple Prepares for First Debt Issue

    Apple moved Monday toward its first-ever debt issue, filing documents describing plans for bond sales which would be used to pay dividends in an effort to stem its stock slide. "We may, from time to time, offer to sell debt securities in one or more offerings," the California tech giant said...
  7. LazyLion

    Pepsico Beats Expectations but Soda Struggles

    PepsiCo is selling more its snacks and drinks around the world but the maker of Frito-Lay, Gatorade and Quaker Oats is still trying to figure out how to sell more soda in the United States. The Purchase, New York-based company on Thursday reported a first-quarter profit that beat Wall Street...
  8. LazyLion

    SA Mining Lost Billions During Strikes

    South Africa's mining industry lost over R15 billion in production during the strikes in the 2012/2013 financial year, according to figures released by the SA Institute of Race Relations (SAIRR) on Thursday. Just over R10bn was lost in gold and platinum production during the mining sector...
  9. LazyLion

    American US-Airways Merger OKed, Largest Airline

    American Airlines won bankruptcy court approval to combine with US Airways and form the world's biggest airline. "The merger is an excellent result. I don't think anybody disputes that," Judge Sean H. Lane said before issuing his decision Wednesday. But the judge declined to sign off on a...
  10. LazyLion

    Cash is King as Cyprus Crisis Bites

    With their country battling an acute banking crisis, Cyprus retailers are demanding hard cash for their goods, but worried residents say they will soon run short of money as banks stay firmly closed. With no end in sight to the turmoil, petrol stations, cafes, restaurants and neighbourhood...
  11. LazyLion

    Is South Africa the Odd BRIC out?

    The meeting of BRICS leaders in Durban next week could uncharitably be described as a summit of the world's emerging economic powers, plus South Africa. On March 26-27 the African nation will -- for the first time since joining the Brazil, Russia, India and China grouping in 2011 -- host the...
  12. LazyLion

    Cyprus Revising Bank Levy Terms: EU Source

    Nicosia and international creditors were discussing Monday revisions to an unprecedented levy on bank accounts agreed in a bailout for Cyprus which has sparked market turmoil and fresh fears of debt crisis contagion, an EU source said. "The Cypriots are debating, finalising a new proposal,"...
  13. LazyLion

    Germany's Commerzbank to Raise $3.7 Billion in New Capital

    Germany's Commerzbank says it will raise EUR2.5 billion ($3.7 billlion) by issuing new shares and repay part of the government support it got when it was bailed out. The country's No. 2 lender said Wednesday that the share issue would let it repay government holdings known as silent...
  14. LazyLion

    Markets Sluggish After Chinese Data Dump

    Markets have started the week sluggishly Monday as investors pause for breath following a dash that's seen the Dow Jones index in the U.S. record a series of all-time highs. Chinese economic figures over the weekend were largely disappointing and prompted many investors to book some recent...
  15. LazyLion

    ATM Withdrawals Stagnant in February

    Withdrawals from ATMs across the country remained stagnant in February, increasing only 0.69 percent from January, Spark ATM Systems said on Monday. This followed a 9.18 percent drop in January, with the average cash withdrawal in February being R443.56, sales director Russel Berman said in a...
  16. LazyLion

    Google Cutting 1,200 More Motorola Jobs

    Google says it's cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. The latest reductions come on top of the 4,000 Motorola job cuts that Google Inc. announced last year, and they will be in countries including the U.S., China...
  17. LazyLion

    World Stocks Surge, Dow May Break All Time High

    World stocks rose Tuesday, and the Dow index was set to open within striking distance of its all-time high, after better than expected European economic data and China, the world's second largest economy, pledged to meet its growth targets. At China's ruling Communist Party's annual congress...
  18. LazyLion

    US Budget Impasse Weighs on Markets

    Uncertainty over the outcome of a budget battle in Washington pushed world stock markets lower on Monday. President Barack Obama and his political opponents have failed so far to agree on a way to roll back automatic spending cuts that took effect Friday. Those cuts slash $85 billion from the...
  19. G

    Current Markets Situation

    Hi Need some advice/guidance here. I haven't actively invested in the markets since about 2008 when I withdrew all my investments to buy a house. Now I've got some cash to play with (R100k) and was wondering: 1. Is it a good time to enter the market? Methinks yes because of the recent slide in...
  20. LazyLion

    Soros sees no bottom for world financial "collapse"

    http://www.reuters.com/article/newsOne/idUSTRE51K0A920090221
Back
Top
Sign up to the MyBroadband newsletter
X