Moody's maintains US credit rating, stable outlook

2015-10-07 14:12

Ratings agency Moody's Investors Service has upheld the United States' triple-A credit rating and stable outlook , but notes potential longer-term threats.

Transnet could cut billions off its spending plans

2015-10-07 12:53

Transnet is considering up to R200bn in cuts to its capital expansion plans over the next three years, say two sources at the company.

Greece sticks to bailout targets in draft budget

2015-10-06 16:30

Greece has stuck strictly to the targets enshrined in its international bailout programme in unveiling a draft budget which sees the economy shrinking in 2016.

US trade deficit widens by most in five months

2015-10-06 15:30

The US trade deficit has widened in August by the most in five months as imports picked up and weaker overseas growth limited sales to customers abroad.

UK services expand at slowest pace in two years

2015-10-05 11:15

UK services growth has faltered in September, highlighting the breadth of the fallout from weakness in the global economy.

US job growth cools, raising doubts on economy

2015-10-02 15:15

US employers have slammed the brakes on hiring over the last two months and wages fell, raising new doubts the economy is strong enough for an rate hike.

US jobless claims rise, shows firm labour market

2015-10-01 16:05

The number of new applications for US jobless benefits have risen modestly, pointing to ongoing tightening in the labour market.

Unpacking why SA could lose R23.4bn of US exports

2015-10-01 10:51

South Africa is fighting to retain duty-free access for exports to the US worth as much as R23.4bn a year in a dispute that pits farmers in the two nations against each other.

China reports official FX reserve data to IMF

2015-09-30 16:30

China is reporting data on its official reserves to the International Monetary Fund for the first time in an effort to provide more transparency.

China boosts gold reserves, diversifying assets

2015-09-30 11:15

China has boosted central bank gold holdings as the country that rivals India seeks to diversify its foreign exchange reserves.


Traders increasingly see delay for Fed rate hike

2015-10-07 13:05

The Federal Reserve is increasingly at odds with traders, even after the second consecutive month of US employment reports came in lower than economist forecasts.

US oil production on brink, say oil execs

2015-10-07 08:36

US oil production will start to decline soon unless oil prices rise, oil executives say, stating lower production could pave the way for a spike in the market.

OPEC chief sees oil market improving

2015-10-06 16:00

The Organisation of the Petroleum Exporting Countries sees the oil market improving because of higher demand for crude and a drop in supply growth from non-members.

Greece to unveil painful 2016 draft budget

2015-10-05 12:03

Greece will unveil a painful draft budget meant to satisfy international creditors, projecting the economy will stay in recession before returning to growth.

ANC's Mchunu says SA is drowning in debt

2015-10-03 19:36

KwaZulu-Natal ANC chairperson Senzo Mchunu says South Africans are getting deeper and deeper into debt.

Consumer comfort in US reaches highest level

2015-10-01 16:45

Consumers have been more upbeat last week than at any time since mid-July as Americans held the most favourable views of the buying climate in three months.

UK manufacturers cutting jobs points to concerns

2015-10-01 11:00

UK manufacturing has grown at a sluggish pace and employment fell for the first time in more than two years, indicating concern among executives about the outlook.

EU weighs regulatory burden, unveils market boost

2015-09-30 17:00

The European Commission will assess the impact of of regulation adopted in the wake of the financial crisis, as it turns its attention to job-creation.

China cuts minimum home down payment

2015-09-30 13:30

China’s central bank has cut the minimum home down payment required of first-time buyers for the first time in five years, showing support for the property market.

Americans shift away from traditional jobs

2015-09-30 09:19

Over 42 million Americans are part of the independent workforce, representing a shift away from traditional jobs as more people join 'on-demand' economy sector.

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