FINANCE

FINANCE

Stay informed with the latest updates from South Africa and around the world. Our news section covers a wide range of topics including politics, social issues, crime, environment, global affairs, and human interest stories.

Oil steady as investors eye Ukraine war, US tariffs on India

Oil prices steadied on Wednesday, after falling in the previous session, as investors watched for fresh developments in the Ukraine war and weighed hefty new United States (US) tariffs on India, the world’s third biggest crude consumer.||Oil prices steadied on Wednesday, after falling in the previous session, as investors watched for fresh developments in the Ukraine war and weighed hefty new United States (US) tariffs on India, the world’s third biggest crude consumer.

German labour costs higher than in other industrialised countries: Study

Unit labour costs in German industry were 22% higher last year than the average of 27 industrialized countries examined by the Germany Economic Institute IW in a report seen by Reuters on Wednesday||Unit labour costs in German industry were 22% higher last year than the average of 27 industrialized countries examined by the Germany Economic Institute IW in a report seen by Reuters on Wednesday

Mercedes-Benz offloads Nissan stake for $325 million: Source

The pension trust of German automaker Mercedes-Benz has sold its stake in Japan’s Nissan Motor for 47.83 billion Yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday||The pension trust of German automaker Mercedes-Benz has sold its stake in Japan’s Nissan Motor for 47.83 billion Yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday

Zimbabwean farmers to benefit on Production Booster Kit Programme

Zimbabwean President Emmerson Mnangagwa has launched a Production Booster Kit Programme.||Zimbabwean President Emmerson Mnangagwa has launched a Production Booster Kit Programme.

Cocoa trader Touton in exclusive talks to be sold to Hartree 

French cocoa trader Touton SA said on Monday it was in exclusive talks to be sold to commodity and energy trader Hartree Partners. ||French cocoa trader Touton SA said on Monday it was in exclusive talks to be sold to commodity and energy trader Hartree Partners. 

Australia pushes to ratify Nauru security treaty ahead of China investment

Australia will seek to ratify a security and economic treaty with its tiny neighbour, Nauru by next month, Australian officials said on Monday, amid concern a A$1 billion ($648.85 million) Chinese investment proposal could breach its provision||Australia will seek to ratify a security and economic treaty with its tiny neighbour, Nauru by next month, Australian officials said on Monday, amid concern a A$1 billion ($648.85 million) Chinese investment proposal could breach its provision