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.

PetroSA approves Shell as majority partner in block offshore SA, document shows

SA legacy national oil company PetroSA has approved a deal

Rand flat after Moody’s keeps the country’s rating, outlook steady

SA credit rating and outlook unchanged

Trump to be involved in review of Netflix-Warner Brothers deal

United States (US) President Donald Trump said on Sunday that he would have a say whether a proposed merger between Netflix and Warner Brothers should go forward, telling reporters the market share of a combined entity could raise concerns.

Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk

Oil prices hovered at two-week highs on Monday as investors expect a likely United States (US) Federal Reserve interest rate cut this week to lift economic growth and energy demand, while monitoring geopolitical risk that threatens Russian and Venezuelan supply

Mounjaro added to China’s state insurance list for diabetes treatment

Eli Lilly’s popular drug, Mounjaro will be added to China’s state-run health insurance scheme from January 1 for patients with type 2 diabetes, the National Healthcare Security Administration said in a website notice on Sunday, a move which analysts say could put pressure on competitors

China’s exports top expectations on strong sales to non-US markets

China’s exports topped forecasts in November, driven by a surge in shipments to non-United States (US) markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump’s prohibitively high tariffs