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Mail & Guardian
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The 15th Brics summit, which was hosted in South Africa, was met with a decreased market index, moving from 3,816.83 on the 21 August to 3,792.01 on 22 August, which also happened to be the actual starting day of the Brics summit. (Delwyn Verasamy/M&G)

Despite e-focus, Brics has no effect on stock markets

Much of the enthusiasm for a new financial order might well be misaligned

Financial news is seen on a television as traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. U.S. stocks opened lower today and closed significantly low with the Dow Jones dropping over 1,200 points after the release of an inflation report that showed prices rising more than expected in the last month. The Consumer Price Index released by the Bureau of Labor Statistics showed prices rising 8.3% over the last year, for which economists had predicted an 8.1% increase. (Michael M. Santiago/Getty Images)

Wall Street stages recovery from rout

US shares were battered earlier in the week by consumer price index data showing widespread inflation pressures

It may be that the most important lesson this pandemic has to teach us is that we don’t control nearly as many things as we like to think we do.

Coronavirus and the economy: We didn’t prepare for tough times

South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19

Affluent millennials are not afraid of investing

​Three financial habits of wealthy millennials that set them apart from their peers

Wealthy millennials are investing heavily in big tech companies

Mouthing off: Most medical schemes ignore the advice that if they provide adequately for oral health

Why it’s time competition law was applied to sport in South Africa

The business of sport in South Africa is coming under the focus of the Competition Commission on concerns that some practices may be uncompetitive

Kumba leads SA stocks to 1.6% gain

Stocks have booked a 1.6% gain, led by Kumba Iron Ore’s upbeat guidance for its full-year results.

Village Main Reef stocks reach highest in seven weeks

The gold production company has reported record highs at its Tau Lekoa flagship mine and restructuring at other operations.

JSE to offer 24 times faster trading

The Johannesburg stock exchange has started discussions with contractors to begin building a co-location service that will speed up trading.

About 250 Gautrain bus drivers are still unemployed despite having been promised a “political solution” to their labour dispute.

JSE buoyed by industrial and financial shares

The JSE proved its resilience this week, with stocks rising to a two-month high on Wednesday, despite concerns about labour unrest.

Current account data means the rand is likely to remain weak and stoke inflationary pressures.

Rand steadies after four-year lows

The rand has held steady against the dollar in early trade but looked vulnerable after hitting a four-year low in the previous session.

World stocks hit six-year low

Europe and Asia joined Wall Street’s sell-off on Tuesday, sending world stocks to their lowest since April 2003.

JSE follows world markets lower

The JSE slipped into weaker territory by noon on Wednesday as negative sentiment seeped back and weighed on global markets.

SA bank stocks slip after Fitch outlook cut

Shares in SA banks fell on Tuesday after Fitch downgraded its outlook on Absa, Investec and Nedbank, citing deteriorating conditions in the economy.

JSE stays up on resources, world markets

The JSE remained firm in morning trade on Monday, held up by impressive gains in resources and precious metal prices.

World stocks stall over US rescue plan

A world equities rally mostly stalled on Monday as investors questioned whether the much-vaunted US rescue plan would resolve a global crisis.

Stock markets soar on US plan for banks

Global stock markets roared higher on Friday on news of a possible United States government plan to rescue banks from toxic mortgage debt.

Morgan Stanley in talks as fear grips financials

Morgan Stanley topped the list of major financial firms scrambling to find a buyer on Thursday amid panicked stock and money markets.

SA markets hit by US shocks, metal prices

South African stocks plunged on Tuesday, shaken by United States financial-sector shocks and falling metal prices.

World stocks remain in freefall

Global equities tumbled for a second day running on Tuesday as anxious investors kept an eye on troubled US insurance giant AIG.

US stocks plummet amid credit crisis

United States stocks were in a dramatic sell-off on Monday morning amid a widening credit crisis.