South Africa’s private equity market may be attracting the attention of the nation’s biggest fund managers, but international investors are giving it a wide berth put off by lethargic output in Africa’s most advanced economy.
Sweden’s H2 Green Steel is in talks with governments in Canada to build a factory in northern Quebec, as the young firm tries to deliver on a promise to customers — steel produced with minimal carbon emissions.
Oil surged after Hamas’ surprise attack on Israel over the weekend threatened to destabilize the Middle East, injecting fresh geopolitical risk into a market that’s been roiled by OPEC+ supply cuts, declining inventories, and concerns that lofty prices may destroy demand.
HSBC Holdings Plc agreed to buy Citigroup Inc’s retail wealth management portfolio in mainland China, adding to its expansion in the world’s second-largest economy.
China called for an “immediate ceasefire” and reiterated support for an independent Palestinian state after Hamas launched a surprise attack on Israel that shattered regional stability.
Tepid data on China home sales during the key vacation season raised doubts over whether Beijing’s steps to prop up the property market are ample to revive the sector this year.
The dollar strengthened against most of its major peers as currency traders got their first chance to react to a shock attack by Hamas within Israel.
Australia and Japan committed to working together to improve cooperation on energy and climate goals following a bilateral meeting on the weekend, as Canberra moved to calm fears in Tokyo that stricter emissions targets will impose higher costs for fossil fuel projects.
Global financial markets already rattled by elevated interest rates now face a fresh dose of geopolitical uncertainty following Hamas’s surprise attack on Israel.
Australians are poised to reject an Aboriginal and Torres Strait Islander advisory body to parliament with five days left until voting day, polls show, amid concern that a “no” vote will set back the cause of reconciliation with the nation’s original inhabitants.
