(Bloomberg) -- Japan's 10-year government bonds rose, ending two days of losses, on speculation yields near the highest in three weeks attracted investors.
Yields, which move inversely to prices, declined as the Bank of Japan today started a two-day policy board meeting. Policy makers will probably keep interest rates unchanged as the economy slows and consumer prices fell for two consecutive months, according to a Bloomberg News survey of economists.
Read more at Bloomberg Bonds News
Tuesday, May 15, 2007
Tokyo gold, platinum recover on technicals
(Reuters) - Tokyo gold futures edged up on Wednesday, reversing the previous day's falls as investors viewed the recent weakness in the dollar and favourable technicals as supportive of gold.
Platinum futures also wiped off the previous day's losses and neared a record high marked earlier this week.
Read more at Reuters Africa
Platinum futures also wiped off the previous day's losses and neared a record high marked earlier this week.
Read more at Reuters Africa
TREASURIES-Recover in Asia after three-day slide
(Reuters) - If U.S. growth stays weak, economists believe a further cooling of inflation will prompt the Fed to change its current bias towards fighting price pressures in a first step towards trimming rates from the current 5.25 percent.
Kansas City Fed President Thomas Hoenig said in a speech late on Tuesday that he expects growth to improve this year and next, that current interest rates are "firm" but that a case could be made for either higher or lower borrowing costs.
Read more at Reuters.com Bonds News
Kansas City Fed President Thomas Hoenig said in a speech late on Tuesday that he expects growth to improve this year and next, that current interest rates are "firm" but that a case could be made for either higher or lower borrowing costs.
Read more at Reuters.com Bonds News
Inter-Tel says Vector Capital bids $26.50/shr
(Reuters) - But Inter-Tel said its special committee had determined that Vector Capital's bid was reasonably likely to lead to a superior proposal.
Inter-Tel said it has notified Mitel of its special committee's decision and that it intends to engage in talks with Vector Capital.
Read more at Reuters.com Mergers News
Inter-Tel said it has notified Mitel of its special committee's decision and that it intends to engage in talks with Vector Capital.
Read more at Reuters.com Mergers News
Premier Wen Says China to Make Yuan More Flexible as Paulson Summit Nears
(Bloomberg) -- China's Premier Wen Jiabao pledged to loosen controls on the exchange rate and take steps to curb a record trade surplus, a week before a summit in the U.S. to discuss ways to reduce imbalances.
Since scrapping a decade-old link to the dollar in July 2005, the yuan has been restricted to a maximum 0.3 percent daily move against the U.S. currency. U.S. Treasury Secretary Henry Paulson, who has refrained from labeling China a currency manipulator, has called for a more freely traded yuan to help address the widening trade gap between the two nations.
Read more at Bloomberg Emerging Markets News
Since scrapping a decade-old link to the dollar in July 2005, the yuan has been restricted to a maximum 0.3 percent daily move against the U.S. currency. U.S. Treasury Secretary Henry Paulson, who has refrained from labeling China a currency manipulator, has called for a more freely traded yuan to help address the widening trade gap between the two nations.
Read more at Bloomberg Emerging Markets News
Banco Bradesco, Homex, Marcopolo, Porto Seguro: Latin Equity Preview
(Bloomberg) -- The following stocks may make significant gains or losses in Brazil and Mexico today. Symbols are in parentheses after the company name, and stock prices are from the last session.
In Brazil, preferred shares are the most commonly traded class of stock.
Read more at Bloomberg Stocks News
In Brazil, preferred shares are the most commonly traded class of stock.
Read more at Bloomberg Stocks News
New Banco Popolare Q1 net at 293 mln euros
(Reuters) - The two banks agreed earlier this year to merge. They have said they shortlisted three groups in view of choosing an insurance partner that would distribute its products at their combined network.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Brazil's Bovespa Gains on Growth Outlook: Latin American Equity Roundup
(Bloomberg) -- Brazilian stocks gained for the second time in three days, led by steelmaker Usinas Siderurgicas de Minas Gerais SA, as stronger-than-expected retail sales bolstered speculation the economy will keep growing.
The Bovespa Index of the most-traded stocks on the Sao Paulo exchange rose 218.87, or 0.4 percent, to 50,729.63 as of 2:21 p.m. New York time. Shares of Usiminas, as Brazil's second- biggest steelmaker is known, added 1.60 real, or 1.6 percent, to 102.60 reais. Shares in Mexico and Argentina also advanced.
