SINGAPORE (Reuters) – The Monetary Authority of Singapore said on Monday it has imposed on DBS Group Holdings Ltd an additional capital requirement of about $692 million, following a two-day disruption to its digital banking services in November. The MAS has required DBS to apply a multiplier of 1.5 times to its risk-weighted assets for …
Singapore cenbank imposes additional capital requirement on DBS Read More »
(Reuters) – Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday. The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according …
Nissan to stop most development of new gasoline engines – Nikkei Read More »
The JSE has had a strong start to the week, gaining 1.60% to end the day on 74,304.56 points as a global rebound in tech stocks and a firm showing in commodity heavyweights buoyed the bourse. Tech heavyweights Naspers (+4.87%) and Prosus (+5.30%), which account for 12% of the main index, were the main drivers …
The JSE ended a volatile week in which investors had to navigate soaring inflation, mounting geopolitical tensions and a hawkish US Federal Reserve flat after breaching the 74,000-point level only for the second time this week. The All Share index was down 0.07% at 73,454.96 points at the end of the trading session. Mining stocks …
Market wrap: JSE ends volatile week flat, while rand tanks to R15.63/$ Read More »
(Bloomberg) – Shell Plc’s South African partner dismissed fears that seismic surveys for offshore oil and gas could endanger marine life and warned that halting searches could leave the country entirely dependent on crude imports. There is no evidence that seismic testing has “had any biologically significant impact on any marine populations in areas in …
Shell’s South African Partner Warns Against Halting Oil Search Read More »
South Africa’s consumer inflation numbers for December 2021 surprised on the upside, with CPI coming in at 5.9% compared with 5.5% in November and an expected 5.7%, reinforcing the case for a hike in interest rates next week. According to Statistics South Africa, this is the highest annual increase since March 2017, when the rate …
Quick take: Rand firms as CPI spikes to 4-year high, reinforcing case for rate hike Read More »
Motorists using 93 and 95 octane petrol will from midnight tomorrow pay 71c and 68c less per litre respectively due to lower oil prices. If it wasn’t for the weaker rand the petrol price drop would’ve been closer to a rand, according to the department of mineral resources and energy. “The lower oil prices led …
Quick Take: Petrol price breather for SA motorists Read More »
To say this year has been hard is an understatement. On top of the stresses of the global Covid-19 pandemic we have been dealing with Eskom’s constant load shedding, the devastation of the July riots, increase upon increase in fuel and food prices, an interest rate hike – the list seems endless. And there’s no …
While you were asleep: Let’s not let the virus steal the Christmas spirit Read More »
(Bloomberg) — Israel will administer a fourth dose of coronavirus vaccine to people over the age of 60 and medical personnel, becoming the first nation in the world to do so on such a widespread basis as the omicron variant barrels across the world. “The citizens of Israel were the first to get the third …
Israel Will Administer Fourth Covid Shot to People Over 60 Read More »
