South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least $130 million stolen from local bank VBS, a central bank investigation published on Wednesday said.
Wall Street stocks were back in selloff mode in late morning trading Thursday in what was shaping up to be a volatile sequel to the prior session's rout, amid another attack on the US central bank by President Donald Trump.
The number of Americans filing for unemployment benefits unexpectedly rose last week but remained near a 49-year low, and the increase appeared unlikely to dislodge the view that the United States labor market remains strong.
South Africa has investment commitments of $35 billion as part of plans by President Cyril Ramaphosa to attract $100 billion over the next five years to revive the country’s flagging economy, his economic adviser told Reuters on Wednesday.
Japanese Finance Minister, Taro Aso, said on Thursday he was watching stock and currency moves with vigilance, issuing a warning over the yen’s recent appreciation that could damage the country’s export-reliant economic recovery.
Germany’s BMW (BMWG.DE) will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
Steinhoff’s shares fell more than 9% on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.