Read more at Bloomberg Stocks News
The Bovespa Index of the most-traded stocks on the Sao Paulo exchange rose 218.87, or 0.4 percent, to 50,729.63 as of 2:21 p.m. New York time. Shares of Usiminas, as Brazil's second- biggest steelmaker is known, added 1.60 real, or 1.6 percent, to 102.60 reais. Shares in Mexico and Argentina also advanced.
Read more at Bloomberg Stocks News
Russia Accuses Russneft Oil Billionaire Gutseriev of Illegal Activities
(Bloomberg) -- Russian investigators accused OAO Russneft billionaire Mikhail Gutseriev, head of the country's seventh-largest oil producer, of illegal business activity, fueling concern the state will destroy another energy company.
An investigation into Gutseriev's actions has been opened, said Irina Dudukina, spokeswoman for the Interior Ministry's investigative committee, by phone from Moscow today, declining to elaborate. The company's bonds fell.
Read more at Bloomberg Energy News
An investigation into Gutseriev's actions has been opened, said Irina Dudukina, spokeswoman for the Interior Ministry's investigative committee, by phone from Moscow today, declining to elaborate. The company's bonds fell.
Read more at Bloomberg Energy News
Wheat Rises to 2-Week High on Speculation Rains Spawned U.S. Crop Disease
(Bloomberg) -- Wheat rose to a two-week high in Chicago on speculation wet weather may promote disease in the U.S. crop.
Parts of Oklahoma and Kansas, the largest wheat-growing state, received as much as four times normal moisture in the past 30 days, according to data from the National Weather Service. Fungal diseases including wheat leaf rust and powdery mildew are common in wheat that's been subjected to persistent wet weather, according to a Cornell University report.
Read more at Bloomberg Commodities News
Parts of Oklahoma and Kansas, the largest wheat-growing state, received as much as four times normal moisture in the past 30 days, according to data from the National Weather Service. Fungal diseases including wheat leaf rust and powdery mildew are common in wheat that's been subjected to persistent wet weather, according to a Cornell University report.
Read more at Bloomberg Commodities News
Currency Volatility Drops to Record on Forecasts That Dollar Will Decline
(Bloomberg) -- A growing consensus that the dollar will extend its drop has pushed the cost of options protecting against currency fluctuations to a record low.
Traders have stepped up bets on dollar declines after central banks in the U.S., the euro region and the U.K. didn't surprise investors with the outcome of meetings last week. The dollar touched a record low versus the euro last month and a 25- year low versus the pound.
Read more at Bloomberg Currencies News
Traders have stepped up bets on dollar declines after central banks in the U.S., the euro region and the U.K. didn't surprise investors with the outcome of meetings last week. The dollar touched a record low versus the euro last month and a 25- year low versus the pound.
Read more at Bloomberg Currencies News
Poland Leads Central Europe Stock Slump on Earnings; PKN, Grupa Lotos Fall
(Bloomberg) -- Polish stocks led declines in central and eastern Europe after companies including PKN Orlen SA and Grupa Lotos SA reported earnings that missed analysts' estimates.
``The results from Polish oil companies were a big disappointment,'' said Tomasz Adamus, who helps manage the equivalent of $3.9 billion at Credit Suisse Asset Management Polska SA in Warsaw. ``After recent gains in the market, the correction was very likely.''
Read more at Bloomberg Stocks News
``The results from Polish oil companies were a big disappointment,'' said Tomasz Adamus, who helps manage the equivalent of $3.9 billion at Credit Suisse Asset Management Polska SA in Warsaw. ``After recent gains in the market, the correction was very likely.''
Read more at Bloomberg Stocks News
UPDATE 1-Credit derivatives still untested -Fed's Minehan
(Reuters) - "First, credit derivatives can be useful instruments aiding the cause of financial stability," Minehan told a conference on the public policy implications of the explosive growth in this market being hosted by the Atlanta Fed.
"Second, in the midst of surging growth in the number of credit derivative products ... and the growing diversity of market users, there has been progress in strengthening the underlying infrastructure round these instruments to make them more resilient in times of stress.
