US durable goods orders added 0.4% in April after rising 0.6% a month earlier, slightly weaker than the 0.6% increase expected. Excluding transportation, orders rose by 0.3% in April, following a 1.1% increase a month earlier.
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Alphamin Resources, and Tiger Brands traded strongly today. On the downside, Rand Merchant and Discovery holdings were down today, 20 April.
Visa, an American listed payment giant, is collaborating with Bantu Blockchain Foundation (Bantu), custodians of the Bantu Blockchain Network infrastructure. Read more.
JSE-listed automotive components and energy storage solutions manufacturer Metair Investments will invest more than R700 million in its automotive components business in South Africa this year. Read more.
ameStop shares fell about 8% in extended trading Thursday after the video game retailer reported an unexpected Christmas quarter loss and declined to provide a financial outlook. Read more.
The software company, headquartered in Germany SAP, will repay the South African Water and Sewerage Authority at least 263 million rand ($17.5 million) for licensing and support contracts that were declared invalid, a court order shows. Read more.
The first quarter (Q1) of 2022 has proved to be a historical start to the year in particular for some markets such as nickel and wheat trade. Much of the price action was initially driven by inflation concerns as global economies began to open more after Covid-19 forced lockdowns. Read more.
Pfizer plans to submit data for a fourth Covid vaccine to the Food and Drug Administration soon. The company is working on a vaccine that protects against all variants of the coronavirus, CEO Albert Bourla told CNBC on Friday. Read more.
Standard Bank Group Limited (SBG or Group) increased its profit by 57% to R25.0 billion in the twelve months to 31 December 2021 (FY21), driven by a recovery in customer activity, an improvement in customer balances and real growth in our underlying business. Read more.
Nedbank Group's financial results for 2021 reflect a strong recovery from a low base in 2020. Total income (HE) increased 115% to R11.7 billion in 2021, but is still 7% below 2019 levels. HE Growth was driven by significantly lower impairments, a higher net interest margin, a recovery in NIR growth, disciplined cost management and stronger financial performance from our investment in ETI. Key drivers of shareholder value creation were also positive, with net asset value per share up 11%, ROE improving to 12.5% (2020: 6.2%) and full year dividends of 1,191 cents per share at 2.02 times cover. Read more.