Finance

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Canal+ shares leap on big cost savings expected from MultiChoice deal

Canal+ shares jumped around 14% to a ‌record high on Thursday, after the pay-TV group said it expects over $479 million in annual cost savings following its acquisition of MultiChoice last year.

SA energy regulator approves power cost relief for ferrochrome makers

The National Energy Regulator of South Africa (SA) (NERSA) on Thursday approved an application by Eskom to reduce electricity tariffs by 35% for two distressed ferrochrome operations battling high power costs.

Gold nears $5 600 as safe-haven rush intensifies, silver blazes past $120

Gold advanced to a new record high near the $5 600-an-ounce level on Thursday, as investors sought refuge from escalating geopolitical tensions and weakening economic signals in the United States (US).