Read more at Reuters.com Bonds News
"Second, in the midst of surging growth in the number of credit derivative products ... and the growing diversity of market users, there has been progress in strengthening the underlying infrastructure round these instruments to make them more resilient in times of stress.
Read more at Reuters.com Bonds News
REFILE-UPDATE 2-US sees March long-term inflow of $67.6 billion
(Reuters) - NEW YORK, May 15 - International investors bought a net $67.6 billion in long-term U.S. securities in March, up less than expected from February, the U.S. Treasury Department said on Tuesday.
March foreign purchases of long-maturity securities such as equities, notes and bonds rose from $58.1 billion in net purchases recorded for February. Economists surveyed by Reuters expected long-term inflows of $75 billion.
Read more at Reuters.com Bonds News
March foreign purchases of long-maturity securities such as equities, notes and bonds rose from $58.1 billion in net purchases recorded for February. Economists surveyed by Reuters expected long-term inflows of $75 billion.
Read more at Reuters.com Bonds News
Amgen, Aurora, Ingersoll-Rand, Universal Insurance: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges. Share prices are as of 10:10 a.m. New York time.
Advanced Micro Devices Inc. (AMD US) rose 30 cents, or 2 percent, to $15.66 and traded as high as $15.75. ThinkEquity Partners analyst Eric Ross upgraded shares of the world's second- largest maker of computer microprocessors to ``buy'' from ``sell.''
Read more at Bloomberg Stocks News
Advanced Micro Devices Inc. (AMD US) rose 30 cents, or 2 percent, to $15.66 and traded as high as $15.75. ThinkEquity Partners analyst Eric Ross upgraded shares of the world's second- largest maker of computer microprocessors to ``buy'' from ``sell.''
Read more at Bloomberg Stocks News
Copper Rebounds as Chinese Imports Surge This Year, Signaling Demand Gains
(Bloomberg) -- Copper rose in New York after imports into China, the world's biggest consumer of the metal, surged 61 percent in the year's first four months.
China imported 1.08 million metric tons of copper and copper products from January through April, according to preliminary data issued today by the Beijing-based customs office. Imports in April jumped 68 percent to 304,672 tons from a year earlier. Copper futures have climbed 23 percent this year on speculation that China's economic growth will boost demand.
Read more at Bloomberg Commodities News
China imported 1.08 million metric tons of copper and copper products from January through April, according to preliminary data issued today by the Beijing-based customs office. Imports in April jumped 68 percent to 304,672 tons from a year earlier. Copper futures have climbed 23 percent this year on speculation that China's economic growth will boost demand.
Read more at Bloomberg Commodities News
U.S home sales pace off in 33 states, prices mixed-NAR
(Reuters) - Fourteen states and the District of Columbia showed an increase in the sales pace from a year ago while one state was unchanged, the NAR report said.
Read more at Reuters.com Economic News
Read more at Reuters.com Economic News
UPDATE 1-KPN rises as mobile rate cuts less than expected
(Reuters) - AMSTERDAM, May 15 - Shares in Dutch telecoms operator KPN , Opta said.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Enterprise Inns Considers Conversion to REIT, Sending Shares to Record
(Bloomberg) -- Enterprise Inns Plc, the U.K.'s second-biggest pub landlord, said it's investigating whether it can become a real estate investment trust without splitting the company, sending the shares up as much as 8 percent to a record.
The company is in talks with the U.K. government's revenue department about whether it can avoid separating its operating and property units because all its pubs are leased to tenants, Chief Executive Officer Ted Tuppen said today in an interview. Enterprise Inns reported a 16 percent increase in first-half profit on gains from selling less profitable bars.
Read more at Bloomberg Stocks News
The company is in talks with the U.K. government's revenue department about whether it can avoid separating its operating and property units because all its pubs are leased to tenants, Chief Executive Officer Ted Tuppen said today in an interview. Enterprise Inns reported a 16 percent increase in first-half profit on gains from selling less profitable bars.
Read more at Bloomberg Stocks News
Daimler sees excess liquidity after Chrysler sale
(Reuters) - He told a quarterly results conference that this stemmed from the fact that it would no longer be responsible for Chrysler healthcare liabilities, which he said would be good for Daimler shareholders.
