The newspaper and packaging group Caxton is buying two businesses from the Swiss-headquartered packaging company Amcor in a deal worth R90 million.
In acquiring 34.95% of RBPlat – with an option to grow the share to 38% over time – the Takeover Regulation Panel last week ruled Northam had not triggered a mandatory offer. Shares were mixed in Japan and fluctuated in South Korea, where faster inflation added to the case for more interest-rate hikes.Oil advanced on renewed fears about supply disruptions due to the war. The European Union is working on new Russian sanctions, while the U.S. said it may impose further penalties this week. Russia rejected allegations of war crimes.
“Between now and June we’re going to get a lot of information the market has to price in,” Subadra Rajappa, head of U.S. rates strategy at Societe Generale SA, said on Bloomberg Television.In the latest step to punish Russia, dollar debt payments from Russian government accounts at U.S. financial institutions have been halted, according to a person with knowledge of the matter.
The auction held in Jaipur, India, last month auctioned off predominantly commercial quality rough emeralds extracted by Gemfields' majority-owned Kagem Mining in Zambia. Gemfields said the proceeds of the auction will be fully repatriated to Kagem in Zambia, with all royalties due to the government of Zambia to be paid on the full sales prices achieved at the auction.Tharisa appoints mining veteran Bernard Pryor as head of Karo Mining Holdings
Chinese tech shares in Hong Kong rose 3% after Beijing sought to modify a rule that restricts offshore-listed firms from sharing sensitive financial data with foreign regulators. That may allow the U.S. to gain full access to audits, reducing the risk of Chinese firms losing their Wall Street listings.
The Fed minutes later this week will shape views on the odds of a half percentage-point rate increase in May and provide key details on how the central bank will shrink its balance sheet. Analysts said the report bolstered the case for the Federal Reserve to hike interest rates by half a percentage point at its meeting next month.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Fin24 - 🏆 21. / 63 Read more »
Source: Fin24 - 🏆 21. / 63 Read more »