Oil fell more than $2 to below $64 a barrel today and in line with other markets was on track to post its biggest monthly fall yet. The slide followed weak US economic data that provided the latest indication of sharply reduced demand for fuel from the worlds biggest energy consumer.
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The petrol price will drop by around 45 cents a litre next month, depending on the area. The Department of Minerals and Energy has announced that the price of diesel price with low sulphur content will fall by 21 cents, while paraffin will decrease by 39 cents.
The rand fell over 2% against the major currencies earlier today on renewed investor caution toward higher-risk assets.
South Africas independent, financially-secure and ambitious black womens spending power has increased substantially, said Unilever and TNS Research Surveys today.
The rand gave up some of its gains late yesterday.
Lower global markets and softer commodity prices are among the issues set to dominate local financial markets today.
Shares in mining companies soared today and given their dominance on the JSE, so too did the market.
NEW YORK - Intel Corp. warned that the economic slowdown may hurt its business but the world's biggest computer chipmaker maintained its fourth-quarter revenue projections.
“The recent financial crisis could negatively affect our business, results of operations, and financial condition,” Intel said in a regulatory filing with the Securities and Exchange Commission (SEC).
“Current uncertainty in [...]
WASHINGTON - Google and Yahoo may pull out next week from their proposed advertising partnership, which has been drawing close scrutiny from anti-trust regulators, The Wall Street Journal reported Friday.
The newspaper, citing “people familiar with the matter,” said prospects for the agreement had “dimmed” and the Internet powers were “considering walking away from the [...]
GORKI, Russia - Reforming the global financial system will take years and should begin right now, Russian President Dmitry Medvedev insisted.
“It is obvious that it will take years to put together a new framework for the world financial system but we have to get started right away,” he told a governmental meeting called to [...]
Petra Diamonds announced that the 39.19 carat special blue diamond recently placed on tender in Johannesburg has been sold for US8.8 million to an undisclosed buyer.
The rare stone was produced from the Cullinan mine in South Africa, a former De Beers owned and operated mine renowned as the world's only significant source of highly [...]
