Business

Caught in the Steinhoff net! Investec reveals exposure to fiasco

Caught in the Steinhoff net! Investec reveals exposure to fiasco

Steinhoff admitted to accounting problems earlier this week and its veteran chief executive Markus Jooste quit, wiping billions of dollars off its stock market value and raising questions about its liquidity and future. Shares at the company recovered somewhat on Monday, jumping as much as 40 percent from Friday's close, but well below the R10-mark. "On the positive side, it does look like Christo Wiese is doing a salvage job", Woods said of the retail group's biggest shareholder and ...


Bitcoin Futures Launch Sees Price Spike as CBOE Website Crashes

Bitcoin Futures Launch Sees Price Spike as CBOE Website Crashes

According to The Guardian , the CBOE futures are securities that will track the price of bitcoin on Gemini , one of the larger existing exchanges. Bitcoin futures are the latest evolution in the market surrounding the cryptocurrency, which has appreciated more than 1,400% this year. The digital currency has had more than its fair share of critics on Wall Street.


French Baby Milk Maker Orders Global Recall Over Salmonella Fears

French Baby Milk Maker Orders Global Recall Over Salmonella Fears

The children who fell ill in France have since recovered and, when asked if any cases had been reported overseas, Lactalis spokesman Nalet said "Not as far as I am aware". It sells milk in packets ranging from 350-950 grams which are marketed globally under the Milumel, Picot and Celi brands. Six babies died and around 300,000 others were made ill.


Oil Prices Rise On Solid Chinese Demand

Oil Prices Rise On Solid Chinese Demand

Oil prices fell on Monday, pulled down as the latest rise in the United States rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets. Crude Oil Daily chart has formed a "Rising wedge" pattern. Crude oil futures fell Rs 14 to Rs 3,678 per barrel today after participants reduced their exposure in tune with a weak trend in Asian markets.


Some flights cancelled from United Kingdom to Ireland due to snow

Some flights cancelled from United Kingdom to Ireland due to snow

Heathrow flights and those to and from Luton Airport faced delays due to poor weather conditions. "If your flight is cancelled, we ask that you do not travel to the airport and keep updated via your airline's website". Birmingham Airport said: "Passengers should be aware that there may be some knock on disruption today following yesterday's adverse weather and freezing temperatures overnight".