COMPANIES Exxaro Resources full-year results
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SOUTH AFRICAN MARKETS South African shares and the rand plummeted on Wednesday as the U.S. banking crisis spread to Europe and continued to wreak havoc on global markets. GLOBAL MARKETS Asian stocks slid on Thursday and investors turned to the safety of gold, bonds and dollars as Credit Suisse became the latest focal point for fears of a banking crisis, leaving markets on edge ahead of a European Central Bank meeting later in the day. WALL STREET U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month. GOLD Gold retreated on Thursday from a safe-haven-driven rally, which sent prices to their highest since early-February, as traders more sought clarity on the financial sector after Credit Suisse became the latest focal point for fears of a banking crisis. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY
- No key infrastructure off limits in shutdown, Julius
Malema warns
- Government backs down as public servants play chicken over
wages
(Compiled by Nellie Peyton)
