Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

South Africa’s economy reaches pre-pandemic size in strong Q1

A person works at ” The Faktory ‘, a fashion design and clothing manufacturing company in Johannesburg, South Africa, March 4, 2021. REUTERS / Siphiwe Sibeko Register now for FREE unlimited access to Register PRETORIA, June 7 (Reuters) – South Africa’s economy grew more than expected in the first quarter, recovering to the level … Read more

Deutsche Bank not financing controversial African oil pipeline, source says

The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson Register now for FREE unlimited access to Register FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt … Read more

Zimbabwe’s bank lending freeze will worsen economic crisis -business chamber

May 9 (Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory loans, the country’s business chamber said on Monday. “Surely, this is not an ideal measure to control the growth in broad money supply,” … Read more