Fin24 Economy

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Updated: 1 day 8 hours ago

Fin24.com | More companies opt to sit out Trump’s coronation in Cleveland

Thursday, 16 June 2016
Top US corporations are cutting back on sponsorship of the Republican national convention in Cleveland, as Donald Trump promises a level of controversy rarely seen.

Fin24.com | African nations may curtail bond sales amid US policy tightening

Thursday, 16 June 2016
African governments could curtail foreign-currency bond sales because US policy tightening may make it pricier to pay back those debts, says the African Development Bank.

Fin24.com | Over 41 million face hunger in Sadc region due to drought

Thursday, 16 June 2016
More than 41.4 million in the Southern African Development Community are food insecure and about half of them need urgent help after the worst regional drought in 35 years.

Fin24.com | UK will lose R2.3trn by 2020 if Brexit occurs

Thursday, 16 June 2016
Leaving the EU would trigger a recession and set economic growth back by 6% by 2020, a report from the Economist Intelligence Unit has revealed.

Fin24.com | China bank lending rebounds strongly in May

Thursday, 16 June 2016
China's bank lending rebounded strongly in May, following a sharp fall in April as borrowers continued to take advantage of loosened lending standards.

Fin24.com | IMF tackles Mozambique debt crisis

Thursday, 16 June 2016
An IMF team has arrived in Mozambique to try to find a way out of a debt crisis that is crippling the economy of one of the world's poorest countries.

Fin24.com | Brexit vote influences Fed call to hold rates steady

Thursday, 16 June 2016
Federal Reserve chair Janet Yellen says next week’s Brexit referendum was a factor in the US central bank’s decision to hold interest rates steady.

Fin24.com | Nigeria to loan cash-strapped states $435m

Wednesday, 15 June 2016
Nigeria's government will loan its states a total of $453m in its latest effort to augment their monthly income and ease strain caused by plunging oil revenues.

Fin24.com | Ramaphosa: Thank unions, business for SA’s junk status escape

Wednesday, 15 June 2016
Deputy President Cyril Ramaphosa says SA has to thank the militant labour unions, as well as big business, for the country not being downgraded to junk status.

Fin24.com | Used car sales soar as consumer budgets take knock

Wednesday, 15 June 2016
Despite shrinking consumer spending in the past couple of months, total motor trade sales climbed by 9% year-on-year in April 2016, according to StatsSA.

Fin24.com | Retail sales subdued as consumers feel pinch

Wednesday, 15 June 2016
Retail sales increased marginally by 1.5% in April 2016 compared to the same period last year, StatsSA’s most recent retail trade data shows.

Fin24.com | UK jobless rate hits 11-year low

Wednesday, 15 June 2016
The UK labour market has showed signs of resilience in the face of the referendum on European Union membership as unemployment unexpectedly fell.

Fin24.com | Brexit would put a 'for sale' sign over much of UK

Wednesday, 15 June 2016
The independence of UK multinationals could be at risk if the pound collapses after a vote for Brexit. Shares denominated in pounds would suddenly look cheap.

Fin24.com | April wholesale trade sales jump 5.7% y/y

Wednesday, 15 June 2016
Wholesale trade sales increased by 5.7% in April 2016 compared with April 2015, Statistics SA has announced.

Fin24.com | How govt can speed up economic recovery

Wednesday, 15 June 2016
State-funded infrastructure spending offers the easiest and most realistic means for SA to achieve an inclusive economic recovery, says Overberg Asset Management.

Fin24.com | Professional migrants rush to and from SA - report

Wednesday, 15 June 2016
While SA is among the top 30 countries professional migrants like to move to, it is also among the top 30 countries they are rushing from, shows a report.

Fin24.com | Ramaphosa calls for fiercely independent trade movement

Wednesday, 15 June 2016
Deputy President Cyril Ramaphosa has called for a rejuvenation of the labour movement within the governing alliance.

Fin24.com | SA moving closer to higher interest rates

Tuesday, 14 June 2016
The SA Reserve Bank will likely begin raising interest rates again, owing to a growing current account deficit, declining growth and a weak currency, analysts predict.

Fin24.com | Rand dives as current account stays stubbornly wide

Tuesday, 14 June 2016
The rand has weakened sharply against the dollar, after the first-quarter current account deficit widened to 5% from a revised 4.6% in the fourth quarter of last year.

Fin24.com | Cartel conduct will now land you in jail for 10 years

Tuesday, 14 June 2016
Provisions in new laws that will see people found guilty of cartel conduct being fined up to R500 000 or imprisoned for up to 10 years have come into effect.

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