Business News Today Platinum Hits 18-Year High on Lower Output Concerns Platinum prices have surged over 3% today, to above $1,930 per ounce, reaching its highest levels since 2008 as…
Browsing: Market news
EV Sales in US Hit by Subsidy Hang-over Tesla’s US sales fell sharply in November to 39,800 vehicles, a 23% decline from 51,513 units in November 2024. This is the…
US Fed Trims Rate for Third Consecutive Cut The US Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50%-3.75% late yesterday, marking the…
Business News Today Eskom Signs Deal with Ferro-Chrome Industry South Africa’s state power utility, signed a Memorandum of Understanding (MoU) with major ferrochrome producers Samancor Chrome and the Glencore-Merafe Chrome…
Business News Today Oil Prices Slide Further Brent crude oil futures traded lower with a -2% drop this morning, at around $62.4 per barrel on after sliding -2% in the…
Business News Today SpaceX to Rocket to Record Evaluation SpaceX is reportedly in talks for secondary share sale valued at a $800B valuation, which would make it America’s most valuable…
Business News Today Glencore’s Announcement on Collahuasi Copper JV with Anglo American During its annual Capital Markets Day investor presentation in Baar, Switzerland this week, Glencore Plc announced its intention…
Business News Today Business Sentiment in South Africa Improves The RMB/BER Business Confidence Index (BCI) for South Africa’s Q4 2025 climbed 5 points to 44, from a one-year low of…
Business News Today Amazon Announces On-Site AI Service Offering Amazon announced a new innovative AI product yesterday called “AI Factories”. The service would allow big corporations and governments to run its AI…
Business News Today South African Currency Showing Resilience The South African rand traded around the 17.1 per USD mark, near its best level since mid-November. Year-to-date, the Rand (ZAR) has…
