He was once my journalism mentor, but today News24 exposes Willem Breytenbach as a sexual predator, writes Adriaan Basson.
Stocks in Europe were buoyed following a report that China was considering cutting taxes on car purchases by more than half, to boost demand for the automobile sector which has been adversely affected by the trade war.
Proposed new debt listing requirements include stipulations that will compel state-owned entities looking to apply for debt securities to be more transparent.
The platform provides anonymity both pre-trade and post-trade and more price discovery, allowing traders to see live pricing.
The rand struggled against the US dollar as it weakened to a session low of R14.49/$ despite the US dollar trading mostly flat even as USA second quarter GDP numbers beat estimates.
Most movement was on USA GDP numbers which were released on Friday. The numbers came in slightly worse than expected at 4.1% annualized QoQ.
Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.
The rand retreated along with other emerging market currencies, particularly the Turkish lira.
Markets reacted positively to the news of Chinese central bank intervention in the yuan which plugged a four-week slide in the currency.
Global markets rose on Tuesday following upbeat earnings from Wall Street and improved investor appetite lifted stocks.
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