) Keywords: DAIMLERCHRYSLER RESULTS/LIQUIDITY
Read more at Reuters.com Market News
) Keywords: DAIMLERCHRYSLER RESULTS/LIQUIDITY
Read more at Reuters.com Market News
Oil Is Steady Amid Speculation That U.S. Gasoline Output Rose Last Week
(Bloomberg) -- Crude oil was little changed in New York amid speculation that an Energy Department report will show that U.S. refineries bolstered gasoline production last week.
Gasoline stockpiles increased 1 million barrels in the week ended May 11, according to the median of responses by 14 analysts surveyed by Bloomberg News. It would be the second straight weekly gain. Refineries probably bolstered operating rates 0.8 percentage point, the survey showed. Refiners raise gasoline output in the run-up to the summer months when demand peaks.
Read more at Bloomberg Energy News
Gasoline stockpiles increased 1 million barrels in the week ended May 11, according to the median of responses by 14 analysts surveyed by Bloomberg News. It would be the second straight weekly gain. Refineries probably bolstered operating rates 0.8 percentage point, the survey showed. Refiners raise gasoline output in the run-up to the summer months when demand peaks.
Read more at Bloomberg Energy News
Brazil's Real Gains Beyond 2-Per Dollar Level For First Times in Six Years
(Bloomberg) -- Brazil's real gained, breaking through the 2-per-dollar level for the first time in six years, after a government report showing retail sales surged in March fueled expectations the economy is picking up.
The real rose as much as 0.4 percent to 1.9998 reais per dollar before sliding back to 2.0013 at 9:12 a.m. New York time. The advance pushes the real up 6.7 percent this year, making it the biggest gainer among the 16 most actively traded currencies against the dollar.
Read more at Bloomberg Currencies News
The real rose as much as 0.4 percent to 1.9998 reais per dollar before sliding back to 2.0013 at 9:12 a.m. New York time. The advance pushes the real up 6.7 percent this year, making it the biggest gainer among the 16 most actively traded currencies against the dollar.
Read more at Bloomberg Currencies News
GLOBAL MARKETS-Benign U.S. inflation data supports stocks, bonds
(Reuters) - LONDON, May 15 - Stocks pared losses while Treasuries firmed and the dollar edged lower on Monday as tame U.S. inflation data left open the prospect of Federal Reserve interest rate cuts later this year.
U.S. consumer prices rose a smaller-than-expected 0.4 percent in April while core inflation, excluding volatile food and energy, was 0.2 percent, in line with forecasts.
Read more at Reuters.com Bonds News
U.S. consumer prices rose a smaller-than-expected 0.4 percent in April while core inflation, excluding volatile food and energy, was 0.2 percent, in line with forecasts.
Read more at Reuters.com Bonds News
LionOre Mining, Rogers, Tembec, Thomson, Yamana: Canada Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index fell 100.54, or 0.7 percent, to 13,903.28, yesterday in Toronto.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index fell 100.54, or 0.7 percent, to 13,903.28, yesterday in Toronto.
Read more at Bloomberg Stocks News
Crude Oil Falls on Speculation U.S. Will Have Enough Gasoline This Summer
(Bloomberg) -- Crude oil fell on speculation U.S. fuel prices will drop as refineries build up supplies of gasoline for the coming summer.
An Energy Department report tomorrow will probably show gasoline stockpiles rose for a second week, according to a Bloomberg News survey of 12 analysts. OPEC said the U.S. should have enough fuel this summer as long as it imports at least 1 million barrels a day.
Read more at Bloomberg Energy News
An Energy Department report tomorrow will probably show gasoline stockpiles rose for a second week, according to a Bloomberg News survey of 12 analysts. OPEC said the U.S. should have enough fuel this summer as long as it imports at least 1 million barrels a day.
Read more at Bloomberg Energy News
Russian minister still sees TNK-BP losing Kovykta
(Reuters) - The firm gained a reprieve against the threatened withdrawal of its license for the East Siberian field by persuading a court in the Irkutsk region to clarify its license obligations at a hearing set for May 23.
Asked whether he still expected the license to be withdrawn, minister Yuri Trutnev said "I think so, yes. They are not fulfilling their license agreement.
Read more at Reuters.com Mergers News
Asked whether he still expected the license to be withdrawn, minister Yuri Trutnev said "I think so, yes. They are not fulfilling their license agreement.
