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BusinessLIVE - For Your Ear

Listen to the latest BusinessLIVE articles from the news desk of Business Day, Financial Mail and the Business Times.

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Daily English South Africa Business News · News
12,931 Episodes
508 – 528

Japan’s Abe completing his term in question amid health queries

Tokyo — Japanese Prime Minister Abe Shinzo should be able to serve out the remainder of his term as party leader ending about a year from now, his right-hand man said, after recent hospital visits raised questions about the premier’s health. Chief cabinet secretary Yoshihide Suga said in an interview…
27 Aug 2020 8AM 3 min

CHINA DAILY: Unacceptable for US to spy on China’s military drills

The entry of a US Air Force U-2 reconnaissance plane into a no-fly zone China announced for live-fire military drills being conducted by the Northern Theatre Command of the People’s Liberation Army (PLA) on Tuesday is anything but acceptable rule-based behaviour. China has more than enough reason to lodge stern…
27 Aug 2020 8AM 2 min

Rolls-Royce, a UK icon that may become a UK tragedy

When the employees of Rolls-Royce Holdings read that coronavirus lockdowns and home-working have ignited a technology boom, they could be forgiven for weeping. The company makes the jet engines that power large passenger jets, which is one of the most technically complex engineering tasks known to man. And yet, most…
27 Aug 2020 7AM 3 min

Oil prices stable despite Hurricane Laura lockdown

London — Oil prices were broadly stable on Thursday as a huge hurricane in the Gulf of Mexico made landfall in the heart of the US oil industry, forcing oil rigs and refineries to shut down. Brent crude futures for October, which expire on Friday, rose 6c, or, 0.1% to…
27 Aug 2020 6AM 1 min

City of Minneapolis under state of emergency after death of black man

Bengaluru — The governor of Minnesota, US declared a state of peacetime emergency in the city of Minneapolis, after violent protests erupted on Wednesday night following the death of a black homicide suspect who police say shot himself. Minneapolis mayor Jacob Frey imposed a curfew following what he described as…
27 Aug 2020 6AM 2 min

California’s wildfires pose major threat to wine industry

New York — Vineyard owners in California’s Napa and Sonoma regions and the Santa Cruz Mountains had planned to harvest grapes over the next few weeks. But with flames threatening wineries and homes, thousands of people have had to evacuate, although some winemakers and winery workers stayed to help fight…
27 Aug 2020 6AM 10 min

Conte meddling from Rome will not help Italy’s economy

The Covid-19 pandemic has dealt a serious blow to Italy’s economy, which was already struggling with high public debt and low growth. The government now risks making matters worse: A string of high-profile interventions, the latest in Telecom Italia, has the potential to scare off investors just when the economy…
27 Aug 2020 5AM 3 min

Vladimir Putin is up to his old tricks and the world is playing along

Let no-one say that Angela Merkel isn’t onto Vladimir Putin’s dirty tricks and cynicism. As a former East German, the chancellor speaks Russian just as the Russian president, a former KGB offer stationed in Dresden, is fluent in German. They’ve known each other for decades. She still vividly recalls his…
27 Aug 2020 5AM 4 min

Hurricane Laura hits Louisiana, bringing 240km/h winds and threat of flooding

Port Arthur, Texas — Hurricane Laura made landfall early on Thursday in southwestern Louisiana as one of the most powerful storms to hit the state, with forecasters warning it could push a massive wall of water 64km inland from the sea. Laura made landfall packing winds of 240km/h in the…
27 Aug 2020 5AM 3 min

European stocks slip and dollar firms as markets await Fed chair’s address

London — European shares opened lower on Thursday and the dollar was slightly higher, as investors focused on the US Federal Reserve chair’s speech at the virtual Jackson Hole conference later in the session. Wall Street hit new record highs on Wednesday and the MSCI world share index also rose…
27 Aug 2020 4AM 3 min

New Zealand mosque shooter sentenced to life without parole

Wellington — A New Zealand judge sentenced white supremacist Brenton Tarrant to life in prison without parole on Thursday for killing 51 Muslim worshippers in the country’s deadliest shooting, saying the sentence was not enough punishment for the “wicked” crimes. It was the first time a court in New Zealand…
27 Aug 2020 3AM 4 min

Gold dips as investors cash in ahead of Fed address

Bengaluru — Gold prices fell on Thursday, following a sharp rise in the previous session, as investors squared positions ahead of a much-awaited speech from US Federal Reserve chair Jerome Powell. Spot gold was down 0.6% to $1,941.43/oz by 3.15am GMT, after rising 1.3% on Wednesday on expectations of more…
27 Aug 2020 2AM 2 min

Oil prices hover as Hurricane Laura shuts production

Melbourne — Oil prices were in a holding pattern on Thursday as a massive storm in the Gulf of Mexico raced towards the heart of the US oil industry, forcing oil rigs and refineries to shut, with little effect expected on supply as oil stockpiles remain high. US West Texas…
27 Aug 2020 1AM 2 min

Asian markets ease as focus falls on Fed’s stimulus policy

Sydney — Asian shares touched two-year peaks on Thursday in the wake of Wall Street’s record run as cheap cash drove up big-cap tech darlings, though Sino-US tensions caused caution to creep in as the session progressed. MSCI’s broadest index of Asia-Pacific shares outside Japan turned flat after earlier reaching…
27 Aug 2020 1AM 3 min

JSE faces mixed Asian markets on Thursday

The JSE faces mixed Asian markets on Thursday morning, with focus on the Jackson Hole economic symposium in the US later. US Federal Reserve officials are expected to outline their expectations of economic recovery in the world’s largest economy, and how they will support it. Financial markets are expecting chair…
27 Aug 2020 1AM 1 min

EDITORIAL: Banks brace for bad debts

SA’s bankers are buckling up for a flood of bad debts. This week, Absa set aside an immense R7.3bn to cover a tide of expected loan defaults from consumers and companies unable to pay their debts. This provision, which took Absa’s total bad debt charge to R14.7bn for the six…
27 Aug 2020 12AM 1 min

S&P and Nasdaq reach record closing highs

New York — US stocks surged on Wednesday, pushing the S&P 500 to its fourth straight record closing high, as investors stayed focused on large-cap stocks that have outperformed since the onset of the coronavirus pandemic. The Nasdaq also set an all-time closing high, its 39th year-to-date, compared with a…
26 Aug 2020 5PM 3 min
508 – 528