Cyclone leaves 31 dead as Madagascar intensifies relief efforts
Emergency operations were ongoing across four regions.
$600bn AI splurge could keep US growth humming
Maarten Ackerman, chief economist at Citadel, says surging AI investment is underpinning US growth and corporate earnings.
Trump rebuked over Canada tariffs as midterm anxieties grow
Republicans are fighting to maintain control of both the House and Senate this November.
China has bought some Venezuelan oil from the US, Wright says
The global oil market was jolted in January when US forces swooped into Venezuela, seized former President Nicolás Maduro, with Washington asserting control over the OPEC member’s crude industry.
Budweiser APAC profit growth down as China beer volumes weak
Net income was $489 million, missing the $602 million forecast by analysts.
AB InBev offsets beer slump with non-alcoholic, premium sales
Consumers worldwide are pulling back on their drinking following concerns over affordability and the negative health impacts of consuming alcohol.
Copper rises as metals rally continues on demand outlook, dollar
Copper rose 0.5% to $13 166.50 a ton on the London Metal Exchange as of 10:43 a.m. in Shanghai.
Oil gains as traders take stock of Iran tensions and stockpiles
Brent for April settlement added 0.5% to $69.72 a barrel at 12:00 p.m. in Singapore.
Gold slips as strong US jobs report dims rate-cut prospects
Spot gold was 0.3% lower at $5 069.65 an ounce as of 1:04 p.m. in Singapore.
Capitec’s low cost base boosts profits
A look at Capitec’s latest trading update, alongside questions around whether the Sarb can realistically achieve a 3% inflation target.