US dollar starts week under pressure

The dollar's record hot streak came under threat yesterday as Asia's biggest central banks took aim in different ways at the recent rally in the greenback.The People's Bank of China gave a strong warn...

By Bloomberg | Published: 12 September 2023


China dumps dollars

SOME Chinese banks today sold off large amounts of dollars to devalue the yuan, further rattling investors.The move by Chinese banks was likely at the behest of the Chinese government, analysts said, ...

By Staff reporter | Published: 27 June 2018


EU to launch tariffs against US on Friday

The EU will target emblematic US exports such as blue jeansThe European Union will launch a raft of retaliatory tariffs against US exports on Friday, a top official has said.The move comes after US Pr...

By BBC | Published: 20 June 2018


Trump puts 25% tariff on $50bn Chinese goods

US President Donald Trump has imposed 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft.Tariffs that affect more than 800 products worth $34bn in annual tra...

By BBC | Published: 15 June 2018


Maduro expels US envoy amid new sanctions

President Nicolas Maduro ordered the expulsion of the top US diplomat in Venezuela following a new round of sanctions imposed by Washington over his re-election.Maduro announced the move in a national...

By Staff reporter | Published: 24 May 2018


Dollar strengthens back towards 2018 high

The dollar climbed back towards its highest level in 2018 on Monday as investors continued to bet that rising interest rates in the United States would boost the greenback.The index measuring the doll...

By Reuters | Published: 08 May 2018


Jeff Bezos surpassed Bill Gates

Amazon founder Jeff Bezos surpassed Bill Gates as the world's richest person on Thursday … at least for a few hours.Shares of the online retailer had surged as US markets opened, and climbed as much...

By Staff reporter | Published: 31 July 2017


US nicotine announcement threatens tobacco producers

The JSE was dragged into the red by British American Tobacco and Reinet which hold a large investment in British American Tobacco.The move occurred late in the local session after the US Food and Drug...

By Staff reporter | Published: 29 July 2017


Microsoft's Bill Gates steps down

Seattle - Microsoft named company veteran Satya Nadella as its next chief executive officer on Tuesday, ending a longer-than-expected search for a new leader after Steve Ballmer announced his intentio...

By Reuters, AFP | Published: 04 February 2014


Wealthy families hoarding cash, says Citi

A new survey of family offices by Citi finds that the wealthy are cash heavy  - meaning they may fall short of the investment returns they're expecting.Wealthy families have about 39 percent of t...

By CNBC's Lawrence Delevingne. | Published: 04 November 2013


US Government shuts down

WASHINGTON - The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to br...

By Bloomberg | Published: 01 October 2013


BlackBerry posts $965m loss

Ottawa - BlackBerry said Friday that it lost $965m in the past quarter, confirming preliminary figures showing a rapidly eroding picture for the Canadian smartphone maker.The company, which had given ...

By AFP | Published: 27 September 2013


BlackBerry is in a death spiral - analyst

Toronto - BlackBerry's plan to retreat from the consumer market in favour of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn ...

By Reuters | Published: 23 September 2013


BlackBerry unveils the Z30 as its new flagship

Toronto - BlackBerry launched its new Z30 flagship smartphone on Wednesday, as it battles to win back market share despite uncertainty around its future.Once a pioneer in the smartphone arena, BlackBe...

By Reuters | Published: 18 September 2013


Apple unveils new iPhone 5s and 5c

Apple has unveiled two new iPhones: the 5S, which has a significantly faster processor and an extremely cool feature in the fingerprint sensor, and the budget 5C version.These are the phones the compa...

By Staff reporter | Published: 11 September 2013


Microsoft to buy Nokia's mobile phone business unit

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 45% on new...

By BBC | Published: 03 September 2013


Microsoft CEO Steve Ballmer to retire within 12 months

Steve Ballmer has been CEO of Microsoft MSFT +8.18% since taking over from Bill Gates in January 2000, but his long tenure is drawing to a close.The tech giant said Friday that Ballmer has decided to ...

By Business reporter | Published: 23 August 2013


Moody's considers downgrading top US banks

NEW YORK - Moody's has warned that it could cut the credit ratings of the six biggest US banks, saying the federal government may be less likely to bail them out if they got into trouble in the future...

By FT | Published: 23 August 2013


Tesla says model S Sedan receives top U.S. crash rating

Los Angeles-Tesla Motors Inc (TSLA), the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators.T...

By Bloomberg | Published: 21 August 2013


New iPhone to be revealed soon - report

New York - Apple is to unveil its next iPhone on 10 September, according to The Wall Street Journal blog AllThings D.The blog cited unnamed sources for its report. An Apple representative declined to...

By Staff reporter | Published: 12 August 2013


BlackBerry mulls selling itself

New York - Struggling smartphone maker BlackBerry said Monday it is examining "strategic alternatives," including the possibility of selling off the firm.The Canadian firm said it had formed a committ...

By AFP | Published: 12 August 2013


Fed to force banks to follow tougher capital rules

The Federal Reserve warned US banks to expect a new raft of regulations on top of the Basel III capital regime it implemented on Tuesday. At a board meeting in Washington, Fed officials led by chairma...

By FT | Published: 03 July 2013


Who will succeed Ben Bernanke?

Washington - The White House has assembled a short list of candidates to succeed Federal Reserve Chairman Ben Bernanke, a source familiar with the process said last week, and US Treasury Secretary Jac...

By Reuters | Published: 01 July 2013


New $100 bill expected in October

New York - For only the fourth time in history, there will be a new $100 bill.America's Federal Reserve announced that after a three-year delay due to slower-than-expected production there will be an ...

By CNNMoney | Published: 30 June 2013


Morgan Stanley completes purchase of Smith Barney Venture

Morgan Stanley (MS) completed its purchase of a brokerage joint venture with Citigroup Inc.'s Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.Mo...

By Michael J. Moore | Published: 30 June 2013

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