Stock markets largely rose on Wednesday, tracking an overnight Wall Street rally after the Federal Reserve chief expressed confidence in the US economy despite global trade war fears. In foreign exchange, the pound slid to a 2018 low at $1.3010 on slightly receding prospects of a UK interest-rate hike next month after British inflation undershot […]

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South Africa just had its strongest bond auction since March, a sign investors see value in the country’s debt after a sell-off sparked by Turkey’s currency woes. Traders placed R9.77bn of orders, or more than four times the R2.4bn of securities on sale, at the scheduled weekly Treasury auction on Tuesday, according to data published […]

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Stock markets mostly fell on Wednesday, with commodities-linked assets hit by dollar strength, while the Turkish lira recovered further. The lira is in recovery mode after tumbling Monday to fresh record lows versus the dollar and euro. Turkey on Wednesday said it was hiking tariffs on imports of several key US products in retaliation for […]

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Analysts are calling e-retailer Alibaba Group Holding Ltd (NYSE: BABA) the “Amazon of China” and for good reason, as the company seems to have opened the throttle financially in recent months and revenues are pouring in. The online-only retailer, founded in 1999, first traded publicly traded in the U.S. in 2014. Alibaba’s initial public offering was the largest […]

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A global markets rally faltered on Wednesday as the ongoing US-China trade row eroded investor sentiment, dealers said. Wall Street stocks retreated at the opening bell, with the Dow slipping less than a tenth of a percent. In Europe, Frankfurt and Paris stocks drifted downwards but London’s benchmark FTSE 100 index carved out a gain […]

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