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Reuters

South Africa rand inches firmer on US stimulus hopes
Markets

South Africa rand inches firmer on US stimulus hopes

  • There has been a tentative improvement in risk appetite overnight after US President Trump posted a number of tweets suggesting he was once again open to piecemeal fiscal stimulus measures.
  • In fixed income, the yield on the benchmark government bond due in 2030 was 2 basis points higher at 9.555%..
Published 09 Oct, 2020 12:56am
Paris wheat eases back below 200 euros as rally stalls
Markets

Paris wheat eases back below 200 euros as rally stalls

  • December milling wheat, the most active contract on Paris-based Euronext, was down 1.50 euros, or 8%.
  • It earlier rose to 202.25 euros, matching Wednesday's life-of-contract high that was also a near five-month peak for a spot price.
Published 09 Oct, 2020 12:51am
Land Bank asks South Africa for extra $600mn support
Business

Land Bank asks South Africa for extra $600mn support

  • Land Bank, which has already had a 3 billion rand state cash injection in the 2020/21 fiscal year.
  • We have proposed R7 billion in 2021/22, and R1 billion per annum for the following three financial years for development.
Published 09 Oct, 2020 12:41am
Kosovo's economy to shrink 7.5pc in 2020, grow 6pc in 2021: IMF
World

Kosovo's economy to shrink 7.5pc in 2020, grow 6pc in 2021: IMF

  • The Washington-based lender said Kosovo's gross domestic product will lose 6 percentage points this year because of diaspora flows.
  • Financial policies should continue mitigating the shock of the pandemic to incomes without endangering banking sector stability.
Published 09 Oct, 2020 12:18am
US hits Iran's financial sector with fresh round of sanctions
World

US hits Iran's financial sector with fresh round of sanctions

  • The prohibitions did not apply to transactions for the provision of agricultural commodities, food, medicine or medical devices to Iran.
  • The sanctions Trump has reinstated target everything from oil sales to shipping and financial activities.
Published 08 Oct, 2020 11:48pm