Here's how many shares RMI shareholders will get in Discovery and Momentum Metropolitan
The listing will bring the number of instruments available for trade on A2X to 62, with a combined market capitalisation of some R4.2 trillion. Tencent followed Alibaba in reporting its slowest pace of quarterly growth on record as online advertising sales missed analysts’ projections after they declined for the first time. And domestic gaming revenue grew a mere 1% - reflecting a months-long licensing halt that along with curbs on playtime for minors have sapped Tencent’s biggest division.“We are proactively embracing changes to better align ourselves with the new industry paradigm,” Lau said on a conference call after the results.
All eyes are on meetings this week of NATO, where Joe Biden and other leaders are expected to discuss further punishing Moscow for the month-long invasion, while the European Union is still debating a possible embargo on Russian oil. The surge in oil markets will further fan already elevated inflation - it is at a 40-year high in the United States and a 30-year high in Britain - putting pressure on central banks to tighten monetary policy before prices run out of control.In light of that, the Federal Reserve has turned increasingly hawkish.
“There aren’t many high-yielding deliverable EM currencies like ZAR and TRY,” he said in emailed comments. “However, TRY tail-risks will continue to keep many investors on the sidelines.” The lira, on the other hand, has been harmed by recent monetary policy decisions. The central bank has kept rates unchanged at 14% since December, despite inflation accelerating past 54% as of February.
Oil prices dipped on Tuesday as the European Union seems unlikely to agree to a ban on Russian oil which would also likely weigh on the euro."An embargo on Russian oil would increase the likelihood of Russia turning off the gas tap to Europe in return," Commerzbank head of FX research Ulrich Leuchtmann wrote, saying such a scenario could throw Europe into recession.
British inflation shot up faster than expected last month to a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday.*Britain has the second-highest annual inflation rate among Group of Seven countries, behind only the United States as global commodity and energy prices soar, exacerbated by Russia's invasion of Ukraine.
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Source: Fin24 - 🏆 21. / 63 Read more »
Source: Fin24 - 🏆 21. / 63 Read more »