Physical oil prices have fallen internationally, reflecting easing concerns over Russian-led supply disruptions and worries of a global economic slowdown
US retailers stocked up on goods last autumn and winter only to face a demand downturn as consumers divert spending to increasingly expensive fuel and food
Ramaphosa gave the Special Investigating Unit the green light to investigate allegations against the two boards earlier in August
The party has decided there should not be a cooling-off period as provided for in the Electoral Amendment Bill
Headline earnings could rise as much as 73% to R5.455bn in the insurer’s half-year to end-June
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Reducing people’s unnecessary movement for a few days as soon as new cases emerge is a key practice of the East Asian country’s Covid-zero strategy
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
Mercedes-Benz will bring its luxurious EQS electric vehicle to SA later in 2022
Shares of social media giant Facebook fell on Wednesday after the stock got its first downgrade since January.
Research firm OTR Global cut its rating to mixed from positive, amid concern that year-over-year growth in advertisement spending moderated in the first quarter of 2018. The last downgrade of the stock prior to OTR was made by Stifel Nicolaus’s Scott Devitt in January, before the scandal involving Cambridge Analytica.
The company’s first-quarter advertising spending is likely to rise 19%-24% year on year in the first quarter, versus a gain of as much as 30% in the fourth quarter, OTR said. Facebook lost 10% in March amid concern over the way the company handled its users’ personal data.
OTR is not beholden to traditional industry coverage. The research team uses information gathered through methods including interviews with industry experts, client events and company filing reviews, according to the firm’s website.
Earlier on Wednesday, Goldman Sachs analyst Heather Bellini...
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