FAMILY offices in the Asia-Pacific have been in the spotlight in recent years. Singapore and Hong Kong, the regional wealth management hubs in Asia, have rolled out various incentives and schemes over the last five years to attract the largest […]
Gold edged lower on Monday after eking out a narrow gain last week, as investors assessed the U.S. Federal Reserve officials’ decision to flag further interest rate hikes ahead of a consumer inflation print later this week. Spot gold was […]
Ghana’s economic growth slowed slightly to 3.2% year-on-year in the second quarter compared with a downwardly revised 3.3% growth rate in the first quarter, the country’s statistics agency said on Wednesday. The gold-, oil- and cocoa-producing nation has been battling […]
The managing director/CEO, Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has said Africa is emerging as a critical global gas supply source, with production expected to double, solidifying the continent’s role in global energy security. He also said that natural […]
Sibanye Stillwater said it will enter talks with labour unions over a possible restructuring at one of its South African gold mines that could impact almost 3 000 people. The announcement is the latest blow for the company’s Kloof 4 […]
Oil climbed toward a 10-month high as the International Energy Agency added to warnings of a supply shortfall through the end of the year. West Texas Intermediate traded near $89 a barrel, after dipping 0.4% on Wednesday. Demand will eclipse […]
South Africa is experiencing a multi-billion-rand automotive investment boom. Multinational automotive group Stellantis confirmed on Wednesday its intention to invest R3 billion in South Africa to establish a state-of-the-art greenfields automotive plant at Coega in the Eastern Cape. Stellantis was […]
Asia-Pacific markets were lower on Friday as Japan released revised second-quarter gross domestic product figures. Hong Kong canceled trade for the whole day due to a storm warning. Japan’s Nikkei 225 extended losses from Thursday and fell 1.16%, closing at […]
Gold firmed on Friday as the dollar retreated from highs but the bullion was still en route to a weekly fall as traders looked beyond a widely expected pause by the Federal Reserve this month to focus on persistently resilient […]
Chinese developer Country Garden Holdings Co. has paid coupons on two-dollar bonds within grace periods, avoiding its first default and bringing some respite amid a liquidity crisis that’s shaken the nation’s financial markets. Among the most indebted property firms in […]
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