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Business Maverick: After floods, Zimbabwe and Mozambique face huge maize shortfallsZimbabwe’s 2019 maize crop is set to come in at half that of 2018 and Mozambique’s at a quarter. To make it worse, SA will probably not have much excess — and the result is fast-rising maize prices.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Short Seller That Targeted Noble Group Takes Aim at TrafiguraIceberg Research, the short seller that targeted commodities trader Noble Group Ltd., has another trading house in its sights: Trafigura Group Ltd.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Trump Moves From Trade War Toward Currency WarPresident Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Gold Jumps to 5-Year High as Fed Signals Ready to CutGold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: June 20: Five Things You Need to Know to Start Your DayThe U.S. Federal Reserve held its rate and scrapped its “patient” approach in a prelude to a possible cut. Asian equitiy futures may rise after U.S. stocks rallied for a third day. And an Australian hedge fund bags a 74% gain on millennials and iron. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Zambia to Choose Buyer for Vedanta Unit in July, Lungu SaysZambia’s government expects to conclude talks with potential buyers of Vedanta Resources Ltd.’s local copper unit within a month, President Edgar Lungu told Bloomberg, preempting a hearing by Zambia’s High Court on Thursday on the state’s bid to liquidate the asset after a dispute between the government and the Indian company.
Source: dailymaverick - 🏆 3. / 84 Read more »