Home / Articles posted by Caroline Biscotti (Page 3)

  • Fin24.com | JSE stands its ground as Turkish crisis pummels rand

    Fin24.com | JSE stands its ground as Turkish crisis pummels rand

    The JSE stood its ground on Monday as the fall-out from the Turkish lira slump hit emerging currencies and spilled over to other global equity markets. The contagion arising from the slump of the Turkish lira to a new all-time low overnight, resulted in the rand dropping to a level last recorded in June 2016. The rand dramatically dropped to... Continue reading

     
  • Fin24.com | Rand decline ‘more complicated than domestic issues‘

    Fin24.com | Rand decline ‘more complicated than domestic issues‘

    The reason for the decline of the rand on global currency markets may have more to do with external than domestic factors that many would blame for its weak performance in the week that was. This is according to Peregrine Treasury Solutions’ corporate treasury manager Bianca Botes. When the rand fell this past week, spectators were quick to point the... Continue reading

     
  • Fin24.com | Saudi fund in talks to invest in Tesla buyout deal

    Fin24.com | Saudi fund in talks to invest in Tesla buyout deal

    Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans. The Public Investment Fund, which has built up a stake just shy of 5% in Tesla in recent... Continue reading

     
  • Fin24.com | Rand plunges in early trade in emerging market rout

    Fin24.com | Rand plunges in early trade in emerging market rout

    Update: The rand was trading at R14.48/$ at 10:28, down 2.7% on the day.  The rand plunged in early trade on Monday to briefly trade under R15/$, before strengthening, as it continued to be dragged lower by the Turkish lira and Russian rouble.  The local currency opened at R14.13/$ and immediately plunged to under R15/$ for the first time since... Continue reading

     
  • Fin24.com | Turkey‘s policy making paralysis promises more tumult in markets

    Fin24.com | Turkey‘s policy making paralysis promises more tumult in markets

    Turkey is set for another week of financial-market turmoil: its face-off with the US shows no sign of abating as the policy making vacuum grows. While officials in Ankara, Istanbul and Washington have the means to stem the mayhem that sent the lira down 25% in the past month, the will to deploy them has been absent, with Recep Tayyip... Continue reading

     
  • Fin24.com | Engineering body CEO commits to diversity training over ‘antagonistic‘ column

    Fin24.com | Engineering body CEO commits to diversity training over ‘antagonistic‘ column

    The CEO of the SA Institution of Civil Engineering (SAICE), Manglin Pillay, has apologised “unreservedly” for his article  in the institution‘s official magazine which questioned the place of women in the engineering field. He said he would also undergo diversity training.  In his column Pillay had quoted a study by Leeds Beckett‘s School of Social Sciences and the University of... Continue reading

     
  • Fin24.com | China orders Tencent to kill game just days after its debut

    Fin24.com | China orders Tencent to kill game just days after its debut

    Tencent took another hit to its gaming business, after regulators told the social media giant to remove Monster Hunter: World from its PC downloads service just days after the action title’s debut. Parts of the Capcom hit failed to meet regulatory standards and the relevant authorities received a “significant amount of complaints,” which in turn spurred the government to revoke... Continue reading