It has been a slightly more eventful week this week with the precious metal. There were a couple of fundamental/economic releases that influenced Gold’s movements this week - which has provided some enticing opportunities for investors. Read more.
Breaking financial news from South Africa, Africa, and the world.
A slight decline in the dollar was reported, but it was headed toward its best week in seven months. Investors increased their bets on multiple U.S. interest rate hikes in 2022, which pushed the U.S. currency against the euro past key levels. Read more.
rmany’s consumer confidence deteriorated slower in January. Will the EURUSD price retreat persist? Read more.
Gold production for H1FY22 from the South African operations remains stable at 22,355 kilograms (718,726 ounces) compared to the 22,031 kilograms (708,310 ounces) produced in the previous six month period ended June 30, 2021. Read more.
Intel on Wednesday after the bell reported results for the fourth quarter ended Dec. 26, Wednesday. Shares fell as much as 3% in volatile extended trading before recovering. Read more.
In the United States, the number of cattle in feedlots has increased. Will the LCATTLE quotes continue to decline? Read more.
The Russian soccer club Spartak Moscow has announced that it will launch its official Fan Token $FCSM on Socios.com, the leading platform for fan engagement and rewards. Read more.
Based on currently available information, shareholders are advised that the Company expects earnings per share to improve from a loss of R1.80 per share in the comparative period to a profit within a range of R5.80 and R6.10 per share in the period. Read more. Read more.
Microsoft reported fiscal second-quarter profit and revenue that beat expectations. The stock initially dipped in extended trading, but turned higher after the company issued a revenue forecast that also beat estimates. Revenue rose 20% from the year-ago quarter, compared with growth of nearly 22% in the previous quarter, it said in a statement. Microsoft's net income rose 21% to $18.77 billion. The company had $36.77 billion in unrealized revenue at year-end, below the StreetAccount consensus of $36.90 billion. Microsoft said it expects to book 45% of its remaining $152 billion in performance obligations next year. That's the first time that percentage has slipped below 50% since at
Shoprite Group - Africa's largest food retailer - intends to sell only locally produced sugar in its 1,189 Shoprite, Checkers, Checkers Hyper and Usave supermarkets in South Africa to encourage consumers to buy locally. Read more.
Consumer goods giant Unilever will announce thousands of job cuts this week. The Marmite and Dove soap maker will cut jobs in more than 100 countries, with cuts planned in the "low thousands," a source said. Read more.
The New York Times published an article pointing to the possibility of an increase in the number of American troops in Eastern Europe due to the political crisis in Ukraine. Read more.