Read more at Reuters.com Mergers News
Alliance Atlantis results jump 92 pct
(Reuters) - Alliance, which co-produces and distributes the hit "CSI: Crime Scene Investigation" TV show franchise, earned C$41.2 million , or 98 Canadian cents a share, in the period ended March 31. That's nearly twice the C$21.5 million, or 49 Canadian cents a share, it earned a year earlier.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
NEWSMAKER-Reuters CEO returns to M&A with Thomson deal
(Reuters) - As part of the agreed deal, the companies have agreed the top job at what would be the world's biggest financial news and information supplier would go to Glocer, the first Reuters CEO not to have worked his way up through the newsroom. For more on the deal, click on [ID:nL15300215]
Glocer was born in New York City, and his career took shape after he received a political science degree from Columbia University and graduated from Yale Law School.
Read more at Reuters.com Mergers News
Glocer was born in New York City, and his career took shape after he received a political science degree from Columbia University and graduated from Yale Law School.
Read more at Reuters.com Mergers News
S.Africa C/A deficit to suffer World Cup penalty
(Reuters) - Imports of construction equipment and other goods for the 2010 football World Cup in South Africa will further pressure the country's negative balance of payments, its deputy finance minister said on Tuesday.
"Yes, indeed there is going to be an impact on the balance of payments, but it's a good, healthy one because it's importing capital goods to expand your economic capacity," Deputy Finance Minister Jabu Moloketi told reporters in Pretoria.
Read more at Reuters Africa
"Yes, indeed there is going to be an impact on the balance of payments, but it's a good, healthy one because it's importing capital goods to expand your economic capacity," Deputy Finance Minister Jabu Moloketi told reporters in Pretoria.
Read more at Reuters Africa
UPDATE 1-Wal-Mart 1st-qtr profit up; CEO not satisified
(Reuters) - Earnings rose to $2.83 billion, or 68 cents per share, in the first quarter that ended April 30, from $2.62 billion, or 63 cents per share, a year earlier.
Analysts on average had been expecting profit of 68 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts on average had been expecting profit of 68 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
UPDATE 1-Home Depot posts lower-than-expected profit
(Reuters) - Based on the performance, Home Depot said it expected per-share earnings for this year to fall at the low end of a previously forecast range of 4 percent to 9 percent.
Earnings declined by about one-third to $1 billion, or 53 cents a share, in the first quarter ended on April 29, from $1.5 billion, or 70 cents a share, a year earlier.
Read more at Reuters.com Market News
Earnings declined by about one-third to $1 billion, or 53 cents a share, in the first quarter ended on April 29, from $1.5 billion, or 70 cents a share, a year earlier.
Read more at Reuters.com Market News
S.Africa's 2010 campaign to affect c/act - deputy finmin
(Reuters) - The importing of construction equipment and goods for the 2010 soccer World Cup in South Africa will further pressure the country's negative balance of payments, its deputy finance minister said on Tuesday.
"Yes, indeed there is going to be an impact on the balance of payments, but it's a good, healthy one because it's importing capital goods to expand your economic capacity," Deputy Finance Minister Jabu Moloketi told reporters in Pretoria.
Read more at Reuters Africa
"Yes, indeed there is going to be an impact on the balance of payments, but it's a good, healthy one because it's importing capital goods to expand your economic capacity," Deputy Finance Minister Jabu Moloketi told reporters in Pretoria.
Read more at Reuters Africa
FACTBOX: Thomson agrees to buy Reuters for $17.2 bln
(Reuters) - - For each Reuters share, a holder will be entitled to 352.5 pence per share in cash and 0.16 Thomson share.
- The deal would value each Reuters share at 692 pence, based on Monday's closing prices.
Read more at Reuters.com Business News
- The deal would value each Reuters share at 692 pence, based on Monday's closing prices.
Read more at Reuters.com Business News
U.S. Stock-Index Futures Decline; Citigroup, Lehman, Amgen Fall in Europe
(Bloomberg) -- U.S. stock-index futures fell on concern inflation figures today will hinder the Federal Reserve from cutting interest rates to shore up a weakening economy.
``We don't see a rate cut happening this year because inflation is there in the background,'' said Kevin Lyne-Smith, who helps oversee $100 billion as managing director at Julius Baer Holding AG's private-banking division in Zurich. ``We are underweight U.S. stocks. The economic slowdown is happening.''
Read more at Bloomberg Stocks News
``We don't see a rate cut happening this year because inflation is there in the background,'' said Kevin Lyne-Smith, who helps oversee $100 billion as managing director at Julius Baer Holding AG's private-banking division in Zurich. ``We are underweight U.S. stocks. The economic slowdown is happening.''
Read more at Bloomberg Stocks News
BG to invest $3 bln over 3-4 years on Egypt gas
(Reuters) - British gas producer BG Group will invest around $3 billion on gas exploration and production in Egypt over the next three or four years, a company executive said on Tuesday.
The investment would be made in intensive exploration and production activity, BG's Egyptian president, Ian Hewitt, said.
Read more at Reuters Africa
The investment would be made in intensive exploration and production activity, BG's Egyptian president, Ian Hewitt, said.
Read more at Reuters Africa
French Stocks Drop, Led by Danone and Valeo; Bouygues Advances on Revenue
(Bloomberg) -- French stocks declined, paced by Groupe Danone and Valeo SA. Builders Bouygues SA and Vinci SA gained.
The CAC 40 Index lost 14.22, or 0.2 percent, to 6012.20 at 10:26 a.m. in Paris. The SBF 120 Index also dropped 0.2 percent.
Read more at Bloomberg Stocks News
The CAC 40 Index lost 14.22, or 0.2 percent, to 6012.20 at 10:26 a.m. in Paris. The SBF 120 Index also dropped 0.2 percent.
Read more at Bloomberg Stocks News
UPDATE 1-India HDFC to buy Chubb's stake in insurance venture
(Reuters) - "There are people who are interested in partnering with us," the source said. "We will try to do it as quickly as possible."
"The preference would be for someone with an insurance background," the source said. "We need the expertise."
Read more at Reuters.com Mergers News
"The preference would be for someone with an insurance background," the source said. "We need the expertise."
Read more at Reuters.com Mergers News
European shares hold steady early, data upcoming
(Reuters) - A barrage of economic data from both Europe, including robust growth figures from Germany, as well as consumer inflation and housing data from the United States could provide additional support to the broader market.
"The one issue for today are the GDP figures that have been released," said Tammo Greetfeld, a strategist with HVB in Munich, adding that the data confirmed the economic backdrop remained constructive for the equity market.
Read more at Reuters.com Hot Stocks News
"The one issue for today are the GDP figures that have been released," said Tammo Greetfeld, a strategist with HVB in Munich, adding that the data confirmed the economic backdrop remained constructive for the equity market.
Read more at Reuters.com Hot Stocks News
European Stocks Rebound, Led by Reuters, Hanson; Rio Tinto Shares Decline
(Bloomberg) -- European stocks rebounded from an earlier decline. Reuters Group Plc and Hanson Plc led gains after they agreed to be bought.
Rio Tinto Group and Anglo American Plc limited gains after copper fell to a five-week low in Shanghai.
Read more at Bloomberg Stocks News
Rio Tinto Group and Anglo American Plc limited gains after copper fell to a five-week low in Shanghai.
Read more at Bloomberg Stocks News
Slovak Economic Growth Unexpectedly Slowed to 8.9 Percent in First Quarter
(Bloomberg) -- Slovak economic growth slowed to 8.9 percent in the first quarter from 9.6 percent in the previous three months, the statistics office said.
The pace was slower than the median estimate of 10 economists polled by Bloomberg for growth of 10.6 percent.
Read more at Bloomberg Emerging Markets News
The pace was slower than the median estimate of 10 economists polled by Bloomberg for growth of 10.6 percent.
Read more at Bloomberg Emerging Markets News
Rand softer, but demand still healthy
(Reuters) - South Africa's rand weakened slightly versus the dollar on Tuesday but traders were not expecting the unit to fall much further.
At 0646 GMT, the rand stood at 6.9640 to the dollar, 0.3 percent weaker than its New York close of 6.9450 on Monday.
Read more at Reuters Africa
At 0646 GMT, the rand stood at 6.9640 to the dollar, 0.3 percent weaker than its New York close of 6.9450 on Monday.
Read more at Reuters Africa
Subscribe to:
Posts (Atom)
