News24.com | Most Asian, European markets lifted by recovery optimism

Financial stock exchange market display screen board on the street Most markets in Asia and Europe rose Thursday as investors welcomed a strong jobs report from the United States.US private firms added 742 000 jobs in April, marking a fourth straight monthly gain.The reading confirmed that the battle against unemployment is being won, and analysts…

News24.com | Parly wants Mkhize, MECs to account for ‘careless manner in which PPE stock, contracts were handled’

Health Minister Zweli Mkhize. (Photo: Sharon Seretlo/Gallo Images) Officials from the Auditor-General presented their findings of an audit of the health department’s Covid-19 expenditure.Officials found personal protective equipment (PPE) were procured at prices higher than approved market-related rates.Some suppliers received payment for delivering substandard products.Personal protective equipment (PPE) were procured at prices higher than approved…

News24.com | Europe stocks waver in opening deals

European stock markets diverged at the start of trading on Monday in a hesitant start to the week, despite gains across most of Asia.London’s benchmark FTSE 100 index dipped 0.2% compared with the closing level on Friday, to 6 926.18 points.In the eurozone, the Paris CAC 40 index also fell 0.2% to 6 248.84, but…

News24.com | Reserve Bank’s Unathi Kamlana named commissioner of financial sector regulator

Unathi Kamlana has been named the commissioner of the Financial Sector Conduct Authority. Top Reserve Bank official Unathi Kamlana has been named the new commissioner of market regulator the Financial Sector Conduct Authority (FSCA). His term will last for five years. Finance Minister Tito Mboweni made the announcement on Thursday.Kamlana is currently the head of the department…

News24.com | Wall Street continues sell-off at open, Dow -0.4%

Democrats and Republicans in Washington are in the final two weeks of negotiations before the November 3 presidential election on new spending measures to boost the US economy after the coronavirus pandemic caused grievous damage earlier in the year. US stocks opened lower on Tuesday, as traders continued to cash out of the recent rally…

News24.com | Stock retreat as Covid fears advance

Globe with digital tablet, laptop and smartphone showing international markets. Stock markets slid Tuesday, with Wall Street continuing to retreat from record highs and Japan fearing a renewed Covid-19 surge.Japan’s Nikkei ended the day down 2% after investors took in calls for new states of emergency in the Osaka region and possibly Tokyo.Wall Street